News

Senate passes changes to Paycheck Protection Program

The bill, which passed the House last week on a 471-1 vote, now heads to President Trump’s desk for his signature.

‘Decarcerate’ portfolios: Planner exhorts advisors to help defund mass imprisonment

An advisor whose family has been “irrevocably harmed by police brutality” calls on industry peers and their clients to spark positive change.

How many black planners? CFP Board will answer upon request

The data on black and Latino advisors helps track the industry’s progress amid nationwide Black Lives Matter protests.

Prioritization and Training Key for Reg BI Preparedness

Many Reg BI tools from vendors are coming too late to meet the end-of-month deadline for compliance, according to a SIFMA panel.

How did funds with low ESG risk perform over the long term?

The answer is unequivocal, according to one expert.

Raymond James Launches New Pride Network

Raymond James has launched a network of advisors to support the LGBTQ+ community.

LPL Seeks Co-Head of New Employee Advisor Channel

The individual will be responsible for relationship building and P&L for LPL’s new W-2 affiliation model, seeded by the acquisition of Allen & Co.

DOL encourages use of private equity funds in retirement plans

Investor advocates warn high-risk, high-fee investments could harm savers

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Fund manager indicted over $68 million fraud scheme

Brenda Smith of Philadelphia diverted tens of millions of dollars from Broad Reach Capital, according to the charges

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Raymond James sues Ohio National for $10 million in VA commission fight

Raymond James is the latest broker to join the tussle over compensation on the insurer's variable annuities

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Nationwide protests over race highlight hurdles faced by non-white advisers

As racial injustice fires up protesters and looters, financial advisers face the fallout with clients whose small businesses experience economic loss

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Nationwide protests over race highlight hurdles faced by nonwhite advisers

As racial injustice fires up protesters and looters, financial advisers face the fallout with clients whose small businesses experience economic loss

The post Nationwide protests over race highlight hurdles faced by nonwhite advisers appeared first on InvestmentNews.

Franklin CEO Has ‘Zero Tolerance’ for Racism After Cooper Firing

Jenny Johnson, chief executive officer of Franklin Resources Inc., said the company is reviewing its diversity and inclusion efforts.

Goldman Sachs Names Ross N.Y. Region Head of Wealth Management

Nicole Pullen Ross succeeds Gary Giglio, who’s stepping down July 1 to focus on charitable causes, including LGBTQ and veterans’ issues.

Medicare enrollment goes online during pandemic

Job loss is reason to appeal a Medicare surcharge, but skipping a required minimum distribution is not

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Michael Kitces' #FASuccess Podcast: Talking Career Changing with Sara Stanich

Cultivating Wealth founder Sara Stanich talks in-depth about her journey through the advisory industry.

Does the financial services industry want minority clients?

Advisor Zaneilia Harris has come to a bleak conclusion.

Timing is Everything When It Comes to Self-Dealing Rules

Private letter ruling should provide comfort to fiduciaries interacting with private foundations.

In case you missed it …

If you missed last week’s issue, you can access it here.

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