Industry Voices Object to SEC Safeguarding Rule
Adviser advocacy and interest groups expressed disapproval for the SEC’s proposal, citing discretionary trading concerns and limiting annuity use.
Tag: RIAs
New RIA Aims to Advise Plan Sponsors on Diligent Annuity Selection
Experts in the insurance and asset management industries have launched Annuity Research & Consulting to advise 401(k) plan sponsors and...
Accelerate Retirement Spins Off From Aggregator NFP
As an independent advisory, the firm expects to be more ‘nimble’ in meeting both adviser and client needs.
JPMorgan’s First Republic Takeover Brings Chance of Keeping 150 Wealth Advisers
JPMorgan CFO Jeremy Barnum cites wealth management division as positive amid a deal the bank “did not seek out.”
Altruist Pitches Tech, Personalization to Advisers
According to the financial tech custodian’s head of investing, RIAs are shifting more into ‘holistic’ needs, including retirement saving.
65% of Financial Advisers Braced for Recession
The majority (42%) believe it will be a “short and shallow” decline, according to an annual Nationwide survey.
Investment Group Calls On FTC to Exempt Execs From Non-Compete Ban
The IAA wants to keep non-compete clauses for employees with access to proprietary investment data, as the end of the...
New Retirement Firm Aims to Partner with Generalist Advisers
Freedom Fiduciaries seeks to manage plan fiduciary duties so smaller financial advisories can focus on client relationships, wealth management.
Advisory M&A
Aristotle acquires $20B Pacific Asset Management; Beacon Pointe Advisors acquires $1B NY-based advisory; Cetera takes minority stake in $350M adviser;...
Adviser M&A Deals Bounce Back in Volume, Worth in Q1
Echelon’s quarterly M&A report found private equity financing helped push Q1 2023 numbers above Q4 2022 results.
Pensionmark Appoints New M&A Head to Push Growth
Former Envestnet M&A lead joins Pensionmark about one year after the firm was acquired by World Insurance with goal of...
Beyond Comp: What Makes Advisory M&A Deals Stick
When it comes to setting up a successful long-term relationship with top advisers, firms still generally rely on sticks instead...
Investment Product and Service Launches
Investably announces business valuation service; BM Advisers launches smallcase BM Nifty Top 20; First Trust Dynamic Europe Equity Income Fund...
SEC Reopens Comment Period for Proposed Cybersecurity Rules
The rules from the February 2022 proposal include new recordkeeping requirements, and industry actors requested more time to review them.
Retirement Industry People Moves
T. Rowe Price announces Shen as Chief Data Officer; New York Life Appoints Tillotson as Chief Compliance Officer; O'Brien named...
Advisory M&A
Savant Wealth adds retirement services with Capital Directions deal; PE firms CD&R and Stone Point acquire Focus Financial in deal...
Early Years Are Formative for Female Advisers’ Success, Survey Shows
Female advisers reported needing up to 10 years of experience to feel confident in their profession.
Advisory M&A
Sequoia acquires Zeke Capital Advisors; iTrustCapital integrates with Fortress Trust; Hightower invests in Bickling Financial Services; and more.
Advisory M&A
Cetera invests in $1.7B Kansas-based advisory; Atria snags two adviser practices from LPL; and more.
Retirement Industry People Moves
Lincoln Financial Group names Vince Garzarella VP; Northern Trust Asset Management names new presidents; Empower promotes Noble to general counsel;...