New York

» Auto updated continuously

• Source limited to: InvestmentNews.com

 2020-12-04 18:10 

InvestmentNews.com

Goldman Sachs underscores focus on RIAs with sale of Folio retail unit...

The sale of 70,000 Folio retail accounts deepens the Goldman Sachs reach into the independent advisory channel, analysts say.The sale of 70,000 Folio retail accounts deepens the Goldman Sachs reach into the independent advisory channel, analysts say....

 2020-12-04 06:10 

InvestmentNews.com

'Booyah!' LPL scores win with Waddell & Reed deal, analysts say...

The largest broker-dealer, LPL Financial, picked up 900-plus advisers in the Waddell & Reed deal, but most importantly at the right priceThe largest broker-dealer, LPL Financial, picked up 900-plus advisers in the Waddell & Reed deal, but most importantly...

 2020-12-04 06:10 

InvestmentNews.com

Advisers are adopting fee-for-planning models — and charging accordingly...

As more clients engag with financial planning, advisers are increasing fees and evolving the way they charge for their services, according to new research.As more clients engag with financial planning, advisers are increasing fees and evolving the way the...

 2020-12-04 06:10 

InvestmentNews.com

Hightower lands additional funding from Thomas H. Lee Partners...

In addition to the Hightower funding, Thomas H. Lee established a new investment vehicle including a fund advised by Goldman Sachs.In addition to the Hightower funding, Thomas H. Lee established a new investment vehicle including a fund advised by Goldman...

 2020-12-04 06:10 

InvestmentNews.com

ESG pioneer tells financial advisers to get on the bandwagon...

Sustainable investing pioneer Amy Domini kicked off the InvestmentNews ESG Summit & Film Festival this week by sending the message that ESG is here to stay.Sustainable investing pioneer Amy Domini kicked off the InvestmentNews ESG Summit & Film Festival t...

 2020-12-04 06:10 

InvestmentNews.com

Clients' charitable interests provide openings for ESG conversations...

Investing using environmental,social and governance criteria is as much about returns as about values, say participants at InvestmentNews' ESG Summit.Investing using environmental,social and governance criteria is as much about returns as about values...

 2020-12-04 06:10 

InvestmentNews.com

Boston FiNet team managing $3.75 billion becomes RIA...

Mayflower Advisors, which managed $3.75 billion as a hybrid affiliate of Wells Fargo Advisors Financial Network, has become an independent RIA.Mayflower Advisors, which managed $3.75 billion as a hybrid affiliate of Wells Fargo Advisors Financial Network,...

 2020-12-03 18:10 

InvestmentNews.com

Debut ETF issuers hit record this year...

New rules that made launches easier and the SEC's approval of nontransparent funds have inspired 14 new firms to enter the ETF market this year.New rules that made launches easier and the SEC's approval of nontransparent funds have inspired 14 new...

 2020-12-03 18:10 

InvestmentNews.com

Americans experiencing high levels of financial stress, CFP Board finds...

As the COVID-19 pandemic continues to batter the nation, 54% of Americans say they are experiencing high or very high levels of stress.As the COVID-19 pandemic continues to batter the nation, 54% of Americans say they are experiencing high or very high le...

 2020-12-03 18:10 

InvestmentNews.com

Guess what? Most Vanguard investors are Steady Eddies...

A new analysis of 5 million of the fund company's retail clients finds their portfolios are diversified and they don't trade much.A new analysis of 5 million of the fund company's retail clients finds their portfolios are diversified and they ...

 2020-12-03 18:10 

InvestmentNews.com

Think digital: Upgrading the client experience in 2021...

The advice industry needs to catch up to Amazon in terms of client experience in 2021, says Pershing's Christina Townsend.The advice industry needs to catch up to Amazon in terms of client experience in 2021, says Pershing's Christina Townsend....

 2020-12-03 06:10 

InvestmentNews.com

LPL to scoop up 900 Waddell & Reed advisers in latest deal...

The acquitision of Waddell & Reed will cost LPL Financial $300 million and represents a total of $63 billion in client assets.The acquitision of Waddell & Reed will cost LPL Financial $300 million and represents a total of $63 billion in client assets....

 2020-12-03 06:10 

InvestmentNews.com

Fund companies see target-dates adding annuities in future: Report...

The vast majority of target-date fund managers expect annuities and managed payout options to be incorporated into the products in the near future.The vast majority of target-date fund managers expect annuities and managed payout options to be incorporate...

 2020-12-03 06:10 

InvestmentNews.com

Record-shattering flows into stock ETFs leave bond funds in dust...

Equity exchange-traded funds have overtaken their fixed-income peers when it comes to inflows this year thanks to November's epic stock rally.Equity exchange-traded funds have overtaken their fixed-income peers when it comes to inflows this year thank...

 2020-12-03 06:10 

InvestmentNews.com

Fund sponsor M&A makes retirement CIO jobs more complicated...

Mergers of fund management companies have been occurring frequently, and each time one happens, it creates a lot of work for chief investment officers.Mergers of fund management companies have been occurring frequently, and each time one happens, it creat...

 2020-12-03 06:10 

InvestmentNews.com

Two top B-D executives behind SPACs to buy RIAs and fintechs...

Two top B-D execs have prominent roles at two new companies that recently raised millions of dollars to chase deals involving fintech firms and RIAs.Two top B-D execs have prominent roles at two new companies that recently raised millions of dollars to ch...

 2020-12-03 06:10 

InvestmentNews.com

J.P. Morgan Asset Management to acquire fintech 55ip...

J.P. Morgan Asset Management is acquiring 55ip in a deal that will expand access to model portfolios and automated tax technology for its advisers.J.P. Morgan Asset Management is acquiring 55ip in a deal that will expand access to model portfolios and aut...

 2020-12-03 06:10 

InvestmentNews.com

FMG Suite acquires digital marketer Twenty Over Ten...

The acquisition closes during a year when the largest planned increase in spending is expected to be in digital marketing.The acquisition closes during a year when the largest planned increase in spending is expected to be in digital marketing....

 2020-12-03 06:10 

InvestmentNews.com

CIOs live in a world of nonstandard data...

The biggest headache that many retirement company chief investment officers face is nonstandard data from numerous sources.The biggest headache that many retirement company chief investment officers face is nonstandard data from numerous sources....

 2020-12-02 18:10 

InvestmentNews.com

SEC charges boiler room operator with $2.1 million fraud...

The SEC charged Mark Alan Lisser with fraud for operating boiler rooms through which he raised about $2.1 million and misappropriated more than $900,000.The SEC charged Mark Alan Lisser with fraud for operating boiler rooms through which he raised about $...

 2020-12-02 18:10 

InvestmentNews.com

Spike in Treasury yields risks sparking domino effect...

A spike in Treasury yields has investors mapping the impact rising rates could have on markets ranging from stocks to corporate bonds.A spike in Treasury yields has investors mapping the impact rising rates could have on markets ranging from stocks to cor...

 2020-12-02 18:10 

InvestmentNews.com

Two big Seattle RIAs merge...

Two of Seattle's largest privately held registered investment advisory firms, Laird Norton Wealth Management and Filament, have merged.Two of Seattle's largest privately held registered investment advisory firms, Laird Norton Wealth Management and...

 2020-12-02 06:10 

InvestmentNews.com

Finra slaps reps who carried client information out the door...

Finra last week fined and suspended two registered reps for violating industry rules regarding how firms and brokers treat private client information.Finra last week fined and suspended two registered reps for violating industry rules regarding how firms ...

 2020-12-02 06:10 

InvestmentNews.com

Focus Financial firm to acquire $723 million RIA...

Horan Capital Management, an RIA in Maryland, is being purchased by Connectus Wealth Advisers, an international consortium owned in part by Focus Financial.Horan Capital Management, an RIA in Maryland, is being purchased by Connectus Wealth Advisers, an i...

 2020-12-02 06:10 

InvestmentNews.com

Advisers welcome additional educational requirements...

Advisers welcome a rule from state regulators that could require them to spend more time boning up on ethics, product developments and practice management.Advisers welcome a rule from state regulators that could require them to spend more time boning up o...

 2020-12-02 06:10 

InvestmentNews.com

Thomas Sporkin tapped by CFP Board to head enforcement...

Thomas A. Sporkin, who spent 20 years with the enforcement division of the SEC, will become the CFP Board's first managing director of enforcement.Thomas A. Sporkin, who spent 20 years with the enforcement division of the SEC, will become the CFP Boar...

 2020-12-02 06:10 

InvestmentNews.com

Companies that support LGBTQ-inclusive policies outperform: Credit Suisse...

Investment news and analysis for financial advisers. Extensive coverage and expert comment on important topics in the financial advisory industry....

 2020-12-02 06:10 

InvestmentNews.com

Financial advisers navigate the uncertainty of Biden's impact on markets, economy...

Advisers and clients wonder if there will be tax hikes under a Biden administration next year as two senate seats are undecided until January.Advisers and clients wonder if there will be tax hikes under a Biden administration next year as two senate seats...

 2020-12-01 18:10 

InvestmentNews.com

Hottest debate on Wall Street is Bitcoin versus gold...

Bitcoin shot to a record just as billions of dollars have fled gold, renewing arguments about whether the digital currency can rival gold.Bitcoin shot to a record just as billions of dollars have fled gold, renewing arguments about whether the digital cur...

 2020-12-01 18:10 

InvestmentNews.com

Focus Financial takes stake in $682 million RIA...

Focus Financial has made an investment in Kavar Capital Partners, a registered investment adviser managing $682 million in Leawood, Kansas.Focus Financial has made an investment in Kavar Capital Partners, a registered investment adviser managing $682 mill...

 2020-12-01 18:10 

InvestmentNews.com

Nasdaq plans to require more diversity on listed company boards...

Nasdaq Inc. asked the Securities and Exchange Commission for clearance to require more diversity on companies' boards of directors.Nasdaq Inc. asked the Securities and Exchange Commission for clearance to require more diversity on companies' board...

 2020-12-01 06:10 

InvestmentNews.com

Orion taps Ascensus veteran to expand 529 offering...

Orion plans to expand its footprint in the 529 plan industry and has hired a former Ascensus college savings executive to spearhead the effort.Orion plans to expand its footprint in the 529 plan industry and has hired a former Ascensus college savings exe...

 2020-12-01 06:10 

InvestmentNews.com

BlackRock, Vanguard not that supportive of shareholder ESG resolutions...

World's two biggest money managers supported less than a sixth of shareholder climate and social resolutions, despite commitments to combat climate change.World's two biggest money managers supported less than a sixth of shareholder climate and so...

 2020-11-30 18:11 

InvestmentNews.com

SEC settles with RIA involved in $3 million Ponzi scheme...

A California federal court entered final judgments against Craig Rumbaugh and two companies he owns in a case involving their role in a Ponzi scheme.A California federal court entered final judgments against Craig Rumbaugh and two companies he owns in a c...

 2020-11-30 18:11 

InvestmentNews.com

Tesla FOMO puts focus on direct indexing...

The electric car maker is about to join the S&P, but investors in S&P 500 index funds have missed a huge rally in the company's shares.The electric car maker is about to join the S&P, but investors in S&P 500 index funds have missed a huge rally in th...

 2020-11-30 18:10 

InvestmentNews.com

San Diego hybrid managing $250 million returns to LPL...

Nautica Wealth Advisors, a hybrid managing $250 million in San Diego, has returned to LPL Financial after being affiliated with Cetera for three years.Nautica Wealth Advisors, a hybrid managing $250 million in San Diego, has returned to LPL Financial afte...

 2020-11-30 18:10 

InvestmentNews.com

S&P to buy IHS Markit for $39 billion...

S&P Global agreed to buy IHS Markit for about $39 billion, in a deal that accelerates consolidation among the finance industry's biggest data providers.S&P Global agreed to buy IHS Markit for about $39 billion, in a deal that accelerates consolidation...

 2020-11-30 18:10 

InvestmentNews.com

401(k) litigators target Coca-Cola bottler...

The largest U.S. Coca-Cola bottling company faces a class-action lawsuit over its 401(k) plan, including allegations it allowed excessive fees.The largest U.S. Coca-Cola bottling company faces a class-action lawsuit over its 401(k) plan, including allegat...

 2020-11-29 18:09 

InvestmentNews.com

ESG, News...
 2020-11-26 06:08 

InvestmentNews.com

Two sponsors settle 401(k) cases, Victoria's Secret owner sued...

A grocery chain is paying $17.5 million to settle claims it mismanaged its 401(k), and Teva Pharmaceuticals will pay $2.55 million to settle a 401(k) suit.A grocery chain is paying $17.5 million to settle claims it mismanaged its 401(k), and Teva Pharmace...

 2020-11-25 18:08 

InvestmentNews.com

Mobile app usage up, client satisfaction down: J.D. Power...

Chase and Wells Fargo mobile app satisfaction ranked higher than competing offerings from Schwab and Merrill Lynch, according to new research.Chase and Wells Fargo mobile app satisfaction ranked higher than competing offerings from Schwab and Merrill Lync...

 2020-11-25 18:08 

InvestmentNews.com

Labor Department sends fiduciary rule update to OMB...

Labor sent its latest version of the fiduciary rule update to OMB, but the timing makes easy nullification possible by the incoming Biden administration.Labor sent its latest version of the fiduciary rule update to OMB, but the timing makes easy nullifica...

 2020-11-25 18:08 

InvestmentNews.com

Gig workers could get stock under SEC proposal...

The SEC's proposed rule would let drivers, people who deliver food and other gig workers receive up to 15% of their compensation in shares.The SEC's proposed rule would let drivers, people who deliver food and other gig workers receive up to 15% o...

 2020-11-25 06:08 

InvestmentNews.com

JPMorgan Chase penalized $250 million for risk management failings...

The OCC slapped JPMorgan Chase with a $250 million civil for risk management and other control failings in its asset and wealth management business.The OCC slapped JPMorgan Chase with a $250 million civil for risk management and other control failings in ...

 2020-11-25 06:08 

InvestmentNews.com

DOL lifetime income rule under fire from lawmaker...

Sen. Richard Neal, D-Mass., criticized the DOL lifetime income rule for not including an assumption that 401(k) balances appreciateSen. Richard Neal, D-Mass., criticized the DOL lifetime income rule for not including an assumption that 401(k) balances app...

 2020-11-25 06:08 

InvestmentNews.com

How advisers can advocate for gender lens investing...

Gender lens investing is poised to give advisers an edge as ESG assets soar, according to speakers at the InvestmentNews Women Adviser SummitGender lens investing is poised to give advisers an edge as ESG assets soar, according to speakers at the Investme...

 2020-11-24 18:08 

InvestmentNews.com

Janet Yellen at Treasury signals Biden's focus on boosting economy...

President-elect Joe Biden's selection of Janet Yellen as Treasury secretary signals that he plans to act aggressively to revive the world's biggest economy.President-elect Joe Biden's selection of Janet Yellen as Treasury secretary signals tha...

 2020-11-24 18:08 

InvestmentNews.com

BlackRock to acquire SMA provider Aperio for $1 billion...

Aperio manages about $36 billion in separately managed accounts and lifts total assets to $160 billion in SMA accounts at BlackRock.Aperio manages about $36 billion in separately managed accounts and lifts total assets to $160 billion in SMA accounts at B...

 2020-11-24 18:08 

InvestmentNews.com

Back-to-normal rally drives Dow above 30,000 for first time...

Speculation that vaccines and a peaceful presidential transition could move the economy back toward normal pushed the DJIA past 30,000 for the first time.Speculation that vaccines and a peaceful presidential transition could move the economy back toward n...

 2020-11-24 18:08 

InvestmentNews.com

CI Financial dominates RIA buyers with its 13th deal of 2020...

Toronto-based CI Financial is purchasing a majority stake in Dallas-based RGT Wealth Advisors, marketing CI's 13th acquisition of a U.S. RIA this year.Toronto-based CI Financial is purchasing a majority stake in Dallas-based RGT Wealth Advisors, marke...

Page 1 of 4

  • Need an account?  
    or