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Goldman plans to eliminate several hundred positions in new round of job cuts
PRACTICE MANAGEMENT SEP 13, 2022
Goldman plans to eliminate several hundred positions in new round of job cuts

The reductions are a resumption of Goldman’s annual culling cycle that it had largely paused during the pandemic.

How women advisers can create white space for new ideas
OPINION SEP 12, 2022
How women advisers can create white space for new ideas

Staying busy may seem like the path to success, but without time to reflect, advisers could be using their time and energy on the wrong things.

AmeriFlex RIA acquisition model aims to keep sellers on board
RIAS SEP 12, 2022
AmeriFlex RIA acquisition model aims to keep sellers on board

The aggressive startup has plans to acquire more than 300 RIAs within three years, and its model even includes an option to reverse the sale of an RIA.

Tax ‘advice’ more important than ever
RIAS SEP 12, 2022
Tax ‘advice’ more important than ever

Advisers who help business-owner clients steer clear of possible tax traps in coming years will be performing a service unlikely to be forgotten.

Fintech Bytes: Cetera using Broadridge's new tech, Orion reorganizes
ALTERNATIVES SEP 09, 2022
Fintech Bytes: Cetera using Broadridge's new tech, Orion reorganizes

A roundup of the week's fintech news includes Cetera's adoption of Broadridge's new digital communications tool, Orion's reorganization and Morningstar's attempt to make sustainable investing more engaging.

SEC orders 9 advisory firms to pay more than $1 million for custody violations
PRACTICE MANAGEMENT SEP 09, 2022
SEC orders 9 advisory firms to pay more than $1 million for custody violations

The firms managed private funds and fell short of custody compliance by failing to give investors audited financial statements about the funds.

Finra cuffs another broker-dealer over GPB sales
ALTERNATIVES SEP 09, 2022
Finra cuffs another broker-dealer over GPB sales

The actions outlined in Finra settlement with Sanctuary predate Sanctuary’s acquisition of David A. Noyes, a company spokesperson notes.

Finra penalizes Long Island B-D $1 million for churning
PRACTICE MANAGEMENT SEP 08, 2022
Finra penalizes Long Island B-D $1 million for churning

Excessive trading in clients' accounts at Joseph Stone Capital occurred from January 2015 to June 2020, according to Finra.

Smaller RIAs weathered the pandemic better than larger firms, DeVoe reports
RIAS SEP 08, 2022
Smaller RIAs weathered the pandemic better than larger firms, DeVoe reports

The key to success is maintaining employee connections and getting people back to the office.

Putnam hires ESG leader from BofA
PRACTICE MANAGEMENT SEP 08, 2022
Putnam hires ESG leader from BofA

Jackie VanderBrug has been appointed Putnam’s head of sustainability strategy, reporting to CEO Robert Reynolds.

Morgan Stanley introduces aggregation of held-away retirement accounts
RETIREMENT PLANNING SEP 07, 2022
Morgan Stanley introduces aggregation of held-away retirement accounts

Morgan Stanley at Work is rolling out a Corporate Retirement Portal to give its plan advisers a consolidated view of retirement data.

CFP Board revokes 7 designations in latest round of sanctions
PRACTICE MANAGEMENT SEP 07, 2022
CFP Board revokes 7 designations in latest round of sanctions

The CFP Board announced public sanctions on 33 individuals Tuesday, including seven who have lost the right to use the CFP designation.

Ameriprise terminates adviser in Texas
PRACTICE MANAGEMENT SEP 07, 2022
Ameriprise terminates adviser in Texas

Dusty Sternadel of Wichita Falls was fired for misappropriating funds, according to her BrokerCheck record.

Why doesn’t mentoring seem to work?
PRACTICE MANAGEMENT SEP 06, 2022
Why doesn’t mentoring seem to work?

Employers reflexively promote mentoring to cultivate diverse talent, but metrics have been scarce — until now.

Eric Heaton joins Rockefeller to head strategy
PRACTICE MANAGEMENT SEP 06, 2022
Eric Heaton joins Rockefeller to head strategy

The former Morgan Stanley executive will expand the firm's product offerings.

Accusations intensify in Wendy Williams' fight with Wells Fargo
PRACTICE MANAGEMENT SEP 06, 2022
Accusations intensify in Wendy Williams' fight with Wells Fargo

An attorney who formerly represented the TV talk show host claimed that Williams was 'left to die' by her adviser at Wells Fargo and her former business manager.

End of Wealthfront deal dents UBS growth plans in US
FINTECH SEP 06, 2022
End of Wealthfront deal dents UBS growth plans in US

The acquisition of the robo-adviser was the centerpiece of UBS CEO Ralph Hamers' focus on broadening the wirehouse's wealth management offering.

UBS and Wealthfront terminate acquisition plans
FINTECH SEP 02, 2022
UBS and Wealthfront terminate acquisition plans

Instead, UBS is purchasing a $69.7 million note that is convertible into Wealthfront shares, an investment that values the robo-adviser at $1.4 billion.

Fintech Bytes: InvestCloud updates NaviPlan, Goldman completes NextCapital deal
FINTECH SEP 02, 2022
Fintech Bytes: InvestCloud updates NaviPlan, Goldman completes NextCapital deal

For your Labor Day weekend reading, here are some fintech updates from the past week.

Single women trailing married counterparts when it comes to retirement, EBRI says
RETIREMENT PLANNING SEP 02, 2022
Single women trailing married counterparts when it comes to retirement, EBRI says

The latest report from the Employee Benefit Research Institute offers a significant wake-up call when it comes to single female employees and their retirement prospects.