Practice

The XY Planning Network of fee-only advisors and investment advisor Michael Kitces say consumers are being deceived when brokers use labels like “wealth manager” and “financial advisor.”

Allison Herren Lee and Robert Cook also vowed to continue reforming expungements after the tabling of a new proposed rule earlier this year.

A comprehensive bill by U.S. Rep. John Larson would change how the COLA is calculated, increase income threshold amounts, the rate for inclusion of Social Security benefits and more.

New products constructed on more stringent ESG criteria than the so-called greenwashers often can’t be accessed through large wealth managers.

The firm also agreed to an independent compliance review and an overhaul of its social media policies.

Plan participants gave firms low marks in fundamental areas, though some performed better than others.

Two of the most generous tax loopholes are on the chopping block, the latest surprise in emerging tax increases.

The Social Security Administration found the asset reserves of both the OASI and DI Trust Funds in 2020 increased, but deficits still loom.

The slow pace of IT innovation leaves little room for advisors to Apple-ize client-facing functions — and they’re losing business because of it.

The pandemic is changing the game for performance management. It's time to evolve the financial services model.