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About 76% of the average account was in stocks across the 4.7 million participants in plans that Vanguard keeps records for.

For advisors, this structure can deepen relationships and help bring interaction with new populations and prospects, writes Marianne Caswell.

The company is making many employees sift through years of text messages on personal devices and set aside any related to work to ensure U.S. rules on keeping copies of business communications are met even after many months of remote work, according to people with knowledge of the situation.

Here's what you missed this week in the world of financial advice, including people moves, deals, enforcement, and research.

Firms using the fintech will lose support on September 6.

Advisors John Gill and Bryan Horner were joined in the move by Mari Hurd, business practice coordinator, and Katie Bosler, senior registered client service associate.

The Boston trust bank has set up a division called State Street Digital, led by Nadine Chakar, that will help customers invest in cryptocurrencies. It will also develop blockchain and smart contract technology and the ability to tokenize assets.

Two representatives in a New Jersey office made lewd comments and created a hostile work environment, the former employee says.

The Dallas-based hybrid RIA has more than 100 reps, and, if they follow the chief’s exit, it would be the the No. 1 IBD’s largest loss since 2019.

The potential growth for blockchain means fund managers need to be poised to meet client demand, according to a study by Morgan Stanley.