401(k) trading didn’t hurt returns for participants in Q1: Report

Most 401(k) participants didn’t touch their accounts during the volatile first quarter — but those who made trades didn’t necessarily suffer lower returns, a recent paper suggests. Less than 9% of participants traded within their accounts during the first three months of 2020, a rate…

More ‘doubt’ about this broker-dealer’s future

For the second year in a row, Newbridge Securities Corp., a small to midsize broker-dealer with a history of compliance problems, has released a tough portrait of its financial health. At the end of 2019, the firm had an accumulated deficit of $9.2 million and…

Timing a Social Security claim when you have children

With the high incidence of divorce and remarriage these days, it’s not unusual to hear stories about families headed by older fathers — some old enough to claim Social Security — with school-age children at home. When it comes to timing benefits for minor dependents,…

Morningstar, Morgan Stanley adopt new content management tool

Morningstar, Morgan Stanley and T. Rowe Price announced on Tuesday the adoption of a new technology launched by fintech startup 4U Platform that provides the financial advisory industry an online portal to approve marketing content.  Any piece of content an asset manager curates for advisers,…

Creative Planning acquires $530 million RIA

Creative Planning, an Overland Park, Kansas-based registered investment adviser managing $48 billion, has acquired Starfire Investment Advisers, a Southfield, Michigan, RIA managing $530 million. Starfire was founded 29 years ago.   The deal is Creative Planning’s eighth acquisition this year, and follows last Tuesday’s announcement…