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How we explain the crypto roller coaster to our clients
OPINION MAR 21, 2022
How we explain the crypto roller coaster to our clients

We need to understand new technologies and combat the fear of missing out on the hottest investment category, which has been cryptocurrencies.

Geneos tagged with $400,000 penalty over alternatives sales
ALTERNATIVES MAR 21, 2022
Geneos tagged with $400,000 penalty over alternatives sales

The fine and restitution to customers stem from sales of two alternative investments, the LJM Preservation & Growth Fund and private placements issued by GPB Capital Holdings.

Retirement planning is anything but normal in a post-pandemic world
RIAS MAR 21, 2022
Retirement planning is anything but normal in a post-pandemic world

One important aspect of retirement planning that hasn’t changed — and is likely never to change — is the need for advisers to be forthright with their clients, especially about matters relating to longevity and income adequacy.

See It Be It Role Model: Syed Nishat
PRACTICE MANAGEMENT MAR 20, 2022
See It Be It Role Model: Syed Nishat

Nishat and his partner specialize in serving immigrants and first-generation Americans; their firm works with physicians and entrepreneurs who moved to the New York area from all over the world.

See It Be It Role Model: Lawrence Smith 
PRACTICE MANAGEMENT MAR 19, 2022
See It Be It Role Model: Lawrence Smith 

Smith, president of ELS Vision Wealth Management, focuses on helping those in the ‘first generation of success.’

What's America's favorite TAMP of 2022?
FINTECH MAR 18, 2022
What's America's favorite TAMP of 2022?

The competitive landscape for turnkey asset management platforms is heating up after providers landed millions in new assets during the pandemic, when advisers were desperate for any technology that could keep them up and running.

Financial advisers starting to view economic outlook as a glass half empty
RIAS MAR 18, 2022
Financial advisers starting to view economic outlook as a glass half empty

The results from the most recent InvestmentNews survey shows sentiment is turning south.

Robinhood settles with Vermont for $640,000 over outages
ALTERNATIVES MAR 18, 2022
Robinhood settles with Vermont for $640,000 over outages

The Vermont Department of Financial Regulation said at least 40 customers in the state complained.

Two years later, financial services firms still searching for balance on remote work
RIAS MAR 18, 2022
Two years later, financial services firms still searching for balance on remote work

Some of the biggest brands in wealth management are trying to figure out what normal looks like, and how and whether it makes sense to bring employees back to the office.

SageView partners with Pontera to help advisers manage held-away accounts
RETIREMENT PLANNING MAR 17, 2022
SageView partners with Pontera to help advisers manage held-away accounts

Pontera, formerly known as FeeX, allows advisers to work with client accounts that are held away from the firm, like 401(k)s.

Robinhood readies feature that lets users lend out stocks
FINTECH MAR 17, 2022
Robinhood readies feature that lets users lend out stocks

The feature appeared in a beta version of its iPhone app. Code describing the service — dubbed Stock Loan Income Program, or SLIP — was discovered by developer Steve Moser.

SEC's Gensler takes aim at robo-adviser investing strategies
FINTECH MAR 17, 2022
SEC's Gensler takes aim at robo-adviser investing strategies

The Securities and Exchange Commission chairman raised questions about the effect that behavioral prompts — like encouraging clients to trade more often or using algorithms to steer them into high-risk, high-fee products — might have on investing outcomes.

Fired Merrill broker who threw smoothie lands at Aegis Capital
PRACTICE MANAGEMENT MAR 17, 2022
Fired Merrill broker who threw smoothie lands at Aegis Capital

James Iannazzo, 48, was arrested in January, faces three charges and is seeking probation.

Finra board approves remote-inspection proposals, sends them to SEC
PRACTICE MANAGEMENT MAR 16, 2022
Finra board approves remote-inspection proposals, sends them to SEC

Finra didn't provide details about the rules, which will be made public when they're submitted to the Securities and Exchange Commission.

JPMorgan to buy share-plan software company
RETIREMENT PLANNING MAR 16, 2022
JPMorgan to buy share-plan software company

Global Shares, which will be integrated into the bank's asset and wealth management arm, has almost $200 billion in assets under administration and roughly 600 corporate clients.

Want to buy a Banksy? This fintech has an answer
ALTERNATIVES MAR 16, 2022
Want to buy a Banksy? This fintech has an answer

The digital alternative investment provider Yieldstreet launched a new art equity fund with exposure to contemporary international artists like Banksy and Takashi Murakami.

Wells Fargo Advisors sees another senior manager leave
PRACTICE MANAGEMENT MAR 16, 2022
Wells Fargo Advisors sees another senior manager leave

John Alexander is the second senior manager with two decades at the firm to leave Wells Fargo Advisors in recent months.

Ex-Wells, LPL broker arrested, charged with stealing more than $500,000 from clients
PRACTICE MANAGEMENT MAR 16, 2022
Ex-Wells, LPL broker arrested, charged with stealing more than $500,000 from clients

The broker, Mario E. Rivero Jr., 38, was registered with Wells Fargo Advisors from December 2010 through October 2020 and then at LPL Financial until last June, when he was barred from the securities industry.

Raymond James adds Wells duo managing $350 million
BROKER DEALERS MAR 16, 2022
Raymond James adds Wells duo managing $350 million

Houston-based advisers Brandon Glasscock and Mandy Haskell are joining the firm’s independent adviser channel.

Edward Jones to spend $1 billion on tech in 2022
FINTECH MAR 15, 2022
Edward Jones to spend $1 billion on tech in 2022

The company is investing in its technology infrastructure — including digital initiatives and virtual tools — to improve the relationships between clients and their financial advisers.