Retirement Industry People Moves
Cetera Expands Retirement Business; Mercer Expands Leadership in Detroit Office; OneAmerica Names West Coast Relationship Executive.
Tag: Broker/Dealer
LPL Acquisition Underscores Need for Scale and Flexibility
At a time when broker/dealer margins are being tightly squeezed, the company estimates the transaction can generate $75 million to $100 million of “EBITDA accretion.”
Many Asset Managers, B/Ds Don’t Trust Compliance Programs
In addition, many are not confident in their firm’s cybersecurity.
SEC Accuses Brokers Advising Federal Employees of Fraud
The SEC’s enforcement action comes at a time when the agency has been focusing more specifically on brokers’ and advisers’ interactions with senior investors.
UBS Challenges Client Recruiting By Former Advisers
A lawsuit filed by UBS against a number of former brokers—accused of too aggressively soliciting old clients immediately after going independent—shows plan participants aren’t the only source of...
LPL Retirement Leader Departure Reflects an Evolving Adviser Industry
There are some important implications for the future of the retirement advisory industry in the organizational history of LPL Financial’s retirement arm and its acquired businesses, particularly NRP.
Top Advisers Let Tech Do the Heavy Lifting
“Advisers who embrace technology—especially solutions to more efficiently handle tedious recurring client-service tasks—are going to be the ones who scale, grow and ultimately win.”
Shareholders Service Group Adopts Advicent Tech
The new partnership shows brokerage firms serving RIAs are committing to delivering new fiduciary-minded technologies, especially scalable personalized advice solutions.
Merrill Lynch Signals More Flexibility in Fiduciary Rule Response
The firm has consistently been an early mover in announcing fiduciary rule implementation plans—and that trend continued this week with the news that ML advisers will retain some...
TradePMR Takes on FinScore Pro
The digital solution will allow advisers to help visualize their risk tolerance alongside recommended portfolio allocations.
FINRA and SEC Announce Compliance Forum for B/Ds
Cybersecurity, investing by seniors, and other regulatory topics of interest will be discussed.
practice management
Assessing Independence
Many advisers would rather venture on their own than affiliate with a B/D
B/Ds That Support Advisers Boost Adviser Productivity
Their practice management programs also help attract and retain advisers.
Merrill Lynch Rethinks Move Away From Brokerage IRAs
Amid the effort to roll back the fiduciary reforms, retirement advice providers that moved early to get into compliance with the proposed conflict of interest standards are left...
Highlights from the PLANSPONSOR DC Survey: Plan Benchmarking
A deep dive into how sponsors are benchmarking their plans—and the results.
Adviser Independence Trends Impacted By Fiduciary Uncertainty
“Regulatory pressure increases the appeal of independence and the need to shift the active versus passive conversation,” according to a new report from Cerulli Associates.
Fiduciary RIAs and Investment Brokers Have Opposing Views
A new Cogent Reports analysis explores the strong difference of opinion about the DOL fiduciary rule visible across different advisory market segments.
Envestnet Teams With Retirement Advisor University
The “Essential Retirement Advisor” program offers broad fiduciary training designed to help advice professionals stay up-do-date with the latest regulatory challenges.
Advisor Group Launches New Brand Strategy
The advisory firm collective is revamping its approach to providing advisers with the “support, partnership, and protection” they seek from a broker-dealer/RIA.
Disruptors Poised For Success in Retirement Space
Nearly one-third of investors globally say they would switch to Google, Amazon or Facebook for banking, insurance and financial advisory services.