News

Ex-Next Financial rep charged by Galvin with overselling REITs

The Secretary of the Commonwealth of Massachusetts takes another swipe at sales of high-priced products

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RBC recruits $750M advisor in latest grab

The new hire joins a fast-growing complex in Northern California.

Morgan Stanley to report on climate change impact of loans

The bank will also help develop a global accounting standard financial institutions can use to measure their impact on the climate

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Texas showdown between UBS and top-ranked advisor over $180M book

A lawsuit will turn on whether UBS can demonstrate that Alexandra Van Meurs violated contract agreements when she and her team jumped to Morgan Stanley.

IBD Elite 2020: Top 10 firms with the fastest growing payouts

The list shows how firms of all sizes face a pivotal balancing act in seeking to recruit and retain advisors.

ESG, active management poised to gain amid uncertainty

A survey of advisers' expectations for the next 12 months shows the only consensus is that there's a rocky road ahead

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Biogen faces class action over 401(k) fees

The company is among the latest targeted in a wave of ERISA litigation this year

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Broker Chased High Commissions From Illiquid REITS: Galvin

The Massachusetts commonwealth secretary’s Securities Division charged former NEXT Financial Group representative Charles Kulch with stuffing client accounts full of the high-risk, high-commission investments.

New York state legislature considers tax on stock trades

The pandemic has left the state facing a projected four-year deficit of $61 billion

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Meager savings led workers to tap retirement accounts, survey finds

COVID-19 could have long-term consequences for Americans' retirement security, says the Secure Retirement Institute

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Cure for Branch Exams During COVID-19: A Hybrid Approach

A hybrid examination would a viable, if temporary, approach to comply with regulations while protecting the health and safety of examiners, branch employees and advisors. 

The rich are looking to buy access to coronavirus-safe havens

“They’re now realizing: Let’s actually get the contingency plan in place,” said Dominic Volek, head of sales at Henley & Partners, the world’s biggest citizenship and residency advisory firm.

Accounting group offers free PPP loan forgiveness tool

Applicants who received funds can fill out forms on the AICPA site

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Hybrid managing $150 million at First Allied moves to LPL

Staples Financial, based in Inver Heights, Minnesota, is led by the son of its founder

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When can CFPs call themselves 'fee only'?

The widespread popularity of the compensation descriptor, long ballyhooed by RIAs, ultimately proved problematic for the CFP Board which has updated its standards.

Father-Son Team Departs Morgan Stanley to Form ShoreHaven Wealth Partners

Advisors Larry Durso, his son Michael and Michael Lombardi have partnered with Dynasty Financial Partners to launch their own RIA.

Gold Mid-Year Outlook 2020

Recovery paths and impact on performance.

Editor's Letter: Diversity and Inclusion in Wealth Management

Fables of the Reconstruction

The latest in financial adviser fintech – July 2020

We look at the big news, announcements and underlying trends in the world of technology solutions for financial advisers and wealth management!

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This RIA’s Niche: Helping the Wrongfully Convicted Build Secure Financial Futures

A&O Advisors helps exonerees who have won substantial civil settlements for the injustices they suffered build a financially secure future after years in prison.