After 6-Month Surge, RIA M&A Deals Drop Sharply in Q3: DeVoe
The quarter was the weakest the RIA industry has experienced in nearly three years.
‘Financial Caregiving’ Is Widespread and Expensive
"Financial caregiving" is a near-universal part of elder care but has remains largely unexamined. Merrill and Age Wave studied more than 2,000 caregivers.
GMO: Don’t Blame Tech for Stocks’ Overvaluation
The so-called FAANG stocks are up 36% on average year to date through September. But there's more to the story, GMO strategists write.
Cambria Partners With TD Ameritrade on TAMP Alternative: Portfolio Products
In other product news, S&P Dow Jones is now publishing carbon metrics on most of its equity indexes.
Number of Advisors Going Indie Up 75% Since 2012: Schwab
Schwab Advisor Services analyzed SEC registration data to determine the number of advisors who entered the independent space.
Ex-Merrill Broker to Pay $5M Over Excessive Commissions, Fees: Enforcement
Meanwhile, a New Yorker pleaded guilty to securities fraud for his role in a Ponzi scheme involving "Hamilton" tickets.
ESG Bigger in Europe Than in US
Investors in the U.S. are far more skeptical of ESG than their European counterparts, according to a new survey from RBC Global Asset Management.
SS&C Acquires Digital Service Provider Modestspark
The acquisition adds more than 400 clients.
CLS Launches ‘Smart ETF Models’ With No Strategist Fee
The RIA partnered with Deutsche Asset Management, First Trust, J.P. Morgan Asset Management, Pimco and PowerShares.
Stocks Aren’t Spooky, but Expect More Volatility: Schwab
Schwab’s Liz Ann Sonders, Jeffrey Kleintop and Brad Sorensen believe the bull market will continue and suggest investors remain at their target allocations.