Diana Britton

Diana
Britton
Managing Editor

Diana Britton is the Managing Editor of WealthManagement.com, covering asset management and independent broker/dealers from all angles. A native of Los Angeles, she now lives in Queens, N.Y.

Articles
Cetera
Cetera Financial Institution’s New President to Implement Robo
Cetera’s broker/dealer focused on banks and credit unions has promoted LeAnn Rummel to president and tasked her with adding a digital advice offering to the firm’s wealth management platform.
Neuberger Berman the Latest Sued Over In-House Funds in 401(k) 1
Asset management firms that offer up their own funds inside their corporate 401(k) plans are, in many cases, drawing the scrutiny of class-action attorneys and sympathetic courts.
The Growing Pains of the Liquid Alt Market
Not too long ago it seemed every asset manager was launching an alternative mutual fund. Now, it seems just as many are shutting them down.
LPL Profit Slid 5 Percent in the Second Quarter
LPL Financial reported net income of 53 cents a share, down 5 percent from a year ago, on net revenues of about $1 billion, a 7 percent decline year-over-year. But the firm beat analysts expectations on both figures.
Kranefuss’s Latest Gig: Helping Advisors Sort Through ETFs
In his newest venture, 55 Capital, “the father of ETFs” Lee Kranefuss aims to help advisors make sense of the growing choices in the ETF world.
Mutual Funds That Benefitted Most From the Pokemon Bump
Did your clients' portfolios benefit from the Pokemon Go bounce? Here are the five mutual funds with the highest weighting of Nintendo stock.
Asset Managers Had Worst Year Since Financial Crisis
The asset management industry had the weakest year since the 2008 financial crisis in 2015, with assets under management barely growing at all, says the Boston Consulting Group.
Morgan Stanley Loses $600 Million Team to Independence
A Morgan Stanley team with about $600 million in assets left the wirehouse and joined with an existing RIA to launch a new independent firm called One Seven, to focus not just on clients’ wealth management, but their physical and mental health as well.
House Passes Senior Safe Act 2
The House of Representatives passed a bill last night that would make it easier for financial advisors to report financial abuse of the elderly.
cash in grass
Does SRI Deliver?
Financial advisors are more willing to consider socially responsible investing when it’s seen as a performance enhancer, not simply a values-based screen.
Advisors Used Brexit Dip as a Buying Opportunity
Of those advisors who made changes to client portfolios post-Brexit, many are viewing it as a buying opportunity, increasing allocations to domestic and international equities.
SEC
New SEC Proposal Will Force Advisors to Plan for Succession
The SEC proposed a rule Tuesday that would require investment advisors to put in place business continuity and transition plans.
Stifel Sheds Sterne Agee’s Wealth Management Business
Just a year after closing on its acquisition of Sterne Agee, Stifel Financial announced plans to sell the firm’s independent brokerage, clearing and RIA businesses to INTL FCStone Inc., a commodities and Forex broker.
Mohamed El-Erian
El-Erian to Long-Term Investors: Throw Out Conventional Wisdom
Brexit, the Fed’s inconsistency, negative rates and strange politics are all signals that the economy will soon exit this period of low growth, says Allianz’s Mohamed El-Erian. To survive, investors better throw out conventional wisdom, he warns.
FinLife Partners Could Become the Bigger Part of Joe Duran’s Business
United Capital CEO Joe Duran believes the firm’s FinLife Partners platform could be bigger than its distribution business in two years’ time.
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