The Daily Brief

Clients have an outsized view of expected returns, CFP Board approves Husson University's financial planning degree program and a New Jersey advisor pleads guilty to defrauding a client.

Key Group Management leaves NPH, Millennials feel inferior to wealthy celebrities on social media and rich parents continue to bail out their kids.

Santander bank creates a wealth division, peace of mind No. 1 among investors and some advisors providing money therapy to wealthy families.

Long-term care rising at three times the rate of inflation, baby boomers feel more confident about retirement and advisors struggle with referrals.

Morgan Stanley fined for failing to supervise sales of UITs, Penn University wins dismissal of retirement plan lawsuit and Focus financial helps member firms merge.

Millennials view investing in companies as charity, Morgan Stanley offers advisors sustainable investing training and Washington Trust adopts SEI's Wealth Platform.

The rush of "initial coin offerings" is a sign of mania, not prudence, millennials are not comfortable investing in the stock market and and a Russian mine yields a massive pink diamond.

Liliane Bettencourt dies at 94, iCapital to acquire Deutsche Bank's private-equity access fund platform, and married couples are more financially secure than single adults.

Ron Carson rebrands, SunTrust expands to New York City, and your form ADV needs to have social media links.

Rising healthcare costs hurt retirement saving, Orion partners with Mineral Interactive on a prospect portal, and Ray Dalio calls Bitcoin a bubble.