News

DOL’s stance on ESG in 401(k)s could be difficult to undo

Only 0.1% of plan assets are in ESG-specific funds, but many, if not most, investment products have integrated ESG criteria

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RBC Adds Largest St. Louis Team From Morgan Stanley

The Market Street Group, with about $500 million in client assets, moves over from Morgan Stanley.

$500 million team joins RBC from Morgan Stanley

Market Street Group will join the office RBC recently opened in St. Louis

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Charles Schwab introduces online hub to tackle practice management

The Talent Resource Center gives advisers access to information on employee retention to succession planning

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CFP Board conducts background checks on 87,000 certificants

As part of its effort to strengthen enforcement, the board identified about 1,200 advisers who hold the CFP mark whose conduct merits further investigation

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Tax filing deadlines in the time of coronavirus

The extension also applies to Americans living abroad who would otherwise generally have had a filing deadline of June 15.

280 CapMarkets Rolls Out Straight-Through Processing

The fixed income-focused tech company has automated the processing of client transactions.

Berthel Fisher facing up to $2.5 million in legal, regulatory costs

The broker-dealer says it has more than $1 million in insurance to offset the expense

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Banks Get Easier Volcker Rule and $40 Billion Break on Swaps

The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. approved changes to the Volcker Rule Thursday that let banks increase their dealings with certain funds by providing more clarity on what’s allowed.

New CFP Board background checks turn up concerns. 1,240 to be precise

The board is “decisively moving away” from allowing advisors to self-disclose, CEO Kevin Keller says.

CFP Board Tightens Enforcement Ahead of Code of Ethics Implementation Date

As the result of background checks of all 87,000 CFPs, the group is now investigating 1,240 of them for possible misconduct.

Wells Fargo FiNet Adds $3.2 Billion in Recruited Assets Since March

The president of Wells Fargo’s independent unit, Kent Christian, details the firm's recruiting amid the pandemic.

An $18B debt ETF powers revamp of VIX-like rates gauge

Cboe’s first new entry will be a suite of four volatility indexes with different tenors based on the iShares 20+ Year Treasury Bond ETF.

14 ways the COVID-19 crisis might make life better

The pandemic will create ways for us to improve our lives and emerge stronger and better

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Technology still isn't bringing self-directed clients to advisors

Instead of “disrupting” finance, Cerulli research suggests all-in-one financial hubs may be the way forward.

The 20 Most Heavily Traded ETFs in the Past Month

The biggest ETFs—SPY, QQQ—were among those seeing the most trades over the past 30 days.

Getting Back Into a Marketing Rhythm

Focus on the activities you can control.

Advisor Group Launches Reg BI Compliance Dashboard

The eQuipt Dashboard provides features to assist advisors with new compliance provisions.

Apex launches white-label tech for front-office tools

The custodian launched the product after hearing from advisers about the challenges with working with multiple companies

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Disillusioned UBS vet bolts wirehouse, declares independence on 65th birthday

After logging 27 years at the firm, the advisor is starting his “next 25-year chapter” as an independent.