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Vermont pushes partnership to hasten auto-IRA program
RETIREMENT RETIREMENT PLANNING APR 12, 2024
Vermont pushes partnership to hasten auto-IRA program

The state’s planned alliance with Colorado could allow its VT Saves initiative to launch before year-end.

Biden takes another $7.4B step in fight to tame student debt
NEWS INDUSTRY NEWS APR 12, 2024
Biden takes another $7.4B step in fight to tame student debt

The latest move covers almost 280,000 borrowers in the SAVE, income-driven replacement, and public service loan forgiveness programs.

Empower settles with former advisors in poaching case
RETIREMENT RETIREMENT PLANNING APR 12, 2024
Empower settles with former advisors in poaching case

The suit involved 13 advisors, all of whom joined Empower via its acquisition of Personal Capital, who departed to establish a rival advisory firm.

OMB draws flak on DOL fiduciary rule decision
RETIREMENT RETIREMENT PLANNING APR 12, 2024
OMB draws flak on DOL fiduciary rule decision

Industry groups express disappointment at the Office of Management and Budget's speedy review of the controversial rule.

UBS boosts its New York presence
NEWS BROKER DEALERS APR 12, 2024
UBS boosts its New York presence

The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.

Five firms hit in SEC marketing rule sweep
NEWS REGULATION AND LEGISLATION APR 12, 2024
Five firms hit in SEC marketing rule sweep

The regulator’s crackdown centered on the firms' use of hypothetical performance data and led to a total of $200,000 in penalties.

Ebbing passive demand poses challenges for asset managers
INVESTING ETFS APR 11, 2024
Ebbing passive demand poses challenges for asset managers

As the lines between active and passive strategies blur, product teams will have a tougher time appeasing advisors, Cerulli says.

RIAs’ outlook on economy lukewarm, survey shows
NEWS RIAS APR 11, 2024
RIAs’ outlook on economy lukewarm, survey shows

Inaugural study finds more than two-thirds expect at least mild growth in the stock market, while nine-tenths brace for continued volatility.

Baird simplifies alts platform with new CAIS partnership
INVESTING ALTERNATIVES APR 11, 2024
Baird simplifies alts platform with new CAIS partnership

The firms are deepening their longtime tech collaboration to create a unified alternative investments solution for Baird's more than 1,300 advisors.

Morgan Stanley’s wealth unit caught in AML crossfire
NEWS WIREHOUSES APR 11, 2024
Morgan Stanley’s wealth unit caught in AML crossfire

The SEC and other federal regulators are reportedly probing the banking giant over its anti-money-laundering and client vetting practices.