News

Diversity, equity and inclusion: Why I care

Take steps to get to know other cultures and diverse groups, and learn how you can best support them

The post Diversity, equity and inclusion: Why I care appeared first on InvestmentNews.

Advisers should use 2020 lessons to grow firms next year

Improving communications and tech will be key to adding clients and prospects in 2021, according to InvestmentNews webcast panelists

The post Advisers should use 2020 lessons to grow firms next year appeared first on InvestmentNews.

Fund Administrator Nottingham Files to Convert Mutual Funds to ETFs

The Nottingham Company said it expects one of Adaptive Investments' mutual funds to be converted to an ETF in January.

State Street looking at options for asset management unit

The company has evaluated potential combinations with the asset management operations of rivals

The post State Street looking at options for asset management unit appeared first on InvestmentNews.

7 teams with $1.1B go indie with Raymond James enterprise

The OSJ scooped up teams from Edward Jones, Wells Fargo Advisors and Wedbush Securities.

Raymond James to buy $35B retirement plan firm

The latest deal by a wealth manager for an employee services firm enables the Raymond James Private Client Group to expand its reach.

Adviser moves are hopping as 2020 — finally — comes to a close

Advisers are dashing for the door before the end of an eventful year turned upside down by COVID-19

The post Adviser moves are hopping as 2020 — finally — comes to a close appeared first on InvestmentNews.

Twenty-five Passports HNW Clients Are Hoping to Find Under the Tree

Citizenship by investment programs can drastically speed up the process.

Avantax Wealth Management Launches New Affiliation, Referral Businesses

Avantax recently added new CPA referrals for advisors at the IBD as well as those affiliating under a new, full-time employee model.

Envestnet and Vestwell Are Teaming Up

Envestnet and Vestwell are partnering to provide support, recordkeeping and administrative services to advisors working with retirement plans.

Spouting Rock quadruples AUM with Penn Capital acquisition

The asset management firm is looking to roll up boutique asset managers onto a single platform

The post Spouting Rock quadruples AUM with Penn Capital acquisition appeared first on InvestmentNews.

Eight Must Reads for the CRE Industry Today (Dec. 12, 2020)

Democrats in Congress have launched an investigation into the Kushner Co.’s deal on a New York office tower, reports Bisnow. One third of commercial leases since March mention pandemics as a force majeure event, more than double for leases inked prior to COVID-19, according to Law360. These are among today’s must reads from around the commercial real estate industry.

Unsold U.S. Hotel Rooms Near 1 Billion as Lodging Crisis Deepens

More than 962 million hotel room nights have gone unsold through last week, up 46 percent from last year.

Keeping clients’ retirement plans on track amid uncertainty

Your guidance can help clients focus on the fundamentals when making financial decisions, regardless of the markets, the economy or partisan politics

The post Keeping clients’ retirement plans on track amid uncertainty appeared first on InvestmentNews.

SEC member Crenshaw says agency should provide guidance on Reg BI

Democratic commissioner says the SEC should define ‘best interest,’ clarify conflict mitigation related to Reg BI

The post SEC member Crenshaw says agency should provide guidance on Reg BI appeared first on InvestmentNews.

Crenshaw: SEC Under Biden Likely to Tighten Up ESG Disclosures

Speaking at the Consumer Federation of America's Financial Services Conference, the Commissioner also said more Reg BI data is needed to gauge its effectiveness, but a strong fiduciary standard was critical.

Financial services industry could face another wild ride in 2021

There are still plenty of challenges and potential changes on the horizon. Here’s what to watch for.

Can LPL's $300M deal transform an asset manager's distribution channel?

Waddell & Reed had been working in recent years to transform its “proprietary broker-dealer into a fully competitive independent wealth manager.”

Geneos Wealth Management CEO Russell Diachok Retires From Post

Diachok’s nephew, Ryan Diachok, current president of Geneos, has taken over the CEO duties.

11 Must Reads for the CRE Industry Today (Dec. 11, 2020)

The Wall Street Journal looks at Airbnb’s rising IPO valuation. The New York Times and the Washington Post examine the consequences of the stalled stimulus package and how states are trying to mitigate the damage. These are among today’s must reads from around the commercial real estate industry.