News

Credit Suisse to delist exchange-traded note that’s up 200% this year

Bank is axing a total of nine ETNs, most of which are leveraged

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Investment firms reopening, with most planning for September

Most offices will reopen in the coming months, despite a projected increase in COVID-19 rates

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A hand up but a bill due: Taxes and unemployment

Tax pros share what they’re telling clients about relief for the jobless during the pandemic.

Positioning yourself post-pandemic

3 client questions every adviser should anticipate as firms emerge from the shutdown

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Wells Fargo customers targeted with phishing attacks using calendar invites

In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

$500M ex-Merrill Lynch team chooses hybrid Sanctuary

Muirwood Private Wealth exemplifies “cracked-code” of pandemic moves, observer says.

What we learned from judging the Visionary Leader Awards

The judges sought innovations that would make a lasting impact on the business of financial advice. We found them.

The push to allow CITs in 403(b)s

A bipartisan bill to amend the Internal Revenue Code hints at more attention to the issue, according to a report from Morningstar

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Crisis accelerates change

“The truth is that you can be inclusive. There is top-tier talent from both racially and economically diverse backgrounds,” writes Visionary Leader Awards judge Dasarte Yarnway.

Supreme Court limits power of SEC to recoup illegal gains

The ruling came in a lawsuit brought by a California couple ordered to pay $27 million after being found to have defrauded investors

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Why the Fed pays ETF trading commissions when small investors don’t

There's more to the so-called free trades than meets the eye

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IRS provides expanded tax breaks for coronavirus-related distributions

The guidance allows more people to withdraw funds penalty-free from their retirement savings

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New Goldman credit fund swears off hardball

While determined to capitalize on the distortions created by the coronavirus, the bank says the offering won’t “act as vulture investors.”

The robo-adviser that shorted the market and won

Digital advice players have long heralded low-cost investing, but firms are offering differentiated strategies

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Delinquencies on home mortgages hit highest level since 2011

The increase in delinquences in May was smaller than the jump in April, as the economy ground to a halt

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SEC Chairman Clayton advised to drop bid for U.S. attorney

The dispute between Attorney General Barr and Geoffrey Berman has cast a shadow over Clayton's nomination for the position

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‘A priceless opportunity’: Winner of the first Visionary Leader Award for an individual

With her innovative, rapid-fire leadership, the recipient of this year’s individual award is giving nearly 2,000 aspiring planners unprecedented entree into a profession sorely in need of them

‘Authentic to a fault’: RIA wins team Visionary Leader Award

Granular sensitivity and remarkable speed characterized the overnight virtualization of the firm.

Opening defined-contribution plans to private equity is a mistake

U.S. regulators dropped the ball in a recent letter clarifying that regulations do not prohibit the use of private equity funds in 401(k) plans

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Don’t conflate diversity and ESG

For the financial advice community, achieving diversity represents its future

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