Investors overseeing more than $4 trillion are banding together to standardize data on the environmental, social and governance performance of portfolio companies, in an effort led by the largest pension and one of the largest private equity funds in the ...

Registered representatives who leave the financial industry and want to return without taking a qualification exam would have to pay an annual fee under a proposal the Finra board recently approved. Under a recent Financial Industry Regulatory Authority Inc. rule ...

The Charles Schwab Corp. said on Thursday it will investigate claims made by a former TD Ameritrade Inc. employee that she was sexually harassed two years ago. The former employee, Cortney Kotzian, most recently had the title of principal relationship ...

The second half of 2021 should break all previously existing records for the number of mergers and acquisitions in the wealth management business. From what I’ve seen, there are three main factors driving the increase. First, valuations of financial planning ...

After charging Robert D. Press, former CEO of the advisory firm TCA Fund Management Group, and Donna M. Silverman, its former chief portfolio manager, for their roles in a scheme to artificially inflate the net asset values and performance results ...

First Oklahoma Advisory Group, which manages nearly $240 million in Tulsa, Oklahoma, and Dahle’s Financial Services, which manages $110 million in West Jordan, Utah, have switched affiliations from Avantax to Cetera. The two practices, each of which had been affiliated ...

Standard Retirement Services, a Portland, Oregon-based provider of record-keeping and investment services for retirement plans, has introduced a record-keeping solution for retirement plans with up to $2 million in assets. Called Accelerate, the tool “enables small plans to grow on ...

Record keepers expressed excitement and concern about the future of the defined-contribution industry at the third annual InvestmentNews RPA Convergence Record Keeper Roundtable and Think Tank. which included the leading providers and supporting sponsors most interested in collaborating with retirement ...

The retirement solutions group of Denver-based Empower Retirement plans to hire 325 employees by the end of the year. Hirees will range from certified professionals, sales consultants and managers to entry-level customer support personnel, the company said in a release. ...

OneDigital Investment Advisors, an Atlanta-based registered investment adviser and a wholly owned subsidiary of insurance broker OneDigital, has acquired Praxis Consulting, a Sacramento, California-based retirement plan consulting firm that manages $350 million in assets, including $240 million in plan assets. ...