For Wealthy Pre-Retirees, What Beats Financial Security?
Affluent retirees shun traditional asset allocation guidance to reduce equities with age.
Ameriprise Adds $463M Employee Team From Merrill Lynch
The three new advisors are based in Northern California and come on board with four other professionals.
Top-Rated 529 College Savings Plans: Savingforcollege.com
There are 17 plans with top rankings based on their flexibility, costs, investment performance and more.
Robo-Advisor Betterment Gets $800M Valuation, $70M in New Funding
Boost comes despite more competition from JPMorgan and others; assets under management more than doubled since last round.
Schwab’s Robo-Related Assets Surge to $19.4B in Q2
Meanwhile, TD Ameritrade says its total client assets jumped 20% from last year.
New App Helps Millennials Create Wills, Trusts
Legal documents can be created quickly with no cost to app users.
FINRA Advances Crackdown on Bad Brokers
FINRA also wants the SEC to allow the SRO to expand its pool of “non-arbitrators.”
Cetera Firms to Pay $2.5M in Restitution; SEC Bars Lawyer: Enforcement
According to FINRA, two Cetera firms disadvantaged certain customers by causing them to pay higher fees than required.
Trading Platform investFeed Trades Equities for Crypto
The social trading platform decided Thursday to stop allowing investors to trade equities on its platform.
Advisors, Plan Sponsors Out of Sync in DC Plan Space
Wells Fargo Asset Management compared its survey advisors to a previous one of plan sponsors to discover the gaps.