Legg Mason Buys Big Stake in Robo-Advisor
The asset manager says the deal will help it boost distribution to partnering advisors coping with new DOL rules.
Waddell & Reed Adds eMoney to Advisor Tech Platform
The broker-dealer, which has about 1,800 advisors, is building a new platform and does not plan to roll out robo-advisor services.
Recruiting Roundup: Ex-Morgan Stanley MD Joins Brinker Capital
Meanwhile, New York Life names Afshar, formerly with Best Buy, to an executive post; IMCA names its new marketing chief.
After the DOL Fiduciary Rule, Enter the Fee-Based Variable Annuity
The long-suffering product class may be ripe for a comeback as hefty VA commissions are frowned upon under the DOL rule.
Estate, Legacy Planning Tech Startup Everplans Gets $6.4M Investment
An online service with more than 100 firms as clients gets Series A funding from insurance firms' VC arms.
JPMorgan to Adopt Fintech Startups With In-House Incubator
Emerging fintech companies to receive access to funds, network; startups attend "In-Residence" program for six months.
4 Useful Hacks for the SEC’s IAPD Disclosure Site
These IAPD tips can be as valuable to you and your firm as they are to investors checking you out.
Bank Customers Favor Robo-Advice: Accenture
Nontraditional banks continue to gain momentum, especially among millennials.
FINRA Fines Deutsche Bank $6M for Bad, Late Trading Data
The failures in the firm's blue sheet data systems involved over 1 million trades from 2008 to 2015.
Biggest Cybersecurity Weakness: Stolen Logins
Traditional antivirus programs aren't enough to stop threats, says Nick Roberts of DefenseStorm.