Minority-Owned Asset Managers Oversee Less Than 1% of Market: GAO
GAO recommends four practices to help federal entities utilize more asset managers owned by minorities and women.
Clients ‘Obsessed’ With Possibility of a Downturn, Wealth Manager Says
The S&P 500 has climbed higher for over a year without a 5% or higher pullback. And clients are worried.
Orion Announces New Onboarding Portal
Orion announced Tuesday that it is launching a new onboarding portal with support from current partner Mineral Interactive.
FSI Partners With Valuation Platform
Members will receive a discounted rate on the self-service platform to value their firms, benchmark their practice against peers' and find growth opportunities.
Carson Group Renames 2 Business Units
Its institutional business has grown assets under advisement to about $8.6 billion in the past three years.
CFPB Pursues Illegal Student Loan Practices Despite DOE Data Freeze
The agency ordered Collegiate Student Loan Trusts and its debt collector to pay $21 million in fines and restitution for illegal debt collection lawsuits.
FINRA Releases Arbitrator Diversity Data for the First Time
The move follows complaints that arb panels were skewed toward white men and a push by the regulator to add African-Americans and women.
Orion Integrates With FutureVault
Orion Advisor Services announced Monday that it is integrating with FutureVault, a collaborative information management platform.
Rising Health Care Costs Threaten Employees’ Financial Security: Merrill
Employees report that as a result of increasing health care costs they’re spending less, saving less and investing less.
Cetera Taps Ex-AFLAC Marketer as CMO
It also brings back a large financial-institutions client with $507 million in brokerage assets.