Week ending October 7th, 2016

NOTE FROM THE EDITOR

Happy Friday, PLANADVISER readers. Today’s announcement that Merrill Lynch is underscores the tremendous pressures bearing down on advisory and brokerage businesses, stemming from deep regulatory change and a shift in client expectations. Collected below you will find articles and analysis identifying the top challenges and opportunities advisers face.

Editor's choice

Good Luck Beating Technology Providers at Their Own Game

Enterprise-level adviser technology providers are just fine with winning new business behind the scenes; two industry executives explain why “traditional advisory firms” should embrace them. Read more >

Asset Manager Distribution Strategies Shift With the Times

Internal investment product wholesalers are pursuing advanced degrees and designations to improve their image as “knowledge partners” in the eyes of advisers, according to new Cerulli Associates research. Read more >

DOL Conflict of Interest Rule Could Force Staff Changes

More than half of broker/dealers surveyed by the LIMRA Secure Retirement Institute believe some of their advisers will retire rather than sell under the new. Read more >

J.D. Power Sees Advisers ‘In the Eye of the Storm’

A confluence of generational, technological and consumer preference trends is driving a sea change in the traditional investment advisory business, according to J.D. Power researchers. Read more >

Learning from Advisers with Fast-Growing Practices

Advisers polled said their top three concerns are, first, a lack of focus on driving firm value, followed by the inability to grow client AUM/revenue and the inability to change client demographics. Read more >

MOST POPULAR STORIES

RIA Aggregators Aim for Small-Plan Market Expansion

OneDigital and Ascensus recently announced the availability of a ‘co-created small market solution,’ making OneDigital the latest adviser aggregator to launch a DC plan solution targeted at small businesses.

10th Circuit Affirms Great-West Fee Suit Dismissal

The district court ruling in the case, now backed by an appeals court, stands out for having been filed alongside a sanction declaring the plaintiff’s law firm Schlichter Bogard & Denton behaved “recklessly.”

‘Secure Act 2.0’ Likely to Become a Reality

Retirement Plan Execs Confident Senate Will Pass the Bill Into Law

T. Rowe Price CEO Change Reflects Financial Industry Trends

During a conference call held to discuss the pending retirement of Bill Stromberg, CEO of T. Rowe Price, leaders at the firm highlighted the growing importance of socially responsible investing and the need to improve diversity and inclusion in financial services.

New Bill Would Change Saver’s Credit to Government Match

The Encouraging Americans to Save Act would expand the saver’s tax credit and add a COVID-19 recovery bonus for middle- to low-income workers.

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