November 25, 2020
JPMorgan Fined $250M Over Weak Controls in Asset, Wealth Mgmt
The unit allegedly had deficiencies in its risk management practices and broke a rule requiring a suitable audit of all significant fiduciary activities
Outages at Merrill and Others Spark Anger on Day Dow Tops 30,000
Some clients experienced a technical issue when trying to log into MyMerrill and Merrill Edge on Tuesday, a spokesperson said.
Biggest RIAs Get Bigger in 2020: Study
A study by the Investment Adviser Association and National Regulatory Services found the trend toward consolidation continuing apace, with the largest advisors accruing assets much faster than their smaller peers.
Pay-Linked Metrics and Wider Searches Needed to Improve Diversity, Execs Say
“[T]here should be direct accountability in terms of compensation,” said Mellody Hobson, co-CEO of Ariel Investments.
CFP Board Suspends FA Convicted of Aggravated Assault
Timothy Hanna allegedly struck the wife of his son's hockey coach after getting upset about his son's playing time.
Top Advisors Weigh In: Empowering Team Members, Clients to Anticipate Threats
The challenge is adapting to an ever-changing industry, community and world, this FA says.
FWM Holdings and Stanhope Capital to Merge, Forming $24.2B Wealth Mgmt Firm
The combined entity will have 135 employees working out of six offices around the world.
Sponsored WebcastArchive: Taxes Have a Bigger Impact Than You Think
Register today for Thursday's webcast, discussing how financial advisors can help reduce their clients' end-of-year tax bills. This webcast is sponsored by iShares.
Beacon Pointe Merges with $690M Wealth Mgmt Practice in New Orleans
The merger is Beacon Pointe’s second deal since selling a minority stake to private equity firm Abry Partners.