News

President Trump Taps Caroline Crenshaw for Open SEC Seat

If approved by the Senate, Crenshaw would take the seat previously occupied by Robert Jackson Jr., who left the commission earlier this year.

Cresset crests $9B in AUM with PagnatoKarp purchase

The firm, which has nearly tripled in size in the last year, says it continues to seek out acquisition targets.

Why RBC, JPMorgan are recognizing Juneteenth

Observing the day is one way wealth management firms are trying to respond to civil unrest.

Like Father, Like Son (or Daughter): LPL’s Training Program a Popular Path for Advisors’ Kids

Nearly 40% of LPL’s training program participants have been children of advisors, so the IBD is evolving the offering accordingly.

Riskalyze Fintech Report Card: May 2020

Riskalyze CEO Aaron Klein gives the thumbs-up or thumbs-down on the biggest news to hit advisor technology in the previous month.

LPL Financial updates service center with new tech tools

From live chat to interactive voice response, the broker-dealer is hoping to enhance the adviser user experience

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U.S. Bank taps veteran wirehouse exec to head advisory unit

Beth Lawlor was named president of the bank’s private wealth management business

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Finra board approves enforcement tech upgrade

The panel also advanced a proposal to target exam cheating and pledged to increase the diversity of its membership

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BlackRock rolls out six ESG ETFs

The funds' debut follows BlackRock CEO Larry Fink's pledge in January to increase sustainable ETF offerings

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Few Advisors Plan for Their Own Demise

LPL program highlights the need for continuity planning in wake of an advisor's death. 'Whether on this side of the grave or the other, we never want to leave our clients floundering.'

UBS team managing $400 million creates RIA

Interchange Capital Partners in Pittsburgh, Pa., will use Pershing and Dynasty Financial Partners

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Annuity sales back on track by 2022: Report

Economic conditions have made the products less attractive than they were last year, with one exception

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Wells Fargo sells $3 billion alternatives platform to iCapital

Following an industry trend, the bank will leverage iCapital's technology to offer a white-label platform to clients

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Wells Fargo Becomes iCapital Network Investor

iCapital Network is buying an alts investment fund platform from the bank. Wells Fargo, in turn, is investing in the fintech.

After almost a decade of fighting, the SEC and Ray Lucia finally settle

The "Buckets of Money" adviser can apply to work in the securities industry again

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What to Look for in a B/D’s Succession Planning Support

Advisors are increasingly reluctant to sell during this period of disruption and uncertainty without a greater level of commitment and ongoing support from their firms.

How to Make Goal Setting a Habit

Repetition is the key to aligning your conscious and subconscious mind.

Ex-Morgan Stanley diversity chief sues for alleged race discrimination

Marylin Booker accuses the company of failing to support black advisors and criticizes its use of mandatory arbitration to settle employee disputes.

Wells Fargo taps new head of wealth management group

Barry Sommers takes over for Jon Weiss, who was promoted earlier this year

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Steward Partners Attracts First Team to 1099 Model

The firm has added Plaza Advisory Group, an advisor team with $1.2 billion in client assets, the first to join its new independent contractor model.