Jeff Benjamin

Jeff Benjamin is a senior columnist who primarily writes about investments and practice management as they relate to the wealth management industry. In addition to news and opinion writing, Jeff also does regular video interviews and is the co-host of The InvestmentNews Podcast, a weekly show that takes listeners behind the scenes of our coverage. He joined InvestmentNews in 2000. Prior to InvestmentNews, Jeff’s career included working as an analyst at Cerulli Associates, and as a reporter for Dow Jones Newswires. Jeff is based in North Carolina and when he isn’t working, he can usually be found playing golf or fishing. Jeff is a former Marine and has a bachelor’s degree in journalism from Central Michigan University.

Jeff Benjamin
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Schwab's customer service tests advisers' patience — and loyalty
NEWS RIAS JAN 26, 2021
Schwab's customer service tests advisers' patience — and loyalty

As the brokerage navigates the cumbersome undertaking of acquiring thousands of advisers from TD Ameritrade and more than $6 trillion in assets, the broader custody industry is not sitting idle waiting for the fallout.

Hightower notches third deal of 2021 with $830 million acquisition
NEWS INDUSTRY NEWS JAN 26, 2021
Hightower notches third deal of 2021 with $830 million acquisition

Siller & Cohen Family Wealth Advisors in Rye Brook, New York, joins Hightower's sprawling 33-state footprint.

CI Financial buys $23 billion RIA Segall Bryant & Hamill
NEWS INDUSTRY NEWS JAN 25, 2021
CI Financial buys $23 billion RIA Segall Bryant & Hamill

The Toronto-based wealth management conglomerate has made 14 U.S. deals in less than a year. The acquisition will be CI’s largest purchase so far, and once completed it will double its total U.S.-based assets to $46.1 billion.

Not even pandemic can derail record level of RIA consolidation
NEWS RIAS JAN 25, 2021
Not even pandemic can derail record level of RIA consolidation

The slowdown in March turned out to be just brief bump in the road for buyers and sellers in the wealth management space.

Fidelity executive leading $3.6 trillion Personal Investing group retires
YOUR PRACTICE PRACTICE MANAGEMENT JAN 22, 2021
Fidelity executive leading $3.6 trillion Personal Investing group retires

After 12 years as president of the division, Kathleen Murphy, 57, will depart this summer; her successor has not yet been named.

Mutual fund assets continue to decline in 2020
INVESTING ETFS JAN 21, 2021
Mutual fund assets continue to decline in 2020

Record outflows from mutual funds have analysts wondering about the future of giants like American Funds, T. Rowe Price and Dimensional Fund Advisors. While mutual funds still hold more than three times the assets of exchange-traded funds, they registered a record $289 billion in outflows last year, according to Morningstar.

Stock market's 'Biden bounce' raises caution flags
INVESTING EQUITIES JAN 19, 2021
Stock market's 'Biden bounce' raises caution flags

Stocks are up almost 12% since Election Day, and some advisers are already looking for a pullback. Biden's post-election rally stands out as the strongest since World War II.

Is it high time to invest in cannabis?
INVESTING ALTERNATIVES JAN 15, 2021
Is it high time to invest in cannabis?

The tight group of marijuana ETFs are up between 28% and 55% in January, anticipating federal approval. For financial advisers and investors, instead of just jumping headlong into cannabis investing, the challenge is traversing a sector that is in limbo.

ESG investors balance financial and impact performance
INVESTING ESG JAN 14, 2021
ESG investors balance financial and impact performance

New research from the Global Impact Investing Network reveals the multifaceted drivers behind impact investing, as investors balance financial and impact performance. Contrary to what some might assume, financial performance is often the top priority, said Amit Bouri, CEO of GIIN.

DPL Financial Partners secures $26 million in private equity capital
NEWS INDUSTRY NEWS JAN 13, 2021
DPL Financial Partners secures $26 million in private equity capital

Eldridge and Atlas Merchant Capital combine forces in the latest example of private equity firms taking stakes in the wealth management industry.