Find the latest industry news below.

  • iM Global Partner Takes 45% Stake in Richard Bernstein Advisors
    on July 30, 2021 at 10:29 pm

    RBA's senior investment committee members will continue to run operations independently and manage portfolios.      Related StoriesAflac Faces a Tight Labor Market - EnclosureHouse Panel Passes Bills on Family Offices, Payment for Order Flow - EnclosureInvestors Lose $1T in China's Wild Week of Market Shocks - Enclosure 

  • Broad-Based Recovery Bodes Well for Stocks
    on July 30, 2021 at 10:24 pm

    Investors are wondering if growth is at its peak.      Related StoriesAvoid These Behavioral Traps When Markets Slump - EnclosureWhat the Puzzling Drop in 10-Year Treasury Yields Means for Stocks - EnclosureEd Slott: IRA Crackdown Talk in Congress Is All Bluster - Enclosure 

  • Zachary Karabell: How a Boring Bank Shaped the Rise of American Power
    on July 30, 2021 at 10:17 pm

    The author and former Envestnet exec tells ThinkAdvisor how Brown Brothers Harriman became a quiet powerhouse in "the unsexy corners of the financial world."      Related Stories'Sketch Guy' Carl Richards Now Has a 'Secret Society' for Advisors - Enclosure6 Ways Social Security Has Tricked Recipients: Larry Kotlikoff - EnclosureThese Beliefs Hold Advisors Back From Getting Referrals: Julie Littlechild - Enclosure 

  • Advisor Group, Cetera and Pershing Tackle 2 Big Advisory Myths
    on July 30, 2021 at 8:51 pm

    Despite the widely held belief to the contrary, not all advisors at IBDs are rushing to become RIAs, executives from the firms say.      Related StoriesAflac Faces a Tight Labor Market - EnclosureHouse Panel Passes Bills on Family Offices, Payment for Order Flow - EnclosureInvestors Lose $1T in China's Wild Week of Market Shocks - Enclosure 

  • Aflac Faces a Tight Labor Market
    on July 30, 2021 at 8:22 pm

    The supplemental products issuer depends heavily on career agents to make sales.      Related StoriesHouse Panel Passes Bills on Family Offices, Payment for Order Flow - EnclosureInvestors Lose $1T in China's Wild Week of Market Shocks - EnclosureGary Shilling Sees Growth Slump, Warns Treasurys Could Plunge Further - Enclosure 

  • House Panel Passes Bills on Family Offices, Payment for Order Flow
    on July 30, 2021 at 8:07 pm

    Order Flow Improvement Act directs the SEC to study and consider banning or limiting the payment for order flow in the form of exchange rebates or payments from market centers to broker-dealers.      Related StoriesInvestors Lose $1T in China's Wild Week of Market Shocks - EnclosureGary Shilling Sees Growth Slump, Warns Treasurys Could Plunge Further - EnclosureTrump's Tax Returns Can Be Released to Congress, DOJ Tells IRS - Enclosure 

  • Investors Lose $1T in China's Wild Week of Market Shocks
    on July 30, 2021 at 7:59 pm

    Much volatility has been tied to ride-hailing giant Didi Global, with investors experiencing big losses since it U.S. IPO in late June.      Related StoriesGary Shilling Sees Growth Slump, Warns Treasurys Could Plunge Further - EnclosureTrump's Tax Returns Can Be Released to Congress, DOJ Tells IRS - EnclosureBiden Picks Benefits Lawyer to Head Labor's EBSA - Enclosure 

  • Trump's Tax Returns Can Be Released to Congress, DOJ Tells IRS
    on July 30, 2021 at 7:47 pm

    That decision reverses a 2019 opinion that the Treasury Department shouldn't release the returns.      Related StoriesGary Shilling Sees Growth Slump, Warns Treasurys Could Plunge Further - EnclosureBiden Picks Benefits Lawyer to Head Labor's EBSA - EnclosureRobinhood Falls in Debut as Retail Investors Keep Distance - Enclosure 

  • Gary Shilling Sees Growth Slump, Warns Treasury Yields Could Plunge
    on July 30, 2021 at 7:46 pm

    The 10-year Treasury yield could fall as low as 0.50% if the economy continues to grow at a lower-than-expected rate, he says.      Related StoriesTrump's Tax Returns Can Be Released to Congress, DOJ Tells IRS - EnclosureBiden Picks Benefits Lawyer to Head Labor's EBSA - EnclosureRobinhood Falls in Debut as Retail Investors Keep Distance - Enclosure 

  • Medicare Plans Ask EHealth for Stickier Customers: Earnings
    on July 30, 2021 at 7:30 pm

    A web broker says it's spending more on agent training in an effort to increase retention levels.      Related StoriesWhy Can't Some Prospects Ever Make a Decision? - EnclosureMedicare Advantage Plans: A Medicare Customer Question - EnclosureAmeriLife to Acquire a Major Life and Annuity Distributor - Enclosure 

  • Blue Shield of California Hires a Public Affairs Executive: Personnel Moves
    on July 30, 2021 at 4:38 pm

    Anthem named a Medicaid plan chief. Softheon added a chief information officer and a CFO.      Related StoriesBiden Picks Benefits Lawyer to Head Labor's EBSA - EnclosureRobinhood Falls in Debut as Retail Investors Keep Distance - EnclosureFinancial Advisors' Enthusiasm for Annuities Is Growing: Survey - Enclosure 

  • CFP Board Weighs Monetary Penalties in Tougher Sanctions Plan
    on July 30, 2021 at 3:28 pm

    By imposing monetary penalties, the board would be acting like a regulator, which, by law, it's not, Michael Kitces says.      Related StoriesBiden Picks Benefits Lawyer to Head Labor's EBSA - EnclosureRobinhood Falls in Debut as Retail Investors Keep Distance - EnclosureFinancial Advisors' Enthusiasm for Annuities Is Growing: Survey - Enclosure 

  • Biden Picks Benefits Lawyer to Head Labor's EBSA
    on July 30, 2021 at 2:31 pm

    If confirmed, Gomez would join Labor as it works on its new fiduciary rule.      Related StoriesRobinhood Falls in Debut as Retail Investors Keep Distance - EnclosureFinancial Advisors' Enthusiasm for Annuities Is Growing: Survey - EnclosureRBC Wealth Selects Broadridge Platform: Tech Roundup - Enclosure 

  • LPL Tops $1T in Assets and 19,000 Advisors: Q2 Earnings
    on July 30, 2021 at 5:40 am

    The number of net new advisors was 1,442, including over 900 from Waddell & Reed and 200-plus from M&T Bank.      Related StoriesBiden Picks Benefits Lawyer to Head Labor's EBSA - EnclosureRobinhood Falls in Debut as Retail Investors Keep Distance - EnclosureFinancial Advisors' Enthusiasm for Annuities Is Growing: Survey - Enclosure 

  • Robinhood Falls in Debut as Retail Investors Keep Distance
    on July 29, 2021 at 10:21 pm

    "It looks like nobody wants to touch it," said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors.      Related StoriesFinancial Advisors' Enthusiasm for Annuities Is Growing: Survey - EnclosureRBC Wealth Selects Broadridge Platform: Tech Roundup - EnclosurePrincipal Sees Strong Interest in Its Life and Annuity Blocks - Enclosure