16 Best & Worst 529 College Savings Plans of 2016: Morningstar
Of the 63 plans Morningstar rates, almost half have a neutral rating and all three plans with a negative rating are sold by advisors.
Merrill Kills Mutual Fund Sales in IRAs; DOL Rule Sparks Move
The wirehouse says it is making the move to get ahead of the April 2017 DOL fiduciary deadline.
Advisors Using Sector ETFs for Large Chunks of Portfolios: State Street
A State Street survey of advisors and wealth managers found that 85% are using sector or industry ETFs in portfolios.
TD Ameritrade Unveils All-Digital Robo-Advisory
The BD is offering the new service to existing clients currently and expects to launch it nationally in 2017.
5 Best Asset Managers for Tech-Minded Advisors
According to a report from DST kasina, less than 20% of asset managers provide the detailed performance data that 79% of advisors desire.
Advisor Social Media Use Grows, as Do the Different Ways It’s Used
Which platforms are used and how often depend on individual firms, advisors noted at a SIFMA forum, which could change when FINRA issues new guidance.
Future of Robo-Advice Is Bright, With a Catch: Report
Despite low barriers to entry, incumbents cast a shadow over startups.
‘Tainted’ Wells Fargo Facing Advisor Talent Drain: Recruiters
The bank’s “tainted brand” means advisors are less likely to join and some will become more interested in leaving, recruiters say.
Baird, RBC Wealth Add Advisors From Wells Fargo: Recruiting Roundup
Meanwhile, Raymond James picks up a $1.5 million team from UBS in St. Louis.
Senators Demand Clawback Rule in Response to Wells Fargo Scandal
Executive-pay rules under Dodd-Frank offer regulators a chance “to address these accountability issues at major banks,” wrote Sens. Warren and Menendez.