Advisory M&A News – 7/15/24
Wealth Enhancement Group acquires Peak Financial Services and Rock House Financial; Dalton joins Cetera Advisor Networks, and Rally Wealth and...
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Investment Advisers Have Election Jitters
Advisers expect the stock market to experience more volatility in 2024 than in the previous year.
June Pension Funding Ratios Soar With Interest Rate, Equity Gains
Another robust month for pension funding status puts an ‘exclamation point’ on a strong streak even as the Fed considers...
Younger Generations Seek Out Advisers Earlier
Demand for financial advice is at an all-time high, Northwestern Mutual reports.
Pensionmark is Now World Investment Advisors
The rebrand of the retirement plan and wealth advisory division is meant to strengthen alignment with parent company World Insurance...
J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings
Stifel and Commonwealth ranked highest among employee advisers and independent advisers, respectively.
Advisory M&A News – 6/3/24
Citizens adds Boston-based adviser team; SLK Private Wealth welcomes team with over $300 million in client assets; 5 business lines...
Retirement Plan Tax Credits for the Smallest Employers Gain Traction in Congress
The RISE Act would raise credits for micro-businesses with less than ten employees.
Rep. Sean Casten: SEC Climate Rule Will Protect Investors from Risk
Many investors are unaware of the climate-related risks that their assets carry, the Congressman argues.
Advisory M&A News – 4/1/24
NFP acquires Get Medical Plans; UBS Financial Advisors announces formation of Stone Harbor Group; Wealth Enhancement Group adds Piermont Wealth...
5th Circuit Stays SEC Climate Disclosure Rule
A case brought by three Republican-led states and the fossil fuel industry has successfully paused the recently finalized rule.
Concerns About Scope 3 Disclosure Continue to Haunt SEC Climate Disclosure Proposal
A House subcommittee hearing resulted in significant opposition from agricultural interests.
Advisory M&A News – 12/26/23
Wealth Enhancement Group acquires Asset Management Resources; Millennium Trust acquires Maestro Health’s consumer directed benefits business; Kestra Private Wealth Services...
SECURE 2.0 Provisions Advisers Need to Know in 2024
Groom Law Group, Chartered, compares current retirement provisions with new ones that take effect in 2024.
Former Maryland Governor Martin O’Malley Confirmed as SSA Commissioner
O’Malley says he will set his focus on employee morale and improving Social Security Administration response time.
Congress Publishes SECURE 2.0 Corrections Draft Legislation
The bill would correct errors related to catch-ups, RMDs and Starter Plans.
‘You Know What the Rules Are,’ Gensler Tells Crypto Industry
The oft-critical SEC chair repeated that the cryptocurrency industry is unusually non-compliant with securities laws.
NFP Acquires Divergent Wealth Advisors
The deal expands NFP’s wealth management and retirement capabilities, while broadening its reach in the Western U.S.
Construction, Farming, Among Sectors with Lowest Retirement Plan Access
There is a role for financial advisers, accountants, and payroll providers to improve the plan coverage gap across industries, alongside...
Florida Man Buys Massive Black Diamond with Ill-Gotten Crypto Gains, SEC Says
The SEC alleges that Richard Heart offered unregistered cryptocurrency and spent investor assets on personal luxury goods.