News

Adapt and Survive: 2020 Forces Adviser Embrace of Digital Tools

Advisers were quick to embrace new digital tools this year, new research shows. Firms tried a number of tactics to get everyone on board.

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21 people who will change wealth management in 2021

Regulatory shifts, M&A, new technology — there’s a lot on the horizon for the industry.

State Street to explore options for asset management arm

The firm, which has more than $3 trillion under management, runs dozens of mutual funds and was a pioneer in index investing.

DOL limits retirement-plan proxy votes to those affecting financial returns

The move could curb shareholder actions related to sustainable investing

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A Letter From 9 Million U.S. Expats to Janet Yellen

The next Treasury secretary could make the lives of millions of Americans easier at no cost at all.

Psychedelics Replace Pot as the New Favorite Edgy Investment

Marijuana’s legal headway in recent years has paved the way for new interest in remedies typically relegated to the black market.

2020 year-end tax tips: What we do know and what we should know

Here are some obvious and not-so-obvious year-end tax tips to consider as we prepare ourselves and our clients for the new year.

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

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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

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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

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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

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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

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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.