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Navigating unexpected change

Here are three questions that can help guide us as we move forward on this new path

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Retirement planning fintech highlights tax impacts on clients

The Timelineapp tool helps advisers decide the best combination of tax-deferred and brokerage account withdrawals for clients

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Coronavirus Journal: Plans, Pivots and Parenting

Even with kids out of the house, advisor Heather Ettinger is finding that parenting her three young adult children through the crisis is more difficult than she imagined. But she does it—all while managing her firm.

Coronavirus pandemic a setback for fintech challengers? Big banks think so

Clients are gravitating toward the “biggest, stable institutions,” says Morgan Stanley CEO James Gorman.

SEC approves Finra rule setting minimum fee for expungement requests

New floor of about $8,300 is meant to end the ‘$1 trick’ for brokers seeking quick clearing of records

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Falling fund fees are forcing advisers to check under the hood

The trend toward lower fees saved investors nearly $6 billion last year, according to data from Morningstar

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Raymond James lands 10 advisors with more than $1.05 billion in AUM

Hailing from Merrill Lynch, Edward Jones and Waddell & Reed, the advisors join as both employees and independents

SEC Charges Trader in COVID-19 Blood Test 'Pump and Dump' Scheme

Jason C. Nielsen engaged in a 'pump-and-dump' scheme to boost interest in a biotech company in which he owned stock, hoping to sell his securities for a profit, according to a complaint filed by the SEC.

The online evolution of retirement plan practices

There are opportunities in the defined-contribution world in the wake of the pandemic

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Merrill Lynch bets on its next generation of advisers

The wirehouse is creating a new avenue for its 'client associates' to become full-fledged financial advisers

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More Companies Weigh Cutting 401(k) Match in Pandemic Pinch

As of late April, 12% of 816 companies representing 12 million workers had suspended matching contributions, according to a Willis Towers Watson survey. An additional 23% said they will or may halt them this year.

Few use CARES Act to tap retirement savings

Even though plan sponsors are offering easy access to retirement accounts, few workers have taken advantage of that

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Market Shouldn’t Fret Biden Presidency, Scowcroft Group Says

The resurgence in U.S. stocks from their Covid-19 crisis low in March, along with Biden’s recent strong polling numbers, have revived investor interest in the November election.

Family Offices Get Greater Access to Private Company Trades

Family offices are increasingly turning to private markets as they look for early access to hot startups and seek returns beyond those of publicly traded securities.

Captrust acquires $1.6 billion Indiana firm

This marks the third deal of 2020 for the $390 billion aggregator

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27-year industry veteran leaves Morgan Stanley for Wells Fargo FiNet

The newly independent advisor oversaw $92 million in client assets.

Rising rates may lead to Fed yield-curve control, Gundlach says

DoubleLine executive's comments come as the spread between 5- and 30-year Treasury yields hits its steepest level since 2016

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Transparency with Diana B.: Living With Type 1 Diabetes

COVID-19 has put the diabetic community on alert. Morgan Stanley’s Head of Philanthropy Management Melanie Schnoll-Begun, who has Type 1 diabetes, is in the thick of it.

Cheryl Nash’s Tegra118 Acquires RetireUp

Months after Fiserv’s wealth-tech business unit relaunched as Tegra118 under private equity firm Motive Partners, the firm is expanding retirement planning capabilities with RetireUp.

Bond market debates how to tame an unpredictable yield curve

How the Fed proceeds is key for investors who have plowed into steepening bets, a move that peaked with last week’s surge in 10- and 30-year yields.