TD Ameritrade failed to report advisers’ suspicious activities and was fined $500k.
RightCapital announced the launch of the RightCapital App, a white-labeled, native mobile app.
BlackRock has collaborated with Thomson Reuters to launch an ETF.
FinMason partnered with Totum Risk and plans to deliver portfolio analytics via their FinRiver API to power intuitive graphs and charts within Totum Risk’s on-demand reports.
Vestwell integrated Dimensional’s My Retirement Income Calculator into Vestwell’s advisor and participant portals. The company also conducted a survey to understand key sentiments of advisors and plan sponsors.
TD Ameritrade fined $500,000 for failing to report advisers’ suspicious activities. Activities cited include suspicious trading, questionable transfers, and potentially false and misleading statements.
The Securities and Exchange Commission fined TD Ameritrade Inc. $500,000 on Monday, September 24, for failing to file certain required suspicious activity reports after the firm halted business with 111 independent investment advisers.
You can read more here.
RightCapital, a next-generation financial planning tool that provides advisors with the ability to create custom, comprehensive financial plans, announced the launch of the RightCapital App – a white-labeled, native mobile app that connects clients with their advisors so that they can coordinate in real time on financial planning needs, anytime, anywhere.
The RightCapital App allows advisors’ clients to view account balances, review their budget, categorize account transactions and link accounts. In addition, the app contains a financial planning component that provides clients the flexibility to see their probability of success relative to their goals, helping the client focus on their holistic financial plan rather than short-term daily market movements.
You can read more here.
BlackRock has collaborated with Thomson Reuters to launch an exchange traded fund (ETF) to provide investors with a way to invest in companies across developed and emerging markets that promote diversity and inclusion practices, which have been shown to benefit companies’ long-term performance.
You can read more here.
FinMason, a rapidly growing fintech firm operating one of the largest investment analytics platforms in the world, announced that it has partnered with Totum Risk, the only multi-dimensional risk tolerance questionnaire that helps financial advisors understand how much risk their clients can comfortably take based on their current life situation. FinMason will deliver robust portfolio analytics via their FinRiver API to power intuitive graphs and charts within Totum Risk’s on-demand reports.
You can read more here.
Vestwell, a digital retirement platform, announced the addition of a new retirement income tool from Dimensional Fund Advisors (Dimensional), a global investment firm. Dimensional’s My Retirement Income Calculator is now fully integrated into Vestwell’s advisor and participant portals, giving advisors unique insight into how their clients are saving and enabling them to better support participants’ retirement income readiness.
The calculator, available to Vestwell advisors who utilize Dimensional funds, is designed to enhance their retirement offerings by allowing them to bring a more customized approach to employee retirement programs. The calculator gives advisors a clear line of sight into how much in-retirement income their clients might be able to afford. The income projections offered by the My Retirement Income Calculator also consider asset allocation shifts over time to help improve the reliability of those estimates.
You can read more here.
Vestwell, a digital retirement platform, has conducted a survey to understand key sentiments of advisors and plan sponsors as they relate to selling, adopting, and maintaining plans. The 2018 Retirement Trends Survey shows how many advisors see growing their client base as their biggest priority, what they think is the biggest mistake plan sponsors make, for how many plan sponsors list filings, taxes, and compliance activities remain the biggest pain point.
You can find details here.
