The Client: Behavioral finance

JPMorgan Buys Financial Planning Platform for College Students

September 23, 2021No Comments

Frank has served five million students across 6,000 educational institutions in the U.S., according to JPMorgan Chase.

SEC Can’t Wait for ‘Spill in Aisle Three’ to Regulate Crypto: Gensler

September 22, 2021No Comments

The regulator’s chair compared cryptocurrencies to the disparate private monies of the so-called Wildcat banking era in the mid-1800s.

Regulatory Inaction, Market Fairness Bigger Concerns Than Gamification

September 21, 2021No Comments

The Securities and Exchange Commission’s request for comments on digital engagement practices was an opportunity for many commenters to complain.

These Online Retail Investors Could Be Your Clients Someday

September 17, 2021No Comments

An FA-IQ analysis of comments submitted to the Securities and Exchange Commission shows a pool of individuals active on digital platforms.

Robinhood Hit at SEC Committee Meeting for Practices that Mislead Users

September 10, 2021No Comments

A marketing specialist and university associate dean laid out a series of ways she believes Robinhood has misled investors.

FA Says Ameriprise Ahead In Social Media Marketing. This Might Be Why.

August 24, 2021No Comments

The company believes that social media is a “highly effective way” for advisors to prospect for clients, especially in their localities, and the upside is “too great to ignore.”

Robo Ranking: The Best in FA Access, Financial Planning, Costs and More

August 20, 2021No Comments

Backend Benchmarking estimates the robos’ client assets at $785 billion as of 2020, up roughly 25% from $631 billion in 2019.

Household, Multi-Custodial Support Coming Soon for LPL FAs

August 5, 2021No Comments

"[O]ver the next decade, this is going to increasingly become more of an experience-driven business," according to chief executive officer Dan Arnold.

LPL Kicks Out FA Over Alleged ‘Racist’ Remarks Leaked on TikTok

August 4, 2021No Comments

The firm has been investigating Eileen Cure this week over alleged discriminatory remarks that a TikTok creator had labelled as “racist.” "Following our process for review of advisor conduct, Ms. Cure is no longer a client of the firm," an LPL Financial spokesperson tells FA-IQ.

Most Investors Confused About Mutual Fund, ETF Costs: Survey

July 29, 2021No Comments

Investors who work with an advisor are more likely to believe that management fees are included in the fee they pay their advisor, according to a new survey.