Find the latest industry news below.

  • Vanguard Removes Manager From $45B Fund
    on March 1, 2021 at 10:12 pm

    Jackson Square Partners was removed as an advisor to the $45.5 billion U.S. Growth Fund and an insurance-related fund.      Related StoriesMassachusetts BD to Pay $450K Over 12b-1 Fees - EnclosureFidelity Charitable Wins Lawsuit Over Stock Donation - EnclosureMerrill Ramps Up Wealth Unit as Rich Clients Flock to Florida - Enclosure 

  • Richest 100 Americans Would Pay $78B Under Warren Tax
    on March 1, 2021 at 9:56 pm

    The bill stipulates that households with a net worth of over $50 million would pay a 2% yearly tax on their wealth.      Related StoriesMassachusetts BD to Pay $450K Over 12b-1 Fees - EnclosureFidelity Charitable Wins Lawsuit Over Stock Donation - EnclosureMerrill Ramps Up Wealth Unit as Rich Clients Flock to Florida - Enclosure 

  • Massachusetts BD to Pay $450K Over 12b-1 Fees
    on March 1, 2021 at 9:47 pm

    The BD also used its principal trading account to engage in self-dealing, the SEC says.      Related StoriesFidelity Charitable Wins Lawsuit Over Stock Donation - EnclosureMerrill Ramps Up Wealth Unit as Rich Clients Flock to Florida - EnclosureHealth Insurance Veteran Questions COBRA Proposal Impact - Enclosure 

  • Merrill Ramps Up Wealth Unit as Rich Clients Flock to Florida
    on March 1, 2021 at 9:40 pm

    The wirehouse plans to add about 20 UHNW teams in the state to meet growing demand.      Related StoriesFidelity Charitable Wins Lawsuit Over Stock Donation - EnclosureHealth Insurance Veteran Questions COBRA Proposal Impact - EnclosureSen. Warren Introduces Wealth Tax Bill - Enclosure 

  • Fidelity Charitable Wins Lawsuit Over Stock Donation
    on March 1, 2021 at 9:36 pm

    A couple, both hedge fund managers, charged that false promises were made to induce them to contribute stock to a donor-advised fund.      Related StoriesMerrill Ramps Up Wealth Unit as Rich Clients Flock to Florida - EnclosureHealth Insurance Veteran Questions COBRA Proposal Impact - EnclosureSen. Warren Introduces Wealth Tax Bill - Enclosure 

  • Advisors Must Go Digital or Die: Panel
    on March 1, 2021 at 9:07 pm

    Experts from firms including Broadridge and Edward Jones explain how tech can, and must, be used to meet clients' demands.      Related StoriesHealth Insurance Veteran Questions COBRA Proposal Impact - EnclosureSen. Warren Introduces Wealth Tax Bill - EnclosureInvesco Expands Multifactor ETF Suite: Portfolio Products - Enclosure 

  • Sen. Warren's Wealth Tax Plan Is 'Nuts': Jane Bryant Quinn
    on March 1, 2021 at 8:34 pm

    The longtime financial journalist tells ThinkAdvisor the plan is "hopeless" and discusses other ways to tax the ultra-wealthy.      Related StoriesSen. Warren Introduces Wealth Tax Bill - EnclosureMeet the Ex-Wirehouse Rep Turning the Rockefeller Family Office Into a Wealth Management Firm - EnclosureSamantha Russell: How to Leverage SEC's 'Game-Changing' New Ad Rule - Enclosure 

  • Gensler to Stress 'Clear Rules of the Road' at SEC Nomination Hearing
    on March 1, 2021 at 8:02 pm

    In his prepared testimony, Gensler also says "markets — and technology — are always changing. Our rules have to change along with them."      Related StoriesHealth Insurance Veteran Questions COBRA Proposal Impact - EnclosureSen. Warren Introduces Wealth Tax Bill - EnclosureInvesco Expands Multifactor ETF Suite: Portfolio Products - Enclosure 

  • FINRA Fines Ex-Morgan Stanley Rep Over Inaccurate Meal Expense Reports
    on March 1, 2021 at 7:54 pm

    The advisor sued Morgan Stanley for wrongful termination.      Related StoriesHealth Insurance Veteran Questions COBRA Proposal Impact - EnclosureSen. Warren Introduces Wealth Tax Bill - EnclosureInvesco Expands Multifactor ETF Suite: Portfolio Products - Enclosure 

  • Labor Bill Could Turn Many Insurance Producers Into Employees: NAIFA
    on March 1, 2021 at 4:52 pm

    The group is seeking an exemption for financial professionals.      Related StoriesInvesco Expands Multifactor ETF Suite: Portfolio Products - EnclosureGroup Wants Life Underwriters to Post COVID-19 Standards - EnclosureGenworth Agrees to Sell Control Over Australian Mortgage Insurer - Enclosure 

  • Invesco Expands Multifactor ETF Suite: Portfolio Products
    on March 1, 2021 at 3:49 pm

    In addition, J.P. Morgan Asset Management introduced two hedged equity funds.      Related StoriesGroup Wants Life Underwriters to Post COVID-19 Standards - EnclosureGenworth Agrees to Sell Control Over Australian Mortgage Insurer - EnclosureCathie Wood Still Hot on Bitcoin and Tesla Despite Big Drops - Enclosure 

  • DoubleLine's Other Jeffrey Has a Warning for Bond Investors
    on March 1, 2021 at 3:13 pm

    Jeffrey Sherman, deputy CIO of Jeffrey Gundlach's DoubleLine, tells ThinkAdvisor negative returns are possible in the bond market this year.      Related StoriesJoe Duran: 9 Ways to Help Clients Live Richly Instead of Dying Rich - EnclosureMeet the Ex-Wirehouse Rep Turning the Rockefeller Family Office Into a Wealth Management Firm - EnclosureSamantha Russell: How to Leverage SEC's 'Game-Changing' New Ad Rule - Enclosure 

  • Group Wants Life Underwriters to Post COVID-19 Standards
    on March 1, 2021 at 2:52 pm

    The Consumer Federation of America says voluntary standards could be more flexible than regulations.      Related StoriesGenworth Agrees to Sell Control Over Australian Mortgage Insurer - EnclosureCathie Wood Still Hot on Bitcoin and Tesla Despite Big Drops - EnclosurePolicygenius Names Vice President of People: Personnel Moves - Enclosure 

  • Warren Buffett's 9 Nuggets of Wisdom for Investors: 2021
    on March 1, 2021 at 2:47 pm

    Berkshire Hathaway's annual shareholder letter includes words of advice — and some mea culpas.      Related StoriesCathie Wood Still Hot on Bitcoin and Tesla Despite Big Drops - EnclosurePolicygenius Names Vice President of People: Personnel Moves - EnclosureBlack Investors Continue to Trail Whites in Building Wealth: Survey - Enclosure 

  • Genworth Agrees to Sell Control Over Australian Mortgage Insurer
    on March 1, 2021 at 1:54 pm

    The company says it's also moving ahead with a U.S. mortgage insurance unit IPO.      Related StoriesCathie Wood Still Hot on Bitcoin and Tesla Despite Big Drops - EnclosurePolicygenius Names Vice President of People: Personnel Moves - EnclosureBlack Investors Continue to Trail Whites in Building Wealth: Survey - Enclosure