Advisers Believe AI Will Create Competitive Advantage
They plan on using it to better understand clients’ needs.
Tag: RIA
RIAs Predict 41% of New Clients Will Be Gen X, Millennials by 2023
This will mean shifting their current focus from Baby Boomers, TD Ameritrade learned in a survey.
Nationwide Debuts New Website for Advisers and RIAs
The site was redesigned using advanced analytics and Artificial Intelligence to better understand their wants and needs.
Participants Achieved Six-Figure Average 401(k) Balance in 2017
Fidelity has updated its quarterly analysis of the average retirement savings balances across its book of business, and the results are once again quite encouraging.
SEC’s New Form ADV Expands Scrutiny on Registered Advisers
Additional information RIAs must now disclose on the Form
ADV may help the SEC develop an automated system to single out firms for
examination.
Industry Trends Threaten Traditional Broker/Dealer Model
Broker/dealers
(B/Ds) can address new regulatory pressures, and new competition, by enhancing
their value proposition and embracing technology, a report by Cerulli suggests.
Data from Cerulli Shows Boutique Consultants Focused on Mid-Market
“The midsized plan asset segment is representative of the DC
market segment in which the boutique DC consultant is most prevalent and
growing its marketshare,” Cerulli reports.
SEC Accuses 403(b) Plan Advisory Firm of Conflicts-of-Interest
Envoy Advisory submitted an offer of settlement which the SEC accepted.
Retirement Industry People Moves
Cetera Expands
Retirement Business; Mercer Expands
Leadership in Detroit Office; OneAmerica Names West
Coast Relationship Executive.
Retirement Industry People Moves
Veirphy Analytics Names Chief Growth Officer; Newfleet Brings on Head of Institutional Business Development; Lincoln Financial Group Hires Retirement Planning Leader; and more.
Folio Institutional Revamps Website
Informational materials on the redesigned site include “how to” articles and case studies.
Advisers Seeking Improved Practice Management Support
The most popular practice management programs this past year
dealt with Social Security and managing portfolios in light of uncertainty in
the markets.
RIA M&As Hit Record in First Quarter
There were 44 transactions in the first quarter, up 29% from 34 in the first quarter of 2016.
TradePMR Takes on FinScore Pro
The digital solution will allow advisers to help visualize their risk tolerance alongside recommended portfolio allocations.
Trust Company of America Adopts MoneyGuidePro
The software would allow RIAs to pull client data into illustrative planning technology.
RIA Industry Sees Stalling Organic Growth
Data provided by Fidelity shows organic growth among RIA
firms dropped again in 2015; yet there is reluctance to take on major change
in terms of pricing and value proposition.
Investment Industry Must Double Down on Fairness and Transparency
In the retirement planning and investment industry of the near-
and long-term future, providers’ motivations will play a deep role in
determining success.
Advisory Firm Opens to Guide University Employees
In addition to offering retirement-guidance to university employees, Provizr also offers an automated portfolio-management option.
Cybersecurity Defense from Schwab Advisor Services
The firm announced availability of a new suite of resources
and tools to help independent financial advisers develop, strengthen and
maintain their cybersecurity defense.
Fiduciary Training from fi360 Considers DOL Shift
Multiple broker/dealers
are gaining access to fi360’s Fiduciary Essentials for Advisors program.