News

SMArtX Adds Direct Private Investing Option

SMArtX Advisory Solutions is adding an alternative investment option from Deal Book.

Orion Adds Coronavirus, Inflation Offerings

Orion is adding a number of new models to its TAMP and model marketplace, including two focused on inflation and COVID-19.

IRS widens eligibility to undo RMDs

Those who took required minimum distributions in January are allowed to undo them, and the timeframe for doing so extends through Aug. 31

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DOL proposal could chill the use of ESG in retirement funds

The agency argued a fiduciary responsibility involves focusing solely on returns for participants

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Finra expels broker-dealer, but owner explores an appeal

Sandlapper Securities may have some fight left, says CEO Trevor Gordon

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ESG investors confront a diversity problem of their own

The industry’s lack of Black people and other minorities may explain why the world of social investing has fallen short on pushing corporations on race.

400 advisors, $26B in client assets: Massive breakaway RIAs show competitive recruiting fight in indie channel

LPL has reeled in about half of the reps changing their BDs so far this year, but the full RIA channel is also reaping big gains. Plus, other news in the indie space.

Report: Advisors Beware of Reg BI's Duty of Care Provision

A new report by Celent warns that broker/dealers and RIAs could face challenges meeting Reg BI's Duty of Care provision, among other concerns.

IRS Extends Rollover Deadline for Waived RMDs

Notice 2020-51 also gives guidance on required beginning dates and required minimum distributions.

Transparency with Diana B.: How John Hyland Fought Cancer and Won—Three Times

“I said, ‘Doc, am I going to live?’ And it was just silence. He finally says, ‘We have a lot of work to do.’ And that day was a tough day for me.”

RMD rollover relief granted under CARES Act

The rollover period has been extended to Aug. 31, allowing some clients to breath a sigh of relief.

ETF issuers face ‘major missed opportunity’ in model portfolios

As much as 86% of investors in a recent survey say they would prefer prefabricated fund packages, as long as they were properly spelled out by advisors.

Dynasty’s Pivot to Virtual Events

A roundup of how Dynasty and its partner advisors are using virtual events to engage clients and prospects.

BlackRock, New Jersey sued for alleged discrimination and theft

Asset manager Blueprint Capital Advisors claims they stole confidential business information and discriminated against the Black-owned firm.

Ways asset managers can adjust to ‘the new normal’

Leveraging big data, machine learning and artificial intelligence will extend stock selection beyond its current capabilities, according to Procure Holdings President Bob Tull.

Social Security withholds retroactive retirement benefits

The agency is delaying lump-sum payouts of back benefits amid the pandemic

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Aon jumps into pooled employer plan market

The company will be one of the first provide the plan type outlined in the SECURE Act

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The future of 401(k) plans looks bright

But only if retirement plan advisers lead the way

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DOL Puts Guardrails Around Use of ESG in Private Retirement Plans

The Department of Labor has proposed a new rule that would require more analysis and documentation around ESG investments in private retirement plans.

ETNs face crisis of confidence

Credit Suisse’s decision to delist nine exchange-traded notes worth nearly $3 billion points to an existential crisis in this sector of the ETF market

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