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CFP Board Names Susan John as Chairwoman…

The CFP Board has named Susan John, a former chairwoman of the National Association of Personal Financial Advisors, as its chairwoman for 2019. So reports Financial Planning.

PWC Agrees to $1M Settlement Over Merril…

PricewaterhouseCoopers has agreed to pay a $1 million penalty to resolve a civil complaint claiming the company’s audit of Merrill Lynch's compliance program was insufficient. So reports Reuters.

LPL Offers Administrative Support to Adv…

LPL is now offering advisors administrative support through workers in its Charlotte and San Diego offices who conduct functions such as opening new accounts. So reports Financial Advisor.

Latest News

Morningstar has launched a benchmarking service that analyzes fees from 20,000 defined contribution plans to facilitate the comparison of IRA expenses to qualified plans. So reports Plan Advisor.

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Stocks funds that invest globally have enjoyed 36 consecutive weeks of net inflows, according to data from the Investment Company Institute. So reports Nasdaq.

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Over the next few years, fee-based annuities are likely to become more common and fewer products will offer riders, says Chris Eberly, vice president of research and consulting with Novarica, an insurance IT consultancy. So reports InsuranceNetNews.

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Programs to promote retirement plans for small businesses have been gaining traction this year, despite President Trump and a Republican Controlled Congress opposing the concept. So reports Financial Advisor.

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As the investor stampede to passive funds has continued, active portfolio managers have been increasingly waging a fight to win back customers. The tide may finally be turning, thanks to factors beyond active managers’ control.

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Practice Management

How Are Financial Firms Attracting Digit…

As financial firms struggle to develop digital marketing programs, many face tough competition for workers.

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

FINRA Issues Social Media Guidance

Firms that provide hyperlinks to other firms’ content or news publications have “adopted” the content, which triggers a variety of recordkeeping and document retention requirements, according to recent FINRA guidance...

Markets & Investments

Global Investing Gains in Popularity

Stocks funds that invest globally have enjoyed 36 consecutive weeks of net inflows, according to data from the Investment Company Institute. So reports Nasdaq.

Retirement

Morningstar Launches Retirement Fees Ben…

Morningstar has launched a benchmarking service that analyzes fees from 20,000 defined contribution plans to facilitate the comparison of IRA expenses to qualified plans. So reports Plan Advisor.

News Roundup

CFP Board Names Susan John as Chairwoman…

The CFP Board has named Susan John, a former chairwoman of the National Association of Personal Financial Advisors, as its chairwoman for 2019. So reports Financial Planning.

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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