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SECURE 2.0 gives fintechs opportunity to help advisors navigate tax season
RETIREMENT PLANNING FEB 01, 2023
SECURE 2.0 gives fintechs opportunity to help advisors navigate tax season

eMoney Advisor and FP Alpha have tools to help advisors with Roth conversions.

Advisors must evolve to survive in the AI era
FINTECH FEB 01, 2023
Advisors must evolve to survive in the AI era

While advisors are in no immediate danger of displacement, simply repeating the 'people will always need a human advisor' mantra won’t stop the inevitable march of progress.

Brokerages need to update tech systems to show Reg BI work to SEC
PRACTICE MANAGEMENT FEB 01, 2023
Brokerages need to update tech systems to show Reg BI work to SEC

An SEC risk alert this week warned firms that surveillance systems fell short in ensuring reps consider costs and reasonably available alternatives. Will enforcement be next?

The consolidation contradiction
OPINION FEB 01, 2023
The consolidation contradiction

Smaller firms can still flourish amid the rampant M&A activity, but they need to employ targeted client development and strategic outsourcing.

How leading firms are utilizing technology
OPINION FEB 01, 2023
How leading firms are utilizing technology

It's safe to say that the more adept you are at selecting, implementing and utilizing the available technologies, the better off your practice and your clients will be.

AIG interim CFO Lyons fired over confidentiality breach
LIFE INSURANCE AND ANNUITIES JAN 31, 2023
AIG interim CFO Lyons fired over confidentiality breach

Sabra Purtill succeeds Lyons as the insurer's interim CFO, while Turab Hussain was named interim chief actuary.

Goldman cuts CEO Solomon's pay about 30%, to $25 million
PRACTICE MANAGEMENT JAN 30, 2023
Goldman cuts CEO Solomon's pay about 30%, to $25 million

The CEO's package includes $2 million in base salary and $23 million in variable compensation, with $16.1 million of that in the form of restricted stock units.

Fintech Bytes: Cetera partners with Asset-Map, MSCI goes with Google
FINTECH JAN 27, 2023
Fintech Bytes: Cetera partners with Asset-Map, MSCI goes with Google

Plus Morningstar adds investment planning to Advisor Workstation, Element secures $5 million and Kwanti announces an asset screening feature.

ChatGPT’s ability to make a market-beating ETF is put to the test
FINTECH JAN 27, 2023
ChatGPT’s ability to make a market-beating ETF is put to the test

The AI tool explains that the market is too unpredictable to design such a fund, while warning about the need to pick investments that align with goals and risk tolerance.

FPA takes CFP Board at its word that it won’t crowd onto association’s turf
PRACTICE MANAGEMENT JAN 26, 2023
FPA takes CFP Board at its word that it won’t crowd onto association’s turf

The CFP Board's decision to split itself into two nonprofits would allow it to establish a membership organization, but groups like FPA don't expect it to do so.

Team of women managing $435 million join Raymond James from UBS
BROKER DEALERS JAN 26, 2023
Team of women managing $435 million join Raymond James from UBS

Jeanne Eisele, Mary Gilbert and Leanne Gray operate as Anchor Financial in Linwood, New Jersey.

Morgan Stanley fines bankers over $1 million each for using unapproved messaging platforms
FINTECH JAN 26, 2023
Morgan Stanley fines bankers over $1 million each for using unapproved messaging platforms

The firm is the latest bank to require individual staff to bear some of the burden of an unprecedented regulatory investigation.

Transparent gender data paves way for reaping gender-driven results, advocates say
PRACTICE MANAGEMENT JAN 26, 2023
Transparent gender data paves way for reaping gender-driven results, advocates say

Counting the number of women leading a company is harder than it looks, which complicates investors' ability to achieve gender-correlated returns.

3 reasons I love my career as a financial planner
OPINION JAN 25, 2023
3 reasons I love my career as a financial planner

A young financial planner cites the benefits of having a supportive team and the fascination of learning about financial planning's emotional and psychological side.

Broadridge adds ESG comparison service
FINTECH JAN 25, 2023
Broadridge adds ESG comparison service

The data, which is aggregated to artificial intelligence, cover more than 5,000 North American companies across 385 ESG topics.

CFP Board creates separate arm to promote planning careers, hiring of planners
PRACTICE MANAGEMENT JAN 25, 2023
CFP Board creates separate arm to promote planning careers, hiring of planners

The group is setting up a 501(c)(6) organization that will give it more latitude to talk to students about the benefits of becoming a CFP and to the public about the benefits of working with one.

Bank of America grants employees shares
PRACTICE MANAGEMENT JAN 25, 2023
Bank of America grants employees shares

Staffers earning up to $500,000 a year will share in a pool of restricted stock, according to a memo from CEO Brian Moynihan.

Advisor CRM founder Ken Golding dies at 62
FINTECH JAN 24, 2023
Advisor CRM founder Ken Golding dies at 62

Golding founded Junxure with his partner, Greg Friedman, in 2001 as a CRM specifically designed to serve financial advisors.

Schwab sees increasing tech adoption among RIAs
RIAS JAN 24, 2023
Schwab sees increasing tech adoption among RIAs

According to data collected from 14,000 RIAs, 80% are using digital client onboarding tools.

Fidelity hopes to bridge the gap between aging advisors and young investors
RIAS JAN 24, 2023
Fidelity hopes to bridge the gap between aging advisors and young investors

It stars with a new toolkit to help industry veterans better relate to a universe of potential clients that wants advice on its own terms.