Risk

The longtime director of investor protection at the Consumer Federation of America could signal an overhaul of Reg BI under the Biden administration.

Nicholas Spagnoletti, 52, had “images and videos depicting the sexual exploitation and/or abuse of a minor” on his phone, investigators say.

Advisors can now access model portfolios and client “Risk Numbers” from within the financial planning software.

Cardea Capital signs up for the technology just weeks after a rival attacked the fintech’s methodology and levied accusations of racism.

The key is to think about what clients ultimately want to know, writes finance professor Derek Tharp.

The two fintechs are vying with each other and Envestnet to be advisors’ preferred digital hub.

Firms affiliated with the broker-dealer can access the software for free through AdviceWorks.

Could single premium immediate annuities be the answer to ultralow rates?

Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy as yields hit historic lows, a person familiar with the matter says.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.

Financial advisors choose technology the way cyclists pick out their rides, Riskalyze Managing Director for Enterprise Services Dana Rhodes explains in a Financial Planning podcast.

The fund ditched its tail-risk protection weeks before the coronavirus sent stocks into a tailspin, according to people familiar with its decision.

Risk managers must be especially vigilant about the bets their traders are making to profit from current market dislocations brought on by the coronavirus.

Retirees will end up locking in substantial losses if they decide to cash out their investments during a bear market to generate income.

Clients are advised to keep some of their savings in cash and focus on their long-term prospects.