News

Creative Planning acquires $600 million RIA

Thun Financial Advisors specialize in serving U.S. citizens who live overseas

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SEC extends remote work policy amid rising coronavirus cases

The 4,000-person regulator in March was one of the first federal agencies to tell employees to stay home due to the public health emergency.

Wells Fargo hits rock bottom. Can It Get Worse?

The bank has been in turmoil relative to peers for years. The economic fallout from the coronavirus pandemic only made matters worse.

Ameriprise sues ex-broker over $700K bonus clawback

Earlier this year, FINRA arbitrators granted the former advisor’s expungement request, but still sided with the firm on its demands for repayment of two promissory notes.

401(k) arbitration agreements still not mandatory

Sponsors have interest in adding them to their retirement plan documents, but the courts are up in the air, lawyers said

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Biden’s economic and tax plans draw mixed reviews from advisers

The presumptive Democratic presidential nominee would raise capital gains taxes

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Wells Fargo Profit Plunges 70% in Wealth and Investment Management

Wells Fargo's wealth unit reported net income of $180 million during the second quarter, down 70% year over year and 61% sequentially, as advisor head count continues to shrink.

SEC charges cryptocurrency app Abra with unregistered swap transactions

The startup allegedly offered and security-based swaps to retail investors without registration

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Kamila McDonnough elected CFP Board Chair-elect

The president of the advisory firm GRID 202 Partners will take the top post in 2022

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Advisers should aspire to the endowment investment model

There are benefits for advisers that create more than just a balanced portfolio for clients

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Wells Fargo reports drop in advisers, assets for Q2

Wells Fargo Advisors says it is focused on hiring bigger producing teams

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Morningstar’s ByAllAccounts Integrates With MaxMyInterest

MaxMyInterest’s current cash return yield is 1.05% and is FDIC-insured.

CFP Board Elects First Black Woman Board Chair-Elect

Kamila McDonnough, the president of an RIA firm and a member of the CFP Board, will take over the role of Board Chair in 2022, becoming the first Black woman to do so.

Sustainability concerns behind Burger King’s new Whopper

Lemongrass-fed cattle expected to emit a third fewer greenhouse gases

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Life Insurance During the Pandemic

How to handle possible changes in the industry due to COVID-19.

JPMorgan’s record trading helps ease pandemic’s toll

It’s the second consecutive quarter that trading set a record, as the bank’s Wall Street unit is helping prop up the consumer-lending division.

After a choppy start, RIA M&A regains momentum in 2020

More and larger deals suggests the second half could reach record levels

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Wells Fargo wealth profit plummets 70% in ‘extremely' disappointing quarter

“Overall there were not many positive data points to hang your hat on,” according to analysts. Advisor headcount, net interest income and assets were down.

Creative Planning Acquires RIA Serving Expats

The deal with Thun Financial Advisors, an RIA with $600 million in assets, expands Creative Planning’s cross-border advising services.

Redtail CEO Brian McLaughlin Joins Riskalyze Board of Directors

Andy Swan, co-founder of LikeFolio, and Ryan Shanks, co-founder and CEO of FA Match, will no longer serve on the board.