News

Brookstone Capital and FormulaFolios Merge to Form $6.5 Billion RIA

Synergies in technology and investment strategy are cited as reasons behind the move.

PPP loans and advisors: 5 key takeaways

Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.

Wells Fargo readying thousands of job cuts to start in 2020

The move would potentially set a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.

RBC pulls in two advisors managing $550M

They left Merrill Lynch and Wells Fargo to join their new firm.

A tale of two PPP loans

Small broker-dealers lined up for the free cash -- but did all of them use it as intended?

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House funding bill would halt SEC proposal to expand access to private markets

Democratic legislators want the agency to collect data on the impact of promoting unregistered securities

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Social distancing weighs on advice business: survey

Prospecting is now more difficult, and advisers said they are less effective at selling products, a report from Limra and others shows

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Invesco hitches wagon to Fidelity’s semitransparent ETF technology

The unique new exchange-traded fund wrapper is slowly gaining steam

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Nuveen’s junk muni fund received $1B lifeline from TIAA

Mass exodus from the market has forced managers to dump securities to raise cash, sending prices tumbling the most in at least four decades.

Vanguard expands ESG ETF suite to include corporate bonds

The new fund is designed to fill a gap in the growing ESG market

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Wealthy clients get richer, and frustrated with fees

Affluent investors are concerned about transparency, performance and value, according to a new report by Capgemini.

How to draw the line when clients challenge your approach

In your discussion, validate the forces driving the client's discomfort, confirm that you hear what they're saying and explain why the current strategy remains best suited for them

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Where are the customers’ yachts? 2020 version

Should advisory firms take forgivable PPP loans when they didn't suffer any interruption in their revenue?

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Twenty Over Ten Unveils Facebook Integration

The marketing firm released a series of accelerated developments designed to meet advisors' digital goals.

World’s Rich Are Spending the Pandemic Weighing Succession

Billionaires will transfer more than $2 trillion within the next two decades, and the virus is helping to accelerate that shift.

Reality Shares Adds Tyrone Ross to Board of Directors

Ross, an outspoken voice on bitcoin and cryptocurrency issues facing financial advisors, will work with Reality Shares to improve the industry’s access to blockchain and digital asset investments.

KKR to buy Global Atlantic, adding almost $90B in assets

Its rivals have been building out their own insurance arms in recent years and have brought on executives who can help them attract more business.

Al Gore: COVID-19 might be jolt needed to redesign global economy

Former vice president and chair of Generation Investment Management discusses sustainability trends

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Mutual fund giant Janus Henderson finds a stock to love: Its own

The firm announced plans in March to acquire $200 million of its stock and has been in the market on average once every three trading days since.

Richest investors balking at fees

Capgemini survey shows a third of wealthy clients worldwide are uncomfortable with costs

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