News

Advisor’s “LOL” Text Messages to Client Spell Trouble

Advisor Brian Doench’s recorded text messages to his client may work against him in court, legal observers say.

Impact-investing boom gives funding jolt to $1T asset manager

A typical investment for Nuveen's $5.8 billion impact investing unit these days ranges from $20 million to $60 million, says its co-head.

Making use of momentum

As the face of our profession continues to change, only those most adaptable to change will thrive

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Fund industry tries to clarify types of ESG funds

The Investment Company Institute is leading an effort to come up with definitions of the various approaches to sustainable investing

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SEC charges Michigan broker with taking $1.15 million from clients

Mark Hopkins, who was barred by Finra in 2019, said he would put the funds in an investment earning 6% or 7%

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The hunt for mega RIAs

Independent advisers are enjoying the attention of Wall Street, where some big banks are focused on acquiring privately held assets

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DOL’S ESG proposal would hurt retirement accounts

The proposal fails to account for evidence that long-term investors, like retirees, are likely to earn better returns

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An eye on tomorrow

Nominations are open for the sixth annual Women to Watch recognition program

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Democrats vow to scrap Reg BI in party platform

Financial advisers should be 'legally obligated' to put clients’ interests first, according to the draft document

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Bloomberg op-ed gets fast rebuke from 401(k) defenders

A column this week by former AQR managing director Aaron Brown questioned the benefits of 401(k)s

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506 advisors, $31.1 billion in client assets: LPL, Raymond James and Wells Fargo FiNet lead indie recruiting

The latest roundup of 32 IBD affiliation moves, M&A deals and expert studies reveals the mixed impact of the coronavirus.

What could upswing in coronavirus cases mean for advisor workspaces? Virtually anything

“It’s going to flip everything on its head,” says one XY Planning Network advisor.

Compliance fintech tackles Reg BI

Silicon Valley-based La Meer rolled out three online portals to help advisers comply with new regulations

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Matrix Trust Co. sued over alleged lack of 401(k) fee disclosure

The Broadridge affiliate has not filed notices required by the DOL, plaintiffs in a class-action lawsuit claim

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Female trio managing $280 million at UBS moves to Alex. Brown

The veteran advisers, natives of Venezuela, are based in Miami

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UBS’ private bank closure raises questions for elite advisers

Compensation and control over the client relationship are two key issues surrounding the shut down

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Miami Advisory Team Joins Raymond James' Alex. Brown From UBS

The all-women team has about $280 million in managed assets.

What to say when clients want to talk politics

Recognizing the elephant — and donkey — in the room can lead to a broader conversation about long-term investing

When clients want to talk politics

Recognizing the elephant — and donkey — in the room can lead to a broader conversation about long-term investing

DOL urged to address conflicts in pooled employer plans

But there is little consensus on how to do so, according to comment letters submitted this week to the regulator

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