Lincoln Financial, AIG Launch Fee-Based Annuities: Top Portfolio Products
In other product news, Tortoise, IndexIQ and First Trust launch new ETFs.
California Regulators Check 1% of BDs, Investment Advisor Firms: Report
Less than 270 exams took place in the 2015-16 fiscal year, according to the state's Department of Business Oversight.
New Robo-Advisor Targets Minority Communities
Finhabits is focused on minority clients because many Latinos and African-Americans don't have retirement funds, says founder Carlos Garcia.
First Republic, FiNet Grab Reps From Rivals: Recruiting Roundup
A UBS advisor moves firms in SoCal, while two registered reps with LPL and Edward Jones join Wells Fargo Financial Network.
Acquired RIAs Have Become Acquirers: Dave DeVoe
M&A expert says it was a "breakout year" for sub-acquisitions amid record dealmaking among RIAs.
Growing RIA Grabs $160M Group in SoCal
Mercer Advisors says this is its sixth deal over the past 12 months; it has $9.6 billion in client assets.
LPL CEO Says No Way on Pure RIA
The IBD discusses strategy and the impact of recent high-profile departures during its Q4 earnings call.
SEC's Top 5 Advisor Compliance Failures
An OCIE alert highlights the top deficiencies found in advisor exams.
$4.7 Trillion 401(k) Market ‘There for the Taking’ for RIAs
"It’s a wide open competitive landscape," says Skip Schweiss of TD Ameritrade.
Bogle: ‘Fiduciary Principle Will Live On’ No Matter What
The lower cost funds and fee-based accounts created in response to the fiduciary rule will remain, writes the former Vanguard CEO.