The Daily Brief

Too many millennials focus on wants instead of needs, advisors are happy running lifestyle practices and Simply Wall St. raises money.

What the CFA test would look like in the land of robos, report shows how blockchain can revolutionize client onboarding, and HoyleCohen merges with Libbie Agran.

Two Morgan Stanley advisors leave for Merrill Lynch, Socratic Wealth Advisors joins LPL and Orion adds Moody's bond ratings to its portal.

Independent advisors plan to expand their offerings in the next decade, Trust Company of America partners with Millennium Trust on alts and parents need help with college saving.

Financial advisory firms plan to include robo advisors in their offerings, high net worth advisors need to embrace technology and investors care about how a company treats its employees.

Corporate tax reform will happen eventually, a Texas financial advisor pleads guilty to fraud and FIS adds a robo to its offerings.

Americans plan to rely on family, not the government, in retirement; ACG Wealth Names Gregory Fink CEO and household net worth jumps to $94.84 trillion.

StockStream crowdsources buying and selling stocks, companies are offering more financial wellness programs and Umpqua Bank hires a wealth chief.

Nearly 200,000 take the CFA exams, study finds clients aren't healthy enough for retirement and FiNet loses Bison Financial group to Ameriprise.

Investors aren't sure what "goals-based" investing means, asset managers can't turn data into sales and a study funds that the UHNW hide 25 percent of their wealth.