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Raymond James Buys Scout Investments

Raymond James has purchased asset manager Scout Investments for $172.5 million from UMB Financial. So reports the Tampa Bay Times.

Advisor Creates 'Society' for Training a…

Carl Richards of Park City, Utah, has launched the Society for Real Financial Advisors, which is a website dedicated to helping advisors better serve their clients. So reports Wealth Management.

Advisors Increasingly Embracing Financia…

More advisors are offering financial counseling, which addresses helping individuals adjust their financial behavior rather than focusing on technical topics such as investing. So reports CNBC.

Latest News

The Michigan Department of Licensing and Regulatory Affairs has fined Creative Wealth Strategies and its principal $120,000 and has ordered the firm to cease operations following an investigation into violation of securities rules. So reports Downtown Publications.

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Merger and acquisition activity among registered investment advisor firms hit a new record during the first quarter of this year with 44 transactions being completed, according to investment bank DeVoe & Company. So report Benefits Pro.

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SEC Commissioner Michael Piwowar says he’s concerned that many investors don’t fully understand how the simple agreement for future equity works as part of crowd funding. So reports CrowdFundInsider.

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Labor Secretary Alexander Acosta has told Senator Tim Scott, a Republican from South Carolina, that he wants to put a halt to the fiduciary rule in a way that will “stick.” So reports InsuranceNetNews.

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In the aftermath of the Great Recession, the U.S. economy has been creating jobs at fairly steady pace.

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Practice Management

Advisors Increasingly Embracing Financia…

More advisors are offering financial counseling, which addresses helping individuals adjust their financial behavior rather than focusing on technical topics such as investing. So reports CNBC.

Technology & Communications

New Bot Trades Off of Trump’s Tweets

A new bot created by advertising agency T3 automatically analyzes Donald Trump’s tweets and then shorts the stocks of companies that he criticizes. So reports Bloomberg.

Regulatory & Compliance

Regulators Shut Down Advisor Who Made Mi…

The Michigan Department of Licensing and Regulatory Affairs has fined Creative Wealth Strategies and its principal $120,000 and has ordered the firm to cease operations following an investigation into violation...

Markets & Investments

M&A Activity Rises in First Quarter

Merger and acquisition activity among registered investment advisor firms hit a new record during the first quarter of this year with 44 transactions being completed, according to investment bank DeVoe...

Retirement

Americans Lack Confidence in Finances fo…

In a recent AICPA survey, 49% of Americans said they are uncertain about their financial outlook for retirement and nearly 29% say they worry about having sufficient resources for their...

News Roundup

Raymond James Buys Scout Investments

Raymond James has purchased asset manager Scout Investments for $172.5 million from UMB Financial. So reports the Tampa Bay Times.

People

Brexit, Market Jitters Create Opportunit…

Financial advisors often promote their services by saying that they can help remove emotions from investing.

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