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UBS CEO Ermotti to become chairman of Swiss Re
PRACTICE MANAGEMENT MAR 03, 2020
UBS CEO Ermotti to become chairman of Swiss Re

The news ends speculation that Ermotti might try to succeed UBS chairman Axel Weber

Robinhood suffers online outage as market advances
FINTECH MAR 02, 2020
Robinhood suffers online outage as market advances

As U.S. stocks headed for their first gain in eight sessions, the online brokerage had technical issues

Let’s aim for advisers to better reflect investors
PRACTICE MANAGEMENT FEB 29, 2020
Let’s aim for advisers to better reflect investors

Helping women move beyond entry-level positions in their financial services careers could make a meaningful dent in the dearth of female leaders

Empathy can help advisers succeed with clients
OPINION FEB 28, 2020
Empathy can help advisers succeed with clients

Why many women aren't seeking advice

Market dive puts advisers on the offensive
PRACTICE MANAGEMENT FEB 28, 2020
Market dive puts advisers on the offensive

Beyond just hand-holding, they provide clients with perspective and advise them to buy low

Vanguard, TD Ameritrade latest digital services to struggle with market downturn
FINTECH FEB 28, 2020
Vanguard, TD Ameritrade latest digital services to struggle with market downturn

With more people than usual logging in to check their accounts or make trades, some platforms are slowing down

SEC fines Wells Fargo $35 million for unsuitable sales of complex products
PRACTICE MANAGEMENT FEB 27, 2020
SEC fines Wells Fargo $35 million for unsuitable sales of complex products

Firm recommended that clients buy, hold single-inverse ETFs in retirement accounts despite previous Finra penalty

Sanders proposes curbing tax break for executive retirement perk
PRACTICE MANAGEMENT FEB 27, 2020
Sanders proposes curbing tax break for executive retirement perk

Presidential candidate to introduce measure that stops execs from delaying paying taxes on stock options and deferred compensation

New Vestwell infrastructure removes traditional record keepers from retirement plan administration
RETIREMENT PLANNING FEB 27, 2020
New Vestwell infrastructure removes traditional record keepers from retirement plan administration

Vestwell now brings all non-custody services in-house

The latest in financial adviser fintech — February 2019
OPINION FEB 26, 2020
The latest in financial adviser fintech — February 2019

This month's edition kicks off with the big announcement that Visa is acquiring Plaid for a whopping $5.3B

Merrill adviser managing $190 million moves to Raymond James
BROKER DEALERS FEB 26, 2020
Merrill adviser managing $190 million moves to Raymond James

Michael Borza is joining the employee unit in Virginia Beach, Va.

Commonwealth hires Matthew Chisholm to build RIA business
RIAS FEB 26, 2020
Commonwealth hires Matthew Chisholm to build RIA business

The former Fidelity executive will help advisers expand their operations efficiently

'Don't run to gold' and other advice for pandemic volatility
RIAS FEB 25, 2020
'Don't run to gold' and other advice for pandemic volatility

After two days of stock market drops, some clients are worried

Empower, ETrade to let 401(k) clients view accounts alongside stock plans
RETIREMENT PLANNING FEB 25, 2020
Empower, ETrade to let 401(k) clients view accounts alongside stock plans

The retirement plan provider says the side-by-side view isn't a signal that the different accounts should be treated similarly

Raymond James launches WealthMAP to help attract and retain new financial advisers
BROKER DEALERS FEB 25, 2020
Raymond James launches WealthMAP to help attract and retain new financial advisers

The two-year program will help those interested in advice earn Series 7 and Series 66 licensing while learning financial planning skills

Advisers split on proposals for financial transaction tax
PRACTICE MANAGEMENT FEB 25, 2020
Advisers split on proposals for financial transaction tax

Some say it’s a smart way for government to raise revenue; others say it penalizes investors

Fidelity, Schwab customers saw online delays
FINTECH FEB 24, 2020
Fidelity, Schwab customers saw online delays

The website problems came as markets tumbled Monday morning

LPL Financial spends big on recruiting in 2019
BROKER DEALERS FEB 24, 2020
LPL Financial spends big on recruiting in 2019

Forgivable loan balance jumps almost 45% as the firm reels in $35 billion in new assets

Wealth management in the 2020s
RIAS FEB 24, 2020
Wealth management in the 2020s

Last year highlighted many of the major trends of the past decade, which will continue to shape the industry in the decade to come

Bear market would bode well for fixed annuities: reports
RETIREMENT PLANNING FEB 24, 2020
Bear market would bode well for fixed annuities: reports

Low interest rates are hampering sales, but the SECURE Act and the threat of a market correction could change that