News

In FINRA’s new crosshairs? Maybe not if you’re a large brokerage

Morgan Stanley asks court to throw out data security lawsuit

Savant to acquire $321 million RIA firm

The principals at Indiana-based Treybourne Wealth Planners will become Savant member owners.

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WEG to Acquire $1.1B Investor Solutions

Miami-based Investor Solutions is Wealth Enhancement Group’s first South Florida location.

Fine art lending thrives thanks to yield-hungry hedge funds

Bank of America Executive found dead, colleague charged with murder

Nine Must Reads for the CRE Industry Today (Aug. 13, 2021)

A survey by Morning Consult found that the majority of return-to-office plans remain unchanged, reports The New York Times. The Mortgage Bankers Association has released its latest multifamily lending report. These are among today’s must reads from around the commercial real estate industry.

Tax planning in uncertain times: 4 focus areas for advisors

GOP challenges SEC chief’s bid to regulate cryptocurrency

Rep. Patrick McHenry, R-N.C., argues that Gensler’s appeal to Congress for jurisdiction over cryptocurrency regulation is a 'power grab.'

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Pass rate for July CFP exam steady at 62%

The next exam, set for Nov. 2-9, will be offered both online and onsite.

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Report: Schwab's Cash Strategy Costs Investors—and Itself—Millions

Charles Schwab's robo strategy for cash cost investors millions in the past six years. It's also a missed revenue opportunity for the discount brokerage, according to Backend Benchmarking's Robo Report.

Senate vote gives advocates for real estate tax break hope of protecting it

Lawmakers could decide to limit like-kind property exchanges as a way to pay for Biden administration spending priorities.

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New York Blitzes $100,000 Earners With Remote-Worker Tax Audits

New York is a particularly assertive tax collector and has historically relied on field audits primarily of high-net worth individuals.

Oppenheimer & Co. Advisors Go Indie With LPL's Breakaway Affiliation Model

Tower 68 is LPL's 11th team to come through its premium affiliation model for wirehouse and regional broker breakaways.

Plaintiffs make a splash in SeaWorld 401(k) lawsuit

The class action calls out the plan's fees for investments, record keeping and financial advice.

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Woodbury, Hartford on hook in $100,000 claim after stepson steals from stepdad

Advisory firms for years have continued to be plagued by imposters seeking access to clients' accounts.

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Billionaire Steve Cohen Boosts Real Estate Bets at Family Office

Todd Kristol will be a partner and head of real estate, initially focusing on office, industrial, multifamily and retail properties.

Digital Bank Founder Worth $6 Billion to Donate Most of Fortune

Nubank’s David Velez and his wife, Mariel Reyes, committed to give most of their wealth to philanthropy.

Opendoor Seeks $2 Billion Credit Facility to Boost Homebuying

The company, which is rapidly accelerating the number of homes it purchases, plans to use the proceeds to help increase acquisitions.

Maryland securities chief to lead NASAA in 2021-22

Melanie Senter Lubin will start a one-year term as president of the North American Securities Administrators Association in September.

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