Find the latest industry news below.

  • This Is No 2008
    on March 20, 2023 at 7:53 pm

    The current banking turmoil is quite different from the 2008 financial crisis, Bob Doll and others say.      Related StoriesJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBuilding Retirement Income Requires More Than Monte Carlo Wizardry - EnclosureHere's the Salary Needed to Live in the 12 Most Expensive U.S. Metro Areas - Enclosure 

  • House Plans First Hearing on SVB, Signature Bank Failures
    on March 20, 2023 at 7:40 pm

    Reps. McHenry and Waters also told GAO Monday to begin an "immediate" investigation into the banks' collapse.      Related StoriesUBS to Buy Credit Suisse in $2B Deal - EnclosureJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - Enclosure 

  • What UBS' Credit Suisse Deal Means for Advisor Recruiting
    on March 20, 2023 at 7:24 pm

    The acquisition is expected to create a business with over $5 trillion in total invested assets.      Related StoriesUBS to Buy Credit Suisse in $2B Deal - EnclosureJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - Enclosure 

  • Biden Vetoes Anti-ESG Bill
    on March 20, 2023 at 6:47 pm

    The bill would have thwarted a rule allowing retirement portfolio managers to weigh climate change and other ESG issues.      Related StoriesUBS to Buy Credit Suisse in $2B Deal - EnclosureJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - Enclosure 

  • Jamie Hopkins: SVB Collapse Is Wake-Up Call on Cash Management
    on March 20, 2023 at 6:44 pm

    Where should clients park their cash, and how much cash is too much?      Related StoriesMore Advisors Breaking Away to Serve Retirees: CEO - EnclosureGood Advisors Can't Ignore the Inequities Following Women Into Retirement - EnclosureBeware the Medicare Surcharge When Crafting Retirement Income Plans - Enclosure 

  • CFP Board Launches New Awareness Campaign
    on March 20, 2023 at 4:54 pm

    The $12 million "It's Gotta Be a CFP" campaign targets financial decision makers aged 35 to 64.      Related StoriesUBS to Buy Credit Suisse in $2B Deal - EnclosureJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - Enclosure 

  • Bank Stress Signals Bear Market End: Morgan Stanley Strategist
    on March 20, 2023 at 4:24 pm

    "The last part of the bear can be vicious and highly correlated," Michael Wilson said, with prices poised to fall sharply.      Related StoriesJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureS&P 500 Close to Wiping Out 2023 Gains - EnclosureUBS to Buy Credit Suisse in $2B Deal - Enclosure 

  • First Republic Slides Even as Regional Bank Stocks Rebound
    on March 20, 2023 at 3:33 pm

    Bank stocks "are more inexpensive today than they were during the pandemic," said Baird analyst David George.      Related StoriesJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureUBS to Buy Credit Suisse in $2B Deal - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - Enclosure 

  • El-Erian, Yardeni & Gundlach on Bank Turmoil, Market Impact
    on March 20, 2023 at 3:17 pm

    "We aren't raising our recession odds just yet, but we may have to do so," said Ed Yardeni of Yardeni Research.      Related StoriesUBS to Buy Credit Suisse in $2B Deal - EnclosureJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - Enclosure 

  • 5 Tax Planning Strategies for Clients Who Own a Small Business
    on March 20, 2023 at 5:26 am

    Here are five strategies to share with your small-business clients that may help them lower their tax burden and keep more money in their pockets.      Related Stories5 Advisors Warn: Don't Dabble in 401(k) Plans! - EnclosureJamie Hopkins: SVB Collapse Is Wake-Up Call on Cash Management - EnclosureMore Advisors Breaking Away to Serve Retirees: CEO - Enclosure 

  • Ed Slott: New IRS Guidance Clarifies 2023 RMDs
    on March 20, 2023 at 5:18 am

    Warn clients who turn 72 this year that they might get an incorrect RMD notice, Slott advises.      Related StoriesUBS to Buy Credit Suisse in $2B Deal - EnclosureJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - Enclosure 

  • UBS to Buy Credit Suisse in $3.3B Deal
    on March 19, 2023 at 7:44 pm

    The deal includes a price per share that is nearly 100% lower than Credit Suisse's peak stock price in 2007.      Related StoriesJeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair - EnclosureBiden Seeks Tougher Penalties on Executives of Failed Banks - EnclosureNASAA Lowers Passing Score for Series 65 Exam - Enclosure 

  • What If the Index in an Indexed Annuity Goes Away?
    on March 17, 2023 at 10:38 pm

    A lawyer says standard contracts include provisions for index changes.      Related StoriesRising Rates Push Sales of Individual Deferred Annuities Higher: Wink - EnclosureHow Sallie Krawcheck's Ellevest Is Investing in Women - EnclosureChatGPT Use Will Become an Industry Trend: Brian McLaughlin - Enclosure 

  • Social Security COLA Below 3% Looks Likely for 2024
    on March 17, 2023 at 9:40 pm

    A 0% COLA is possible if inflation continues to ease, says Mary Johnson of The Senior Citizens League.      Related StoriesBuilding Retirement Income Requires More Than Monte Carlo Wizardry - EnclosureHere's the Salary Needed to Live in the 12 Most Expensive U.S. Metro Areas - EnclosureSo Your Clients Want to Invest in AI? Here's What to Know - Enclosure 

  • Jeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair
    on March 17, 2023 at 9:20 pm

    "I don't think this market's going down much further," the economist said.      Related StoriesHigher Rates Buoy Retirees and Pensions Alike, but for How Long? - EnclosureInvestors Contemplate Rates Reaching 6% - EnclosureSiegel: Strong Economic Data 'Really Changed the Picture' - Enclosure