Industry

The Labor Department issued guidance Wednesday effectively allowing retirement plans to invest in buyout firms.

The acquisition, set to close later this year, will create a behemoth among custodians.

An advisor whose family has been “irrevocably harmed by police brutality” calls on industry peers and their clients to spark positive change.

The data on Black and Latino advisors helps track the industry’s progress amid nationwide Black Lives Matter protests.

Advisor Zaneilia Harris has come to a bleak conclusion.

Nicole Pullen Ross also heads an initiative to handle wealth management for athletes and entertainers.

Everything from compliance to admin work is part of the job, and advisors have to “figure this out by themselves or find a third party,” a planner says.

The pandemic is prompting financial advisors to use video messages, webinars and even board games to connect with clients and prospects, Hightower Chief Marketing Officer Abby Salameh says in an episode of Financial Planning’s Podcast.

Practitioners say it’s too hard to use, too pricey and doesn’t meet the pandemic-economy moment. This, and other findings of our annual research.

Among our findings, advisors are (finally) embracing chatbots and robo advisors.