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Team managing $250 million leaves Ameriprise for LPL
NEWS BROKER DEALERS OCT 20, 2021
Team managing $250 million leaves Ameriprise for LPL

The father-and-son Riolo Financial Group is based in New City, New York.

Nationwide, Capital Group create target-date with annuity
RETIREMENT RETIREMENT PLANNING OCT 19, 2021
Nationwide, Capital Group create target-date with annuity

The product, which will be offered in defined-contribution plans, is engineered to deliver 6% income at retirement.

SageView Advisory acquires $1.8 billion Michigan RIA
NEWS RIAS OCT 19, 2021
SageView Advisory acquires $1.8 billion Michigan RIA

The purchase of Bloomfield Hills Financial brings SageView 50 employees and six locations.

TD Bank to offer robo-adviser
YOUR PRACTICE FINTECH OCT 19, 2021
TD Bank to offer robo-adviser

The bank is strengthening its investment advice offerings by adding both a robo-adviser and a hybrid adviser.

Middle-class Americans are asset poor: Report
RETIREMENT RETIREMENT PLANNING OCT 18, 2021
Middle-class Americans are asset poor: Report

The National Institute on Retirement Security found the middle class can longer afford retirement, according to a new report.

Nominations are open for InvestmentNews Excellence in Diversity, Equity & Inclusion Awards
YOUR PRACTICE PRACTICE MANAGEMENT OCT 18, 2021
Nominations are open for InvestmentNews Excellence in Diversity, Equity & Inclusion Awards

Know someone who's a role model for individuals and a driving force to building a diverse and inclusive culture within the financial advice profession, or a firm that’s making efforts to foster diversity, equity and inclusion? InvestmentNews is accepting nominations for The Excellence in Diversity, Equity & Inclusion Awards. The current deadline has been extended to January 31.

Merrill Lynch adviser managing $150 million opts for LPL
NEWS ADVISOR MOVES OCT 18, 2021
Merrill Lynch adviser managing $150 million opts for LPL

Peter Shunyia in Troy, Michigan, has affiliated through a super office of supervisory jurisdiction.

Target-date funds — why the sudden hate?
THE INVESTMENTNEWS PODCAST OCT 18, 2021
Target-date funds — why the sudden hate?

Target-date funds have come under fire recently, with comments made by Peter Mallouk disparaging the products. Jason Kephart joins the pod today to discuss what's up with TDFs. Devin McGinley also joins to share the latest from the 2021 InvestmentNews compensation and staffing study.

Schwab posts record earnings as retail trading powers on
NEWS INDUSTRY NEWS OCT 15, 2021
Schwab posts record earnings as retail trading powers on

Customers added 1.2 million retail brokerage accounts during the third quarter, almost double the number added in the year-ago period.

Goldman Sachs traders deliver surprise surge
NEWS INDUSTRY NEWS OCT 15, 2021
Goldman Sachs traders deliver surprise surge

The firm's trading operation posted a 23% increase in revenue, while its consumer and wealth management business pulled in $2.02 billion, up 16% from a year earlier.