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Time for RIAs to set transition plans as SEC steps up focus
Regulator turning attention to how risks arising from advisers' asset management business might cascade throughout the economy.
Envestnet acquires tech company Upside
Outsourced investing platform will use Upside's portal for financial planning and investment management in effort to keep advisers ahead of robo trend.
Vanguard may expand fast-growing virtual investing service to advisers
Pilot raised more than $9 billion last year along with hopes for more direct-to-consumer fund sales.
Fidelity combines clearing and custody units, creates tech division
Fidelity Investments combined its clearing and custody units on Tuesday and created a new technology division. Fidelity Clearing and Custody will be headed by Sanjiv Mirchandani, the president of National Financial. The combined clearing and custody units ended 2014 with $1.5 trillion in assets
Some RIAs cautious of using alts, despite industry buzz
A typically conservative group, some advisers are holding back even as demand picks up.
Fidelity records massive profit, despite fund outflows
Boston mutual fund and brokerage giant increased its earnings by 29% last year despite surging investor redemptions of its mutual funds.
A new entry point for gold investors takes on GLD
Just as gold is regaining its luster with investors, Bank of Montreal's new gold deposit receipt program offers a new way to tap into the market for the precious metal. The Bank of Montreal's gold deposit receipt program, GOLDRs, which is aimed at U.S. investors, is SEC-registered and DTC-eligible,
5 steps to incorporating a robo into your firm
It's time for financial advisers to start figuring out how to integrate an online advice solution into their businesses because clients will increasingly expect financial services to be delivered this way. Some early adopters of online adviser operations are using it to target clients with smaller
Why advisers are worried about eMoney's acquisition by Fidelity
Deal stirs concerns that Fidelity may cut off other custodian's access to popular software.
Exclusive: Fidelity to acquire eMoney Advisor in major adviser-tech deal
The Boston fund giant will acquire eMoney Advisor, a top financial-planning software manufacturer, in a move that could resonate as one of its most potent adviser-technology deals to date.
TD Ameritrade Institutional launching Veo One dashboard for advisers
Platform allows immediate connection to applications such as DocuSign, Laser App Anywhere, MoneyGuidePro, Orion Advisor Services and Redtail.
Pershing, courting digital wealth managers, teams with Motif
Pershing is partnering with Motif Investing Inc. as the online brokerage start-up looks to expand its services for financial advisers in the U.S. and extend its reach internationally, an executive from the custodian said Monday.“A lot of people talk about the threat of digital. We don't really see
Client demand for simpler technology challenges independent broker-dealers
An increasingly tech-savvy investor base is challenging independent broker-dealers to meet the demand for simple technology in a way that fits into the complexities of advisers' businesses and keeps investors' personal information protected. “The benchmark is being set, whether we like it or not,”
Fidelity fined $350,000 in billing snafu
Finra said the firm overbilled more than 20,000 fee-based accounts in its RIA unit by $2.4 million over seven years and ordered it to pay a $350,000 fine.
Mutual Fund Store, once skeptical of ETFs, joins the fray
It may be the Mutual Fund Store, but company executives are not dogmatic about the "mutual fund" part.Starting in 2015, the $9.5 billion registered investment adviser known for selling mutual funds and financial advice to the masses will add a product to its repertoire: ETFs.The company, in