See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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John Thiel, who has led Merrill Lynch Wealth Management since 2011, is stepping down from his role to pursue other passions in his life, including working with organizations that help the less fortunate. Andy Sieg, who has led the firm’s...
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Envestnet is the latest firm to create tools to help advisors comply with the Department of Labor’s fiduciary rule, which takes effect next April. The firm’s tools include a best interest assessment, which is integrated cli...
Jeff and Kim Camarda, two Florida-based advisors who filed a lawsuit against the CFP Board in June 2013 after being sanctioned by the organization for calling themselves "fee-only" advisors, took a blow in their legal battle on Tuesday...
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Because women have a longer life expectancy than men, they spend more time in retirement and have to stretch their savings longer. But many female retirees are surprised by their post...
LPL Financial decided to leave the Financial Services Institute earlier this summer, but now three of its largest offices of supervisory jurisdiction have joined the advocacy organization...
Alternative investments shop 361 Capital plans to acquire BRC Investment Management, which provides separately managed account strategies primarily for institutional investors. The deal is 361’s first acquisition and first foray into the...
(Bloomberg) -- Some of the biggest electronic traders are complaining that a new test in the U.S. stock market will compromise their top-secret strategies, one of their most valuable assets...
The prolonged bull market has created unreasonable expectations among U.S. investors, and it could be eating into their savings. According to new research from Natixis Global Asset Management, investors now need an 8.5 percent annual re...
(Bloomberg) -- Wall Street figures accused of insider trading are keeping a close eye on a U.S. Supreme Court appeal by a Chicago grocery wholesaler trying to overturn his conviction for buying stock based on information leaked by a relative...
The fee structure of the investment management industry—a percentage of assets under management—has been around for so long, and is so ubiquitous, that it almost goes unnoticed. Arguments can be made over whether the percentage is too...
