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Newfound financial freedom for college athletes could be a game-changer for advisers
PRACTICE MANAGEMENT JUL 15, 2021
Newfound financial freedom for college athletes could be a game-changer for advisers

Advisers could provide guidance that would last a lifetime — whether players go pro or into the workforce. But tapping into the market is a challenge.

Vanguard could propel values-based direct indexing from niche to essential
FINTECH JUL 15, 2021
Vanguard could propel values-based direct indexing from niche to essential

Direct indexing has become a powerful tool for advisers, while combining growing investor interest around value-based investing and advancements in technology.

Kahl to become acting examinations chief at SEC
PRACTICE MANAGEMENT JUL 15, 2021
Kahl to become acting examinations chief at SEC

He replaces Peter Driscoll, who is leaving the agency after heading the examinations division since January 2017.

Big brokerages gearing up for return to the office
PRACTICE MANAGEMENT JUL 15, 2021
Big brokerages gearing up for return to the office

For firms like Morgan Stanley and Raymond James, welcoming employees back to the office, after more than a year of remote work, will require flexibility and an open mind.

Merrill Lynch adviser head count drops as self-directed investing soars
FINTECH JUL 14, 2021
Merrill Lynch adviser head count drops as self-directed investing soars

Merrill Lynch reported a 6% dip in adviser head count and said that 80,000 clients are now using its self-directed investing platform.

Envestnet taps UBS, iCapital to offer alternatives
ALTERNATIVES JUL 14, 2021
Envestnet taps UBS, iCapital to offer alternatives

The Alternatives Exchange will provide curated UBS and iCapital alternative investment products to the 106,000 advisers on Envestnet’s platform.

Carson Group valued at $1 billion in latest deal
RIAS JUL 14, 2021
Carson Group valued at $1 billion in latest deal

Bain Capital took a minority stake in Carson, one of the largest registered investment advisers in the country with more than $17 billion in assets.

NAPA launches ESG certificate program
RETIREMENT PLANNING JUL 14, 2021
NAPA launches ESG certificate program

The training is designed to help retirement plan advisers evaluate environmental, social and governance investing opportunities.

Slow your roll: Selling a practice takes time
OPINION JUL 14, 2021
Slow your roll: Selling a practice takes time

Here are 11 steps advisers looking to transition a business should consider to be the bare minimum it takes to find a buyer and close a deal.

Kestra's $10.3M settlement is proof fund-fee disclosure remains a priority at the SEC
PRACTICE MANAGEMENT JUL 13, 2021
Kestra's $10.3M settlement is proof fund-fee disclosure remains a priority at the SEC

The Kestra settlement and other recent ones demonstrate the SEC’s concern is extending to revenue sharing.

First Republic continues to add advisers
PRACTICE MANAGEMENT JUL 13, 2021
First Republic continues to add advisers

The bank saw a net increase of 109 financial advisers in the five years from 2016 to 2020, according to InvestmentNews Research.

Citigroup debuts no-fee stock trading
EQUITIES JUL 13, 2021
Citigroup debuts no-fee stock trading

The bank's new offering puts it into competition with robo-advisers, discount brokerages and some big-bank peers.

Assessing the tax implications of Bitcoin
OPINION JUL 12, 2021
Assessing the tax implications of Bitcoin

The IRS has clearly communicated that cryptocurrency assets are taxed when they are traded, but this is news to many of the investors who own cryptocurrencies.

BNY Mellon Wealth rolls out client prospecting tool for advisers
FINTECH JUL 12, 2021
BNY Mellon Wealth rolls out client prospecting tool for advisers

BNY Mellon Wealth Management's new client prospecting tool is designed to expand initial conversations with investors beyond basic risk assessments. After an investor completes the questionnaire, the tool curates specific recommendations and content customized to the user's answers.

Advisor Group replaces top recruiting officer
BROKER DEALERS JUL 12, 2021
Advisor Group replaces top recruiting officer

Gregg Johnson, the firm's executive vice president of recruiting and revenue acquisition, has been replaced by Kristen Kimmell from RBC Wealth Management.

Biden fires head of Social Security Administration
RETIREMENT PLANNING JUL 12, 2021
Biden fires head of Social Security Administration

The political infighting won't affect the $1 trillion in benefits Social Security sends each year to 65 million Americans. But it will likely make it more difficult to begin work on a solution to the program's long-term financial challenges.

3 steps to prepare wealthy clients for higher tax rates
OPINION JUL 12, 2021
3 steps to prepare wealthy clients for higher tax rates

In the current tax-the-rich political environment, the wisdom of getting wealthy clients the insurance of an alternative citizenship or residence is obvious.

Advisers committed to charitable causes recognized by Invest in Others
PRACTICE MANAGEMENT JUL 12, 2021
Advisers committed to charitable causes recognized by Invest in Others

12 advisers named as finalists for their dedication to nonprofits aimed at helping youth, improving health, reducing homelessness and other causes.

Wells Fargo reps managing $1 billion move to Raymond James
BROKER DEALERS JUL 12, 2021
Wells Fargo reps managing $1 billion move to Raymond James

Orlando Garcia and Miguel Viyella join the firm's employee unit in Coral Gables, Florida.

Ameriprise team managing $420 million moves to LPL
BROKER DEALERS JUL 12, 2021
Ameriprise team managing $420 million moves to LPL

Four-adviser Pacstar Financial Group is based in Honolulu and has three other offices in Hawaii.