News

Wells Fargo wealth profit plummets 70% in ‘extremely' disappointing quarter

“Overall there were not many positive data points to hang your hat on,” according to analysts. Advisor headcount, net interest income and assets were down.

Creative Planning Acquires RIA Serving Expats

The deal with Thun Financial Advisors, an RIA with $600 million in assets, expands Creative Planning’s cross-border advising services.

Redtail CEO Brian McLaughlin Joins Riskalyze Board of Directors

Andy Swan, co-founder of LikeFolio, and Ryan Shanks, co-founder and CEO of FA Match, will no longer serve on the board.

RIA M&A: Cash Deal Now, Or Opportunity Later?

Cash might be king, but accepting cash-heavy deals now may come at the opportunity cost of more options in the future.

RIA M&A: Cash Deal Now or Opportunity Later?

Cash might be king but accepting cash-heavy deals now may come at the opportunity cost of more options in the future.

Is Diversity and Inclusion a ‘Nice to Have’ or ‘Must Do’ for You?

Our profession is overwhelmingly white and male both by design and practice, which means that it needs to change.

RIA M&A Activity Hit Lows, Highs in Q2

In its second quarter M&A report, Fidelity recorded just three RIA deals in April, yet activity spiked in June, with 14 deals across $20.6 billion in assets.

Lawmakers press Robinhood about investor protections on trading platform

Letter from Capitol Hill says the firm ‘must do better’ in the wake of the suicide of a user

The post Lawmakers press Robinhood about investor protections on trading platform appeared first on InvestmentNews.

Inside Edward Jones’ digital plan to reach 10 million clients

Chief information officer Frank LaQuinta reveals the firm’s $500 million acceleration strategy, plus how advisors are using technology during the coronavirus pandemic.

The 10 Best and 10 Worst Stocks for 2020

Through the first half of a volatile, even chaotic, year in the markets, some patterns have emerged.

Robinhood raises $320M in latest funding push

The latest cash influx values the fee-free trading app at $8.6 billion.

Breakaway signs up accountants, bookkeepers and advisors as virtual CFOs

Startup Breakaway Bookkeeping & Advising is building a network of finance professionals to act as virtual CFOs for small-business clients.

Commonwealth Spinoff Advisor360° Names Four Key Executives

Fresh blood with big enterprise experience—from outside the broker/dealer and RIA space—points to a big growth push.

Robinhood adds another $320 million in funding

The latest round of investments boosts the online trading app's valuation to $8.6 billion

The post Robinhood adds another $320 million in funding appeared first on InvestmentNews.

Steward Partners snags ex-UBS team, and a new divisional president

The advisors are based in Florida, while the new executive will oversee the New York tri-state area.

Wells Fargo bans TikTok over cybersecurity concerns

The bank identified a small number of employees with corporate-owned devices who had installed the video-sharing application

The post Wells Fargo bans TikTok over cybersecurity concerns appeared first on InvestmentNews.

Best practices for leveraging tech during the coronavirus era

Advisors who missed the “first-mover advantage” a decade ago could be in the catbird seat as all the rules change.

Girard Names David Geibel President

David Geibel is the new president of Girard, replacing Kevin Norris, who recently retired.

SEC: Crypto App Skirted Federal Securities Law

The SEC charged Abra and Plutus Tech with offering and selling security-based swaps to investors that were not properly registered, and committing these swaps outside proper securities exchanges.

Lawsuit against Plaid heightens focus on data privacy issues

A class action asserts that the data aggregator accesses more of consumers' bank account information than it needs and ultimately aims to sell the data to others. Plaid, which has agreed to be sold to Visa, denies the allegations.