Robinhood “financial superapp” includes plans for a new social network that could have additional risks, Altruist CEO Jason Wenk told InvestmentNews, as other RIAs applaud Robinhood’s transparent approach to social trading.
Category: Advisor
How OBBBA’s SALT provisions could shape charitable giving strategies
Wealth firm leaders weigh in on the “significant opportunity” for tax-deductible gifts before year-end, and what advisors should keep in mind during philanthropic conversations.
Crisis of confidence saps faith in the American dream: US Bank
Survey highlights a growing sense of defeat as economic headwinds push long-term goals like homeownership and retirement onto the back burner.
Fidelity finds many higher ed employees on track for retirement, but gaps persist
New research unpacks trends in DC plan participation, plan savings rates, and demographic differences in engagement and retirement readiness.
Another Florida ex-Merrill Lynch advisor, guilty of Medicare fraud, draws scrutiny
The advisor “was making more money with his kickback scheme than working at Merrill Lynch, and he has to pay back more than $5 million,” a plaintiff’s attorney said.
Elizabeth Warren, Maxine Waters press Treasury on delayed AML rule for investment advisors
A joint letter from the Democratic lawmakers to Secretary Scott Bessent warned of weakened protections against foreign risks to the US financial system.
Bob Veres’ new book: A Behind-the-Scenes History of the Financial Planning Profession
Chuck talks with industry legend, Bob Veres, about his new book: A Behind-the-Scenes History of the Financial Planning Profession. Tune in to hear some amazing anecdotes that Bob has collected over his 45 year long history in our industry.
Fed’s Miran says policy too tight, risking higher unemployment
The newest appointee to the FOMC argued tariffs and tax policies have likely lowered the neutral rate, putting him far afield of the current Fed consensus.
Here’s what AI won’t be able to replace in the wealth management industry
Relax advisors! AI can’t do everything you do. Here’s what advisors say cannot be replaced by AI.
Prudential and LPL expand partnership with retirement income tie-up
The partnership helps more advisors address Peak 65 clients’ concerns with a new retirement income offering on LPL’s managed accounts platform.