News

What Tesla’s entry into the S&P 500 means for portfolios

The move marks the single largest addition in the history of the index

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CFP Board Suspends Financial Planner’s License Over Child Porn Charges

Daryll D. Claxton of Havertown, Pa., is currently in jail, facing charges of more than 50 felony counts, primarily related to child pornography.

The State of the States: 2020

An update on key planning developments.

On the Cover: January 2021

Legal editor Anna Sulkin discusses this month's cover.

Note From the Editor: January 2021

Editor in Chief Susan R. Lipp discusses this month's issue.

The 11 Best Business Books of 2020 for Advisors

All the titles included here will sharpen the tools you use daily in your work.

Merrill Lynch duo managing $200 million joins indie team

Patrick Fontana and Michael Dunham move to Raymond James affiliate in Dallas

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Carbon offsets not helping climate if they aren’t sparking change

Rethinking the value of programs that pay landowners to plant trees, sometimes even if they did it a decade ago

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Robinhood isn’t gamifying the markets. It’s democratizing them

The fintech led a movement to virtually eliminate commissions, cut racial investing disparities in half and dramatically increase stock ownership among investors

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10 Must Reads for the CRE Industry (Dec. 19, 2020)

CVS Health and Walgreens have begun distribution of COVID-19 vaccines to residents and staff of long-term care facilities, reports CNBC. Flexible workspace provider Breather has laid off most of its staff and plans to shut more than 400 locations, according to Commercial Observer. These are among today’s must reads from around the commercial real estate industry.

300 advisors, $28.3B in client assets: The largest IBD moves of 2020

LPL Financial and indie rivals like Raymond James, Wells Fargo FiNet and Kestra Financial completed at least 17 recruiting grabs of $800 million or more this year.

2021 Newfleet Fixed Income Market Outlook

Wednesday, January 27, 2021 | 2:00 PM ET

‘Flash Boys’ led Robinhood founders to hide how firm made money

The revelation is buried in an SEC enforcement action that accused Robinhood of hiding for years how it made the bulk of its revenue.

NYC’s Plummeting Real Estate Sales Cost City $1.2 Billion

Sales of commercial and residential properties were down 49 percent year-to-date through November, according to REBNY.

Citadel trading chief says Tesla poses risk to other S&P 500 stocks

As funds that track the benchmark add the carmaker’s shares, they will dump an equal amount of stock in existing members, producing intense selling pressure

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BlackRock sees ‘advantageous’ trade in dividend stocks next year

Dividend payers are back in favor and may continue to beat bonds in a world of historically low rates

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Why Financial Advisors Should Consider Becoming ‘Financing Advisors’

Advisors sometimes need to be gently reminded to look at the big picture when it comes to client finances—including debt and financing—both sides of the balance sheet.

Riskalyze Fintech Report Card: November 2020

Riskalyze CEO Aaron Klein provides his take on the biggest news to hit advisor technology in the previous month.

Raymond James Announces Acquisition of Boutique Investment Bank

Following last week's deal to acquire NWPS, Raymond James said it's purchasing Financo, a boutique investment bank specializing in consumer and retail sectors.

Mother/Son Team Join LPL, Gladstone Wealth From Morgan Stanley

The new firm Homestead Wealth Management will be based out of Glendale, Ariz. The two advisors have about $150 million in advisory and brokerage assets under management.