A consulting practice accused of fraudulently selling $40 million in variable annuities to federal employees has lost to the SEC in court and also faces an ongoing civil lawsuit in the case. Former LPL Financial registered representative Jonathan Dax Cooke and the firm he co-founded, Keystone Capital Partners, which operatedRead More →
A financial adviser has been sentenced to 52 months in prison after admitting to spending nearly $1 million of his clients’ money on vacations, jewelry, private school tuition and other purposes personal. Naseem M. Salamah forged authorization documents disbursing more than $968,000 to bank accounts he controlled between August 2017Read More →
Editor’s Note: This story has been updated to reflect Sen. Joe Manchin, a Democrat from West Virginia, opposing Biden’s proposed “minimum income tax for billionaires.” Manchin’s lack of support, first reported by Bloomberg News, means the proposal to tax unrealized gains is almost certainly no longer an option, given thatRead More →
Financial institutions are looking to the workplace as an area to grow their wealth management business and are investing in technology to tap into the market. Goldman Sachs on Tuesday announced plans to acquire NextCapital, a Chicago-based digital retirement advisory provider. Terms of the deal were not disclosed, but itRead More →
TIAA has been named the Official Retirement Financial Planning Partner of the NBA’s Charlotte Hornets. Tweet that “We are thrilled to partner with TIAA and have them as our official retirement financial planning partner,” said Hornets Sports & Entertainment. President & Vice-president Fred Whitfield. “The culture and values of ourRead More →
No matter where you are in life, whether getting started or planning for retirement, a session with Kellen Lipscomb can help you create a plan for your goals. And it’s at no additional cost to your retirement plan. You’ll get answers to these questions and more: Am I invested inRead More →
Passionate educator and financial literacy advocate Zonéke Domino-Thomas seeks to impact the lives of young clients by launching her new website Zonéke Domino-Thomas, MBA takes her passion for teaching financial literacy to the next level by announcing her intention to work with the younger generation. In a related development, theRead More →
After bolstering its recruiting team last year, Cetera Financial Group has just recruited a major team from a rival that includes two 20-year veteran financial advisers. Michael Breard and Ray Hays of Baton Rouge, Louisiana-based Hays Breard Financial Group left LPL Financial to align with Cetera Advisor Networks as aRead More →
Advyzon, one of Financial planning best fintechs to work foris the latest wealth technology company to offer outsourced investment management services. The company – which provides an all-in-one technology solution including CRM, portfolio management and reporting to approximately 1,000 financial advisors – announced the launch of Advyzon Investment Management (AIM),Read More →
Of the relationships that technology teams have with other departments in the business, the potential for improved IT-finance collaboration is probably the most underexplored. This is particularly poignant when considering how financial data can best guide business strategy. Take, for example, the ubiquitous and unassuming concept of free shipping inRead More →
About a year later to agree In one of the biggest workplace discrimination settlements of 2021, Edward Jones is facing another potential class action lawsuit involving his treatment of financial advisers. In a lawsuit filed March 9 in federal court in St. Louis, brokers Katie Dixon and Jaime Gaona accuseRead More →
To say that my career has changed since the start of the global pandemic is a huge understatement. It was spring 2020. I was a senior at Belmont University in Nashville majoring in music business. After a huge amount of work, the career I had dreamed of since I wasRead More →
Rachel Robasciotti said when she talks about diversity, equity and inclusion issues in 2022, she captures more ears than just a few years ago. Robasciotti – founder of an impact investing company Adasina Share Capital and co-creator of Due Diligence Commitment 2.0 — is one of many finance professionals whoRead More →
Houston innovators needn’t have been wary of the March Ides of this year. With all the excitement at SXSW, CERAWeek, and Houston Tech Rodeo this month, there were some titles you might have missed. In this roundup of short stories within Houston startups and tech, Houston startups announce new fundingRead More →
The relationship between women and the wealth management industry needs repair, according to two recent studies. The surveys, conducted by UBS Global Wealth Management and BNY Mellon, highlight all the ways the sector is failing women. Among the findings of both studies, women don’t feel like the target audience forRead More →
Company’s Proprietary Planning Platform Named Best InsurTech Solution MILWAUKEE, March 17, 2022 /PRNewswire/ — North West MutualEfforts to create the most exceptional customer experience in the financial industry are garnering industry attention and praise. Today, financial services company FORTUNE 90 announces that its proprietary financial planning platform has won “BestRead More →
UBS conducted a study last year and shared that only 20% of couples are equally involved in financial decisions. Among more than 70% of millennial women (those born between the early 1980s and the 1990s) defer to a spouse for financial decision making. Nearly 95% of millennial men would likeRead More →
A company thinks it has the answer for independent advisors to stand out in an increasingly crowded market: artificial intelligence. UX Wealth Partners provides RIAs with outsourced technology and AI-powered investment management. Its latest addition is the AI Sentiment US Equities All Cap Model Portfolio, which uses an algorithm toRead More →
Financial freedom is generally defined as “a state in which an individual or household has sufficient wealth to live on (maintain a predefined lifestyle) without having to depend on income from any form of employment. Over the past few decades, views on financial freedom have also changed over time. ForRead More →
ABU DHABI – In a move aimed at strengthening bilateral economic relations and investments between the United Arab Emirates and the Republic of Paraguay, the Emirates Development Bank (EDB) has held talks with a high-level official delegation from the Financial Agency for the Development of Paraguay. The talks took placeRead More →
As wealth managers slam SEC cases as ‘regulation by execution’, one company has agreed to pay what is probably the biggest settlement to date in the series execution actions. City National Rochdale, an RIA subsidiary of City National Bank and New York-based parent RBC, will pay $30 million to settleRead More →
Intermountain Healthcare has a reputation for being an innovative healthcare system, with caregivers and IT managers always looking for ways to expand its footprint and broaden the options for patients to receive care in their preferred environment, whether virtual or in person. This mission applies to Intermountain’s hospitals, medical groups,Read More →
In a step that aims to strengthen bilateral economic relations and investments between the United Arab Emirates and the Republic of Paraguay, the Emirates Development Bank [EDB] – a key financial driver of the UAE’s economic diversification and industrial transformation agenda – held talks with a high-level official delegation fromRead More →
COVID-19 has seriously tested and exposed gaping weaknesses in financial planning and analysis (FP&A) for the manufacturing sector. Predictions and models based on traditional historical data failed in the face of a massive and unique disruption. The finance and accounting departments quickly retreated and focused on cash flow forecasting toRead More →
ABU DHABI, 10th March, 2022 (WAM) — In a step that aims to strengthen bilateral economic relations and investments between the United Arab Emirates and the Republic of Paraguay, the Emirates Development Bank (EDB) has spoken with a high-level official delegation of the Financial Agency for the Development of Paraguay.Read More →
Israel’s financial planning and analysis (FP&A) platform for Excel DataRails users today announced that it has completed a $50 million Series B funding round led by Qumra Capital. New investors La Maison Partners and ClalTech, as well as existing investors Zeev Ventures, Vertex Ventures Israel, Innovation Endeavors, Vintage InvestmentRead More →
MUNCIE, Ind., March 10, 2022 /PRNewswire/ — Moneytree Software, LTD, an Accutech Systems Corporation company and a leading provider of cloud-based financial planning solutions, today announces the celebration of 40 years of growth and success in the financial planning industry, as well as a new summary feature within the MoneytreeRead More →
Yesterday Apple CEO Tim Cook revealed that they have struck a deal with MLB for an exclusive slate of game streams on Apple TV+. The Friday night doubleheaders mark the latest sign that Apple is very serious about getting into live sports, on the heels of the tech giant’s reportedRead More →
Pictured (LR): Josh Richardson, Sarah Williams, Anjeanette Kemp, Joe Sanders and Jessica Crawford An East Yorkshire Chartered Financial Planners company has been the subject of a management buyout (MBO). Eight employee shareholders of Informed Financial Planning form the buyout team, six of whom have qualified with the company. Founder andRead More →
WASHINGTON, March 8, 2022 /PRNewswire/ — Certified Financial Planner Board of Standards, Inc. has released two new resources for businesses to help build their financial planning capabilities and support their professionals. The first one, From designation policy to designation strategy — A roadmap for law firms, urges companies to beRead More →
College athletes are tapping into new revenue opportunities at a time when fraud detection and prevention remain troubling issues. A new law school conference will offer free education sessions to star players and other students in an effort to help them protect their money. Later this month, the University ofRead More →
A management buyout has been set up at a company of licensed independent financial planners in East Yorkshire. Eight employee shareholders of Informed Financial Planning (IFP) make up the buyout team, including six qualified within the firm. Founder and owner Kevin Ferriby sells majority ownership to employees over a periodRead More →
The coronavirus pandemic has helped increase awareness of the benefits of financial planning among younger generations, according to the National IFA Continuum. The IFA has found that the pandemic has left clients more open to including family members in the estate planning process. As a result, more Continuum clients areRead More →