House committee advances ABA-backed 403(b) bill
With a bipartisan vote of 35 to 12, the House Financial Services Committee this week advanced H.R. 3063, the Retirement Fairness for Charities and Education Institutions Act of 2023.
Browsing: Wealth management
ABA urges SEC to drop hard close requirement for mutual fund orders
In a comment letter this week, the American Bankers Association urged the Securities and Exchange Commission to drop its proposed requirement of a hard close on mutual fund orders made through intermediaries such as banks.
ABA to SEC: Minimize burdens on banks, affiliates from investment adviser outsourcing proposal
In a recent letter to the Securities and Exchange Commission, ABA offered feedback on its recent registered investment adviser outsourcing proposal.
Poll: Even high-net-worth individuals feeling pinch of inflation
Most Americans—including millionaires—don’t consider themselves wealthy and are worried about inflation and a possible recession, according to a survey commissioned by Edelman Financial Engines.
Survey: Younger adults to seek financial advice after inheriting
Most younger adults in the U.S. plan to work with a financial adviser after inheriting from a family member, according to a new survey by software provider FreeWill.
Earning and sustaining relevance as a wealth adviser in 2023
Advisers can’t take clients for granted—relevance has to be re-earned.
ABA recognizes winners of Under 40 in Wealth Management Awards
The American Bankers Association today announced the recipients of its ABA Under 40 in Wealth Management Awards. The awards recognize wealth management and fiduciary professionals who are committed to the highest standards of achievement at work and in their communities.
Survey: Younger investors drawn to wealth management apps
Mobile apps and websites have become the first resources that investors consult to review their investments, make transactions and conduct research, with apps particularly popular among younger generations, according to a new survey by J.D. Power.
DOL finalizes ESG investing rule
The Department of Labor finalized a new rule regarding environmental, social and governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
Three tips to personalizing wealth management marketing
A successful strategy for banks is one that prioritizes personalization and relationship-building via social media.