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'Personal affinity' spurs advisor to help Maui wildfire recovery
INDUSTRY NEWS AUG 18, 2023
'Personal affinity' spurs advisor to help Maui wildfire recovery

A Wealthspire advisor launches campaign that has so far raised $30,000 for the island.

RBC snags giant $5.5 billion team from UBS in Atlanta
PRACTICE MANAGEMENT AUG 18, 2023
RBC snags giant $5.5 billion team from UBS in Atlanta

The ESOP Group, founded in 1989, specializes in working with business owners on the sale of their businesses.

Largest federal union backs O'Malley for Social Security commissioner
REGULATION AND LEGISLATION AUG 18, 2023
Largest federal union backs O'Malley for Social Security commissioner

The AFGE represents 43,000 employees of the Social Security Administration.

US poised to greenlight new wave of crypto ETFs in the fall
ALTERNATIVES AUG 18, 2023
US poised to greenlight new wave of crypto ETFs in the fall

Unnamed SEC sources signal the regulator is considering approval of new funds.

Market performance pushes DB pension plans further into positive territory
INDUSTRY NEWS AUG 18, 2023
Market performance pushes DB pension plans further into positive territory

Milliman reports a further rise in defined-benefit plans' funded ratio.

Almost half of student loan debtors want more help to ease 'national crisis'
INDUSTRY NEWS AUG 18, 2023
Almost half of student loan debtors want more help to ease 'national crisis'

Even among those without outstanding education borrowing, a sizable share say it's a crisis.

Advisors shouldn't talk to clients about aging, most don't like it
RETIREMENT PLANNING AUG 18, 2023
Advisors shouldn't talk to clients about aging, most don't like it

Growing old ain't what it used to be, and neither is retirement planning.

Risk assets tumble as Fed, China cause concern
INDUSTRY NEWS AUG 18, 2023
Risk assets tumble as Fed, China cause concern

Markets being hit by a 'perfect storm' says Barclays analyst.

Bitcoin plunge as Musk SpaceX sale is reported
INDUSTRY NEWS AUG 18, 2023
Bitcoin plunge as Musk SpaceX sale is reported

Cryptocurrency falls up to 8% in trading.

401(k) millionaires stage comeback in Q2 with market gains
RETIREMENT PLANNING AUG 17, 2023
401(k) millionaires stage comeback in Q2 with market gains

This year's double-digit gains in the S&P 500 have helped swell retirement balances, Fidelity says.

Frustrated large RIAs want more from custodians
RIAS AUG 17, 2023
Frustrated large RIAs want more from custodians

In a poll of 29 firms representing a collective $6 trillion in assets, fewer than half reported feeling satisfied with native tools.

Finra arbitrators order former advisor to pay $664,901 for unsuitable options strategy
ALTERNATIVES AUG 17, 2023
Finra arbitrators order former advisor to pay $664,901 for unsuitable options strategy

Alabama-based advisor denies he did anything wrong in a statement on his IAPD profile.

Ex-Wells chief Kowach wants 100 advisors at new firm &Partners
RIAS AUG 17, 2023
Ex-Wells chief Kowach wants 100 advisors at new firm &Partners

The new firm's pay 'is significantly enhanced from the industry norms,' according to an investor presentation.

Back off, Burry! Advisors not buying into ‘Big Short’ fund manager’s bearish call
INDUSTRY NEWS AUG 17, 2023
Back off, Burry! Advisors not buying into ‘Big Short’ fund manager’s bearish call

Burry's $1.6 billion bet on Wall Street collapse has been branded 'carnival barking' by a guy who 'got just one thing right, once.'

House Republicans take anti-ESG campaign to CalPERS
RETIREMENT PLANNING AUG 17, 2023
House Republicans take anti-ESG campaign to CalPERS

The California Public Employees’ Retirement System has turned over thousands of pages of documents in recent months to Congress.

Edward Jones to offer banking services
INDUSTRY NEWS AUG 17, 2023
Edward Jones to offer banking services

The wealth management firm will offer its clients checking and savings accounts and potentially other banking products.

Equitable Advisors hires four advisors with combined $360M AUM
ADVISOR MOVES AUG 17, 2023
Equitable Advisors hires four advisors with combined $360M AUM

The four join the fast-growing wealth management business from separate firms.

CFP exam pass rate highest in 8 years but which states saw the most takers?
INDUSTRY NEWS AUG 17, 2023
CFP exam pass rate highest in 8 years but which states saw the most takers?

Demonstrating experience on the job was the top reason cited for trying for certification.

Stocks mixed following hawkish Fed, bond yields sell-off intensifies
INDUSTRY NEWS AUG 17, 2023
Stocks mixed following hawkish Fed, bond yields sell-off intensifies

Signs that the Fed could continue on a tighter path has prompted investors to rethink strategies.

Banks 'largely blind' to nature loss risks to portfolios, report warns
ESG AUG 17, 2023
Banks 'largely blind' to nature loss risks to portfolios, report warns

Financial firms' lack of oversight could result in higher costs, litigation and reputational damage.