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Introducing the 2022 Excellence in Diversity, Equity & Inclusion honorees
YOUR PRACTICE PRACTICE MANAGEMENT APR 04, 2022
Introducing the 2022 Excellence in Diversity, Equity & Inclusion honorees

InvestmentNews is proud to present our fifth annual Excellence in Diversity, Equity and Inclusion Award individual winners and firm finalists. The 15 individuals and 15 firms are superstars when it comes to boosting awareness of the need and the importance of creating a more diverse financial advice profession.

The challenge of standing in a giant’s shadow
NEWS OPINION APR 04, 2022
The challenge of standing in a giant’s shadow

Which elements of a firm’s culture and principles that drove growth and which its visionary leader stood for and encouraged should be retained?

Court orders former investment adviser to pay $530,000 in fraud case
NEWS REGULATION AND LEGISLATION APR 01, 2022
Court orders former investment adviser to pay $530,000 in fraud case

Massachusetts adviser Richard Duncan got two clients to invest in a scam that originated in Turkey.

Court dismisses ERISA case against Principal
RETIREMENT RETIREMENT PLANNING MAR 31, 2022
Court dismisses ERISA case against Principal

The judge says the insurer didn’t violate its fiduciary duty by retaining agreed-upon investments.

LPL adds SMAs to model wealth platform
NEWS BROKER DEALERS MAR 31, 2022
LPL adds SMAs to model wealth platform

The addition permits advisers to create unified managed accounts for their clients.

Hightower takes stake in $2.7 billion RIA
NEWS RIAS MAR 31, 2022
Hightower takes stake in $2.7 billion RIA

Purchase, New York-based Altium Wealth Management specializes in direct indexing.

First Eagle Investments to acquire Napier Park Global Capital
NEWS INDUSTRY NEWS MAR 31, 2022
First Eagle Investments to acquire Napier Park Global Capital

Napier, which will operate as a wholly-owned unit, will broaden First Eagle’s capabilities in the alternative credit market.

Net contributions to target-date funds topped $170 billion in 2021
RETIREMENT RETIREMENT PLANNING MAR 31, 2022
Net contributions to target-date funds topped $170 billion in 2021

Roughly 86% of last year's net inflows went into collective investment trusts, which now hold 45% of total TDF assets.

Women-owned $220 million hybrid shifts to Commonwealth from Triad
NEWS ADVISOR MOVES MAR 30, 2022
Women-owned $220 million hybrid shifts to Commonwealth from Triad

Four-adviser Stonebridge Financial Planning Group, which is based in Orlando, Florida, specializes in working with women in transition.

Cresset hires advisers managing $800 million
NEWS ADVISOR MOVES MAR 30, 2022
Cresset hires advisers managing $800 million

Chris Georgopoulos joins in West Palm Beach, Florida, and Thomas McKeown joins in Chicago.