Advisors
News updates, trends and analysis on financial advisors, investment advisors (RIAs), and financial planners (CFPs).
BofA Targets Wealthy Florida Clients as Advisors Set to Double
By Katherine Doherty and Max ReyesRevenue for the bank's wealth businesses, including Merrill, rose 14% from a year ago to hit $5.1 billion in the second quarter.
July 13, 2021
BlackRock Boosts SMA Capabilities With Stake in SpiderRock AdvisorsSpiderRock's strategies, available through RIA custodians, are focused on risk management and yield enhancement.
July 12, 2021
U.S. Bank Buys PFM Asset Management BusinessThe unit will keep operating as a separate entity; PFM's financial advisory business is not part of the deal.
July 12, 2021
11 Dreams to Motivate Your Client to InvestWhether it's helping family, leaving a legacy or buying a beach house, having a concrete goal can help your clients save and invest more.
July 12, 2021
Kestra to Pay $10.3M Over Undisclosed Mutual Fund CompensationKestra advisors failed to disclose compensation received by their BD when investing client assets in certain funds, the SEC alleged.
July 09, 2021
Pershing Ordered to Pay $648.5K to More Stanford VictimsA FINRA arb panel rules in favor of more investors claiming losses in the Ponzi scheme run by financier R. Allen Stanford.
July 09, 2021
The Real Reasons Clients Pay AdvisorsTwo principles underlie successful advisors: Provide useful knowledge and help the client avoid mistakes.
July 09, 2021
Securities America to Pay $1.75M for Failing to Protect Clients From Ponzi SchemeAn independent RIA was able to take $8 million from at least 15 clients of the Advisor Group subsidiary, the SEC says.