House Democrats introduced comprehensive Social Security reform legislation Tuesday that would boost payments and expand the payroll tax that supports the program. The bill, the Social Security 2001: A Sacred Trust Act, would increase the average benefit for Social Security ...

Investment advisers are worried that a pending congressional proposal to impose a new tax on billionaires could expand to other wealth levels. This week, congressional Democrats are negotiating the details of a massive piece of legislation, the Build Back Better ...

Arkadios Capital, an Atlanta-based hybrid broker-dealer, has promoted Chet Payne, the firm’s chief operating officer, to president. David Millican, the firm’s founder, remains its chief executive. As president, Payne will oversee the growth of the firm as well as all ...

In an effort to “operationalize emotional intelligence” among advisers, Fidelity Institutional has developed a program to help advisers handle generational wealth transitions and retain assets that they currently manage. The program, called The Decade of Generational Wealth, has eight steps, ...

UBS global wealth management continued its strong 2021, and in the Americas region reported on Tuesday pre-tax profit of $559 million, up 51% year over year. According to the company, this was supported by rising adviser productivity and record loan ...

Three 529 plans were awarded Morningstar Inc.’s top rating, while seven received negative overall reviews, according to an annual college savings report published today. Consistent with its ratings last year, the Illinois Bright Start Direct-Sold College Savings, Michigan Education Savings ...

The Securities and Exchange Commission charged Ann M. Vick, the owner of a Loveland, Colorado-based pooled investment fund, AMV Investments, with fraudulently raising approximately $3.2 million from nearly two dozen investors. According to the SEC’s complaint, from August 2018 through ...

Fidelity International unveiled plans to halve the carbon footprint of its investment portfolio by 2030, becoming the latest in a string of fund managers to make such pledges as the industry faces growing calls to stop enabling toxic emissions. The ...

Most advisory practices are not growing. The fact is, if you back out the market gains of the last several years, the assets under management for a vast majority of the financial advisory businesses that I’ve met with are either ...

UBS Group is in talks about ending the stand-alone status of a key unit that deals with some of its richest clients because of internal wrangling about how profits are shared between the wealth management and investment banking businesses. The ...