May 2022

Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here. MARKHAM, Ontario, May 31, 2022 (GLOBE NEWSWIRE) — Worldsource Wealth Management Inc. (Worldsource), a subsidiary of Guardian Capital Group Limited (Guardian), today announced the launch of cutting-edge financial planning fromRead More →

The Social Security Administration pays out $1 trillion in annual benefits to tens of millions of people. Widely regarded as the most popular government program, it doesn’t deserve these plaudits thanks to its customer service. People who need help from one of Social Security’s 1,230 field offices often find thatRead More →

Wealth managers still wrap their arms around the best interests of SEC regulation, even as they try to discredit the view that the 2020 rule has failed. changed industry practices. That was the key takeaway from a May 18 panel at FINRA’s annual conference featuring two industry governors from theRead More →

A giant wealth manager looking to tap into opportunities in a consolidating industry channel has struck a deal to make its biggest acquisition in more than two years. Advisor Group will buy Infinex Financial Holdings, the parent company of a growing but still mid-sized wealth manager, which has around 750Read More →

Depending on whether you are a wealth manager, solution provider or regulator, the question “what is fintech?” can be answered in a slightly different way. But the bond that unites us is innovation. Industry players and industry watchers agree that without it, you might just be making apps. “It goesRead More →

What motivates top advisers who drop the ball to risk disrupting the momentum by making a move? There’s no doubt that every advisor wants to improve their ability to grow their business. But ultimately, most will share that the quest to provide more – and better – service for customersRead More →

This year’s Morningstar Annual Investing Conference in Chicago touched on big themes and new ideas on its first day: the individualization of investing, inflation, changes in sustainable investing and the risk of recession due to Russia’s invasion of Ukraine. From “active customization” to “shoring friends” to SUVs and Formula 1Read More →

A screenshot from FINRA’s annual conference in May 2022 shows CEO Robert Cook in conversation with SEC Chairman Gary Gensler during a session at the event.FINRA Add SEC Chairman Gary Gensler to the growing chorus of regulators and critics calling for tougher rules on complex products, despite cries of protestRead More →

Although market conditions are making the life of financial advisors more complicated by the day, answering the question of what planners will be paid in 2022 is quite simple. In many cases, it will be the same as last year, with the exception of inflation which potentially plays with payments.Read More →

Disclosures: This document does not provide personalized investment advice. It has been prepared without taking into account the personal financial situation and objectives of the people who receive it. Morgan Stanley Smith Barney LLC (“Morgan Stanley”) recommends that investors independently evaluate specific investments and strategies, and encourages investors to seekRead More →

NEW YORK–(BUSINESS WIRE)–May 11, 2022– Equitable, a leading financial services company and subsidiary of Equitable Holdings (NYSE: EQH), has launched a unique partnership and curriculum with Columbia University. The program invites finance professionals to study a specific curriculum focused on holistic financial planning and supporting clients in achieving their lifeRead More →

NEW YORK–(BUSINESS WIRE)–Equitable, a leading financial services company and subsidiary of Equitable Holdings (NYSE: EQH), has launched a unique partnership and curriculum with Columbia University. The program invites finance professionals to study a specific program focused on holistic financial planning and supporting clients in achieving their life goals and dreams.Read More →

With RIA reaching new milestones every year, a billion-dollar practice has gone to an old friend who helped get it started when the two companies started a decade ago. Financial advisers Brad Kowalczyk, Mark Moshier and Scott McCartney of Ascent Wealth Partners, an RIA with three offices in upstate NewRead More →

The human brain is amazing. Although the average human brain weighs only about 3 pounds and is just under 6 inches long, it can do things that no supercomputer can match. He can reason, create and show empathy. It can remember the past, plan the future, and live the presentRead More →

A financial adviser faces charges of theft, conspiracy and impersonation of a law enforcement officer after detectives linked him to a bizarre botched crime in the summer of 2020. Anthony A. Naso was arrested May 4 in Paramus, New Jersey, after investigators reviewing DNA evidence, surveillance footage, vehicle records andRead More →

Budgeting and financial planning are two terms that are easily confused. Both apply to personal finance and both are activities that can help you succeed financially now and in the future. Yet, even though the two go together, they are not the same. Here’s how they differ and how theyRead More →

People come and go. But financial advisory firms are seeing a bit more lately these days. Last year, about 7% of FINRA-registered representatives left the industry while only 6% entered the space, according to a FINRA Instant Report. As a result, the total number of representatives registered with FINRA continuedRead More →

What do you want to know Orion’s new tool helps advisors keep clients calm during market volatility and improves financial results. Envestnet announces several spring updates that improve its platform. Snappy Kraken acquired industry website builder and advisor website from existing integration partner. Orion Advisor Solutions has added behavioral financeRead More →

Acquiring wealth management group Fairstone has completed the purchase of a Cumbrian financial planning firm as the latest addition to its growing portfolio. North East-based Fairstone said Carlisle-based Financial Concepts directors Darren Turnbull, Anthony Phillipson and Nigel Shackleton decided to join Fairstone to support growth ambitions. Financial Concepts joined Fairstone’sRead More →

Financial advisors play a major role in preventing fraud and exploitation of older adults, but in some situations they must rely on their firm’s hardened teams and systems, experts say. Wealth managers and advisers from companies such as Wells Fargo Advisors, Morgan Stanley, Fidelity Investments, Commonwealth Financial Network and LincolnRead More →

There’s a lot of wisdom in simplicity, especially when it comes to investing. You don’t need advanced degrees and genius intelligence to be a successful investor. Above all, it requires common sense and a lot of discipline. Warren Buffett mentioned this idea in a 2010 interview published in Forbes magazine.Read More →

With compliance risk and expense increasing across wealth management, two of the largest firms have settled cases alleging thousands of reporting and record-keeping errors. Morgan Stanley and UBS Financial Services have agreed to pay a combined fine of $575,000 under respective settlements on April 25 and April 27 after FINRARead More →

NEW YORK, May 3, 2022 /PRNewswire/ — ALM has released a new headline, The psychology of financial planningdeveloped in partnership with the Certified Financial Planner Board of Standards, Inc. (CFP Board). The psychology of financial planning is the first title to cover the six core knowledge topics in the fieldRead More →

In a rare move with huge potential impact on FINRA arbitration, a state regulator is seeking to reverse the removal of a client’s complaint from a UBS broker’s record. Harvey R. Linder’s decision last year allowing five client complaints to be expunged from financial adviser Kent Kirby’s file was theRead More →