News

Court upholding $6 million award against Credit Suisse could bolster clawbacks

Arbitration lawyer says decision sends signal to ‘Wall Street bullies’; Credit Suisse points to wins in other cases

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Gold’s 24% run attracts the attention of younger investors

The precious metal is uniquely suited to hedge the disruptions of 2020

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Timelineapp Announces $2 Million in Funding

FNZ is making another move in the U.S., leading the funding round and taking a minority stake in the firm.

Wirehouses race to upgrade adviser tech amid pandemic

Merrill Lynch, UBS and Wells Fargo have all adapted to an increase in digital adoption, according to second-quarter earnings reports

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Bad advice on TikTok: Can financial advisors fight back?

Venturing into the new social media platform, planners are encountering a deluge of misinformation, day trading and get-rich-quick schemes.

Stifel lands 4 ex-Wells Fargo advisors who managed $445M

Three of the quartet join the South Dakota office, while the fourth is in Washington state.

UBS pays $10M to resolve SEC 'flipping' charges

This is the latest case to involve improperly allocating bonds meant for retail customers and instead selling them to other market participants.

The Difference Between Healthy and Unhealthy RIA M&A

This year’s health crisis should be a wake-up call that appropriate plans are in place to support the long-term health of your company

Hybrid managing $160 million switches to LPL from Advisor Group

Cornerstone Financial Planning in Florida is led by a brother-sister team

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New York Advisor Sues Former Employer JPMorgan Chase over Severance Pay

Wells Fargo Managing Director Richard Sunwoo is going after JPMorgan for what he claims is some $340,000 in severance pay.

Goldman warns SEC proposal could shroud hedge-fund crowding

“The primary drawback of fewer hedge fund filings is lack of clarity around crowding risk,” strategists from the firm write.

LPL Attracts Cornerstone Financial Planning From Advisor Group

The brother/sister duo leading Cornerstone Financial Planning have about $160 million in assets under management, and will join the independent broker/dealer from Securities Service Network.

Difficult Conversations: When Your Clients' Views on Issues are Opposite Yours

We all need to do a little more listening to those whose beliefs differ from ours rather than dismissing them out of hand.

Silver ETF sees record inflow streak as investors hedge market recovery

There has been increased demand for havens amid a resurgence in coronavirus cases, flaring political tensions and a weaker dollar.

What financial markets should expect from a Biden presidency

A weaker U.S. dollar and a rollback of some of the 2017 tax cuts are just two possibilities, experts say.

Big buildup of savings could rein in rates

Deposits at commercial banks have risen 18% this year, to a record $15.6 trillion, and money-market fund assets are almost $1 trillion higher than before the pandemic

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Long Live Fund Fee Wars

The real winners of this war are investors who have more low-cost options.

How to Respond to the 5 Most Terrifying Words in Sales

There are right and wrong ways to answer when a prospect says, "Let me think about it."

The 20 ETFs with the Best Three-Month Runs

What pandemic? What recession? These funds—focused on clean energy, tech innovation and home construction—thrived over the past 90 days.

The Way We Were Is the Reason We Are the Way We Are

If we’re going to deal with diversity and inclusion seriously and holistically, then we must appreciate the actual causes of its absence.