Imagining The RIA Industry In 2025

from FA News https://www.fa-mag.com/news/imagining-the-ria-industry-in-2025-58974.html

Covid Death Toll Mounts In America With Difficult Weeks Ahead

from FA News https://www.fa-mag.com/news/covid-death-toll-mounts-in-america-with-difficult-weeks-ahead-58972.html

Five Advisor Firms Pay $3M To Settle SEC Unsuitable Sales Charges

from FA News https://www.fa-mag.com/news/five-advisor-firms-pay--3m-to-settle-sec-unsuitable-sales-charges-58971.html

Herding By 'Naive' Robinhood Traders May Be Good Signal To Short

from FA News https://www.fa-mag.com/news/herding-by--naive--robinhood-traders-may-be-good-signal-to-short-58970.html

Biden's Team Sees Promise In Opportunity Zones Championed By Trump

from FA News https://www.fa-mag.com/news/biden-s-team-sees-promise-in-a-tax-break-championed-by-trump-58969.html

Former Wells Fargo CEO Pays $2.5 Million to Settle SEC Fraud Charges

from FA News https://www.fa-mag.com/news/former-wells-fargo-ceo-pays--2-5-million-to-settle-sec-fraud-charges-58968.html

BoA Adds Sustainable, Hybrid Model Portfolios

from FA News https://www.fa-mag.com/news/boa-expands-model-portflio-offerings-58960.html

FFP Calls On CFP Board To Mandate Pro Bono Service For Advisors

from FA News https://www.fa-mag.com/news/ffp-calls-on-cfp-board-to-mandate-pro-bono-service-for-all-certified-advisors-58964.html

Preet Bharara Is A Candidate To Run SEC, Putting Bankers On Edge

from FA News https://www.fa-mag.com/news/preet-bharara-is-a-candidate-to-run-sec--putting-bankers-on-edge-58958.html

How Times Of Crisis Can Distort Clients' Financial Decisions

from FA News https://www.fa-mag.com/news/fear--stress-and-uncertainty-can-plague-investors-58952.html

DoorDash Moves Ahead With IPO, Files To List Shares On NYSE

from FA News https://www.fa-mag.com/news/doordash-moves-ahead-with-ipo--files-to-list-shares-on-nyse-58957.html

Tesla's Musk Says He May Have Covid-19, Calls Tests 'Extremely Bogus'

from FA News https://www.fa-mag.com/news/tesla-s-musk-says-he-may-have-covid-19--calls-tests--extremely-bogus-58956.html

Markets Are Already Pricing A Successful Moderna Vaccine Shot

from FA News https://www.fa-mag.com/news/markets-are-already-pricing-a-successful-moderna-vaccine-shot-58955.html

CI Financial To Acquire $2.7B N.Y. RIA Roosevelt Investments

CI Financial Corp., a Toronto, Canada-based investment firm, has agreed to acquire 100% of Roosevelt Investments, a New York City-based registered investment advisor (RIA) managing approximately $2.7 billion in client assets. This acquisition marks CI’s 12th RIA transaction since February 2020, continuing its rapid expansion in the U.S. wealth management industry, the companies recently announced in a news release.

from FA News https://www.fa-mag.com/news/ci-financial-agrees-to-acquire--2-7b-n-y--ria-roosevelt-investment-58950.html

Ameriprise Hires Two Teams With $295M In Combined AUM

Ameriprise Financial, LLC has added four advisors to its employee channel with $295 million in combined client assets, the company recently announced in a news release. Ross Perkins joins Ameriprise in Carmel, Ind., from UBS with a $135 million book of business, while Thomas Rodman, Maureen Cioppi-Grill, and Paul Teufel of Rodman, Grill & Associates in Conshohocken, Penn., join Ameriprise separately from Morgan Stanley with $160 million in assets. According to all four advisors, choosing Ameriprise was an easy decision for them to make, based on the firm’s high-touch support and cutting-edge technology in delivering client support. Perkins said in the news release that while he knew that switching employers during a pandemic was a big decision, he felt the time was right. “I wanted a place I felt I could spend the rest of my career…and Ameriprise felt like that firm,” he said.

from FA News https://www.fa-mag.com/news/ameriprise-hires-two-teams-with--295m-in-combined-aum-58951.html

Investors Poured $4.56 Billion Into Junk Bonds After Election

U.S. high-yield bond funds saw one of the biggest inflows on record in the last week, as investors gained confidence in riskier companies amid Joe Biden’s presidential victory and progress on a Covid-19 vaccine. Junk-bond investors poured $4.56 billion into retail funds during the week ended Nov.

from FA News https://www.fa-mag.com/news/investors-poured--4-56-billion-into-junk-bonds-after-election-58949.html

Hedge Funds Loading Up On Darling Stocks Got A Rude Awakening

The trend is your friend until it isn’t. That’s a lesson hedge funds learned the hard way during this week’s market turmoil. Promising news on Covid-19 vaccines set off a violent rotation among stocks Monday and Tuesday that went against professional money managers.

from FA News https://www.fa-mag.com/news/hedge-funds-loading-up-on-darling-stocks-got-a-rude-awakening-58948.html

Even Before Covid-19, Long-Term Care Usually Starts In-Home

The national independent organization, which serves those who offer long-term care insurance and other planning solutions, found that more than two-thirds (70%) of 2019 long-term care insurance policy claimants received initial benefit payments for care at home. That represents an increase of 18% from the association’s 2014 claims data.

from FA News https://www.fa-mag.com/news/insurance-for-in-home-long-term-care-on-the-rise-58946.html

Powell Warns Of U.S. Economy Risk With Pandemic At Deadliest Yet

Three of the world’s top central bankers warned Thursday that the prospect of a Covid-19 vaccine isn’t enough to put an end to the economic challenges created by the pandemic. “We do see the economy continuing on a solid path of recovery, but the main risk we see to that is clearly the further spread of the disease here in the United States,” Federal Reserve Chair Jerome Powell said during a panel discussion at a virtual conference hosted by the European Central Bank. “With the virus now spreading, the next few months could be challenging.” Powell was joined on the panel by Bank of England Governor Andrew Bailey and ECB President Christine Lagarde.

from FA News https://www.fa-mag.com/news/powell-warns-of-u-s--economy-risk-with-pandemic-at-deadliest-yet-58947.html

Even Careful States Suffer With Covid Crossing Porous Borders

One thing that the latest Covid-19 surge has laid bare: No part of America is totally safe, no matter how restrictive the policies or how compliant the residents. Take Illinois: Since May, it has required masks in public statewide, at times shuttered indoor dining, and banned large gatherings. Yet it recently hit a series of daily Covid-19 records and in the past week had more new cases than any state in the country.

from FA News https://www.fa-mag.com/news/even-careful-states-suffer-with-covid-crossing-porous-borders-58945.html