Platform by cleverDome Would End VPNs, Shift Data to Trusted Network
At t3 conferernce, cleverDome says it would eliminate the need for VPNs, seeking to move financial data off the open internet.
Woodbury Adds $2B OSJ, RBC Picks Up $1B Teams: Recruiting Roundup
Plus, Raymond James, Baird, Kestra and other firms announce their latest hires.
Questions Arise on Broker Protocol Manager as Morgan Stanley Exits
The law firm in charge of the agreement has powerful clients who are signatories, which could cause conflicts, two attorneys say.
How Advisors Really Use Morningstar Fund Ratings
A recent Wall Street Journal investigation found the ratings have a limited value, but most advisors already knew that.
Morningstar’s Good and Bad 529 Savings Plans in 2017
Morningstar has upgraded ratings for six 529 college savings plans and downgraded ratings for three.
More Retirement Plans Add Auto-Enrollment, Auto-Escalation Features
A survey by Alight Solutions covering nearly 10 million employees and $775 billion in assets found an increase in these savings-boosting strategies.
$2B Trilogy Group Transitions From NPH to LPL
In other news, Ameriprise recruits Wells Fargo reps with nearly $370 million in assets.
Who Wins, Who Loses in Defeat of the CFPB Anti-Arb Rule
Like many battles in Washington these days, the Senate vote against the CFPB rule pits consumer groups against financial institutions and their representatives.
Senate Votes to Kill CFPB Anti-Arbitration Rule
The rule is aimed at making it easier for customers to sue banks. Vice President Pence cast the tiebreaking vote.
Senate Preparing to Overturn CFPB Anti-Arbitration Rule
The House has already voted to void the CFPB rule, and the Senate could vote as early as today or tonight.