August 12, 2020

Merrill's FA Trainee Client Prospecting Pause is Due to Violations: Trainee
The wirehouse “consistently” reviews its policies, procedures and controls “for potential enhancements,” a spokesperson says.
CEOs of Wells, BofA, JPMorgan Pledge to Hire 100K Underserved New Yorkers
They are among 27 CEOs who formed a coalition that promises to make the hires by 2030.
Judge Grants JPMorgan’s TRO Request Against Ameriprise FA
Meanwhile, Paul Riley, whom JPMorgan accused of taking $25 million in client assets to Ameripise, has filed a motion for a reconsideration of the temporary restraining order.
Top Advisors Weigh In: Plan Sponsor Employees Need Help with Finances
Questions include: “What assets do I liquidate in times of financial hardship?”
TD Ameritrade Rolls Out Fractional ETF Trading 
Customers of the company’s pure play robo, hybrid robo and managed account programs will be able to trade fractional shares of ETFs. 
SS&C Boosts Platform Integration with Schwab’s Custodial Platform
Advisors will now be able to send management fees directly and place trades using SS&C’s Black Diamond platform, among other improvements, the company says.
Four Million Older Americans May Be Forced into Early Retirement: Report
Seven percent of workers 55 to 70 years old have left the labor force since March, according to a new report from the New School’s Retirement Equity Lab.
Hightower Invests in $600M Texas-Based Wealth Management Practice
Teak Tree Capital Management caters to entrepreneurs, business professionals and multi-generational families.
Creative Planning Acquires $600M RIA in Ohio
Lenox Wealth Management is at least the sixth acquisition for Creative Planning this year.

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