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Captrust acquires $3.7 billion San Antonio-based RIA
NEWS RIAS AUG 22, 2019
Captrust acquires $3.7 billion San Antonio-based RIA

South Texas Money Management has 60 employees and offices throughout Texas.

Muni-bond refinancing surges as yields hold near a record low
INVESTING FIXED INCOME AUG 22, 2019
Muni-bond refinancing surges as yields hold near a record low

The jump is a welcome shift for Wall Street underwriters and mutual-funds that have cash they need to invest.

Vanguard social-investing error prompts funds to check controls
INVESTING ESG AUG 22, 2019
Vanguard social-investing error prompts funds to check controls

The mishap raises new questions about how ETF managers monitor the indexes that underlie their portfolios.

Fidelity says number of 401(k) millionaires hits record high
RETIREMENT RETIREMENT PLANNING AUG 21, 2019
Fidelity says number of 401(k) millionaires hits record high

Employee savings rate also hit a record in Q2 at 8.8%

Canton, Ohio-based RIA to acquire $240 million crosstown firm
NEWS RIAS AUG 21, 2019
Canton, Ohio-based RIA to acquire $240 million crosstown firm

Combined RIA firm will have nearly $1 billion in discretionary assets.

SEC bars Financial Sherpa head for cherry-picking trades
NEWS RIAS AUG 21, 2019
SEC bars Financial Sherpa head for cherry-picking trades

James L. Beyersdorf also will disgorge $232,000 and pay $189,000 in fines.

SEC affirms its authority over proxy advisory firms that CEOs hate
INVESTING EQUITIES AUG 21, 2019
SEC affirms its authority over proxy advisory firms that CEOs hate

Commissioners vote 3-2 to issue guidelines on fund managers' responsibilities in dealing with proxy advisers

Jeffrey Epstein transferred $578 million to trust days before suicide
NEWS INDUSTRY NEWS AUG 20, 2019
Jeffrey Epstein transferred $578 million to trust days before suicide

Bewildered 11th-hour executor says he has 'no intent' to serve for the Estate

As Wells Fargo seeks CEO, toll on stock hits $24 billion
YOUR PRACTICE PRACTICE MANAGEMENT AUG 20, 2019
As Wells Fargo seeks CEO, toll on stock hits $24 billion

Since the bank began its hunt for a leader to replace Tim Sloan, the stock has slipped into the red for the year

Finra fines former Morgan Stanley rep for impersonating a client
INVESTING MUTUAL FUNDS AUG 20, 2019
Finra fines former Morgan Stanley rep for impersonating a client

To transfer retirement funds, John Tillotson faked identity in call to mutual fund company.