Fidelity gives sub-$100 million RIAs until June 2027 to grow or move custody
The custodian's existing $100 million joining minimum now applies to RIAs already on the platform, Financial Planning reports.
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Senate passes the Social Security Claiming Age Clarity Act, sending it to Trump
The measure would change how the SSA labels claiming ages; the 2026 benefit maximums are $2,969 a month at 62 and $5,181 at 70.
Fidelity gives sub-$100M RIAs until June 2027 to find a custodian
The threshold counts assets held at Fidelity, not total firm AUM, and the notice went directly to affected firms.
Ascensus launches a participant-referral workflow for plan advisers
The platform links 401(k) savers with the adviser serving their plan across a book of more than 16 million participants and $1.3 trillion in administered assets.
Concurrent acquires Spire, a $5.4 billion RIA with 30 advisor teams
Spire's advisors keep their own brands as independent contractors, and both advisors and employees become eligible for Concurrent equity after a year.
Lakewood Wealth's $170 million Ann Arbor team moves from Cambridge to LPL
The three-adviser book spans advisory, brokerage and retirement plan assets; the announcement does not disclose transition terms.
FPA and Snappy Kraken rebuild PlannerSearch around a 12-question client quiz
The revamped FPA directory sorts prospects into four client mindsets based on financial well-being and readiness to engage.
Feathery co-founder pitches firm-wide AI workflow redesign to small RIAs
Zack Khan says the choice is between single-user assistants and rebuilding workflows across a firm; the sponsored episode offers no client results.
Timewise Financial's Caroline Piehl describes succeeding her father as managing partner
On the Talent Stack podcast, Piehl says she retained the firm's integrated tax and wealth planning model while changing technology and investment strategy gradually.
Ed Slott: the QCD cap survives an RMD and a Roth conversion
The 2026 limit is $111,000, and Slott tells a 10-year-rule inherited-IRA beneficiary to withdraw above the RMD before the final year.
SEC proposes 20% performance fees for RIAs and a wider accredited-investor test
The package also adds CPA and CFA licenses to the accredited-investor pathways and loosens interval-fund redemptions, with 60 days of public comment on each.
Kitces & Carl's 200th episode: how advisors explain a fee when the value is intangible
The hosts trace advice's move from product sales to investment management to goal-focused life planning, and why the newest layer resists a quick fee explanation.
SEC proposes exam route to accredited investor status
The Sept. 30 rulemaking would also loosen interval-fund redemptions and cap performance fees, which would change how advisors size a private credit sleeve.
TIAA survey: 53% of adults fear outliving savings more than underspending
The 2026 Retirement in the Age of AI and GLP-1s Survey of 1,000 U.S. adults ages 18 to 65 also found Generation Z the most concerned that AI will threaten careers and savings.
Pontera pitches an AI trust layer as Schwab prepares its Charley agent
The 401(k) software firm says agent-to-agent finance needs a validating intermediary, and its long dispute with Fidelity over credential sharing remains unresolved.
SEC weighs three proposals to widen retail access to private markets
The Sept. 30 open-meeting agenda covers performance fees for advisers, closed-end fund repurchase offers, and accredited-investor credentials.
SEC proposes an exam-based path to accredited investor status
The three active commissioners voted unanimously to open the change to public comment, adding a FINRA-administered test and several professional credentials to the definition that governs private-market investing.
IRS plans guidance on trades used to harvest losses against ordinary income
Currency bets and equity-swap-and-futures combinations are among the structures the IRS named in Monday's notice, which bars no trade yet.
Butler researchers pitch a flexible 3% rule as a 4% withdrawal alternative
The Butler paper pairs a fixed, inflation-adjusted baseline with performance-based withdrawals, while advisors say taxes, RMDs and client behavior still shape the plan.
SEC proposes up to 20% RIA performance fees and looser interval-fund redemptions
The three proposals, each open to 60 days of public comment, would also add CPAs and chartered financial analysts to the credentials that qualify an individual as an accredited investor.
NASAA issues investor advisory on finfluencer pay, red flags and registration
The advisory explains how social media finance promoters are paid and what disclosure and registration rules apply to paid promotion or fee-based advice.
A $1.3 billion UBS duo joins Ascend Advisory Group in Dublin, Ohio
Jeffrey Cullman and Bruce Holt join a Dublin, Ohio practice that held $2.5 billion as of December, while the hiring report cites their team at both $1.3 billion and $1 billion.
SEC proposes performance fees in regulated funds, asks about FINRA accreditation exam
The amendments would let advisers to regulated funds share in a strategy's returns; a separate request asks whether a FINRA exam could count toward accredited-investor status.
Rockefeller adds Truist's $6.2 million Piedmont Wealth Partners team in Charlotte
The $1 billion team's three principals all came to Truist through the BB&T side.
A 0.5%-of-AGI charitable deduction floor takes effect in 2026, and bunching offsets it
Kitces explains how a donor-advised fund lets clients pay the floor once instead of annually, and when the 2/37ths reduction applies.
Goldman survey finds fewer Americans increasing retirement savings as Gen X lags
The share reducing savings rose to 14% from 8%, and Gen X posted the lowest on-track reading at 49%.
AlpInvest and Blue Sky file secondaries funds; Bain and Crescent file credit funds
The September 29 Form D batch carried two secondaries vehicles, a direct lending fund and a credit risk sharing fund, with three of the four reporting no capital raised.
Goldman survey: Share increasing retirement savings falls to 39% from 55%
The share reducing savings rose to 14% from 8%, and Gen X posted the lowest on-track reading of the four generations, at 49%.
Northwestern Mutual opens a 40-specialist family office platform to its advisors
Advisors pay a retainer for access to 40-plus in-house legal, tax, estate and philanthropy specialists aimed at clients with at least $50 million in net worth.
CD Valet sells advisors $500-a-month access to its CD shoppers
The Seattle Bank affiliate says 150,000 to 200,000 investors compare CD rates on its site each month.
IRS ruling targets ETF conversions used to realign appreciated portfolios
The revenue ruling says a prearranged conversion that quickly and materially changes a portfolio can be recharacterized, leaving the holding period and the size of the shift open.
IRS, Treasury proposal would auto-create an estimated 63.36 million 530A accounts
The draft replaces March rules and would open a tax-advantaged account for an eligible child before a family makes any funding decision.
Sen. Blunt Rochester's rental housing bill would replace 27.5-year depreciation with per-unit expensing
Developers of new rental housing could deduct up to $150,000 per unit in year one, or $250,000 for projects that clear affordability tests borrowed from the Low-Income Housing Tax Credit.
Most remaining Wells producing managers told to pick clients or management
A source says they must decide by October 1; Wells says the move fits a shift toward larger, higher-producing branch complexes.
Tax Foundation models 86 tax-code changes, led by AMT simplification
The alternative minimum tax dates to 1969; the Congressional Budget Office projects fewer than 600,000 taxpayers will pay it in 2026.
Ensemble Practice pay study finds advisor cash climbing, equity scarcer
The consultancy's annual survey of more than 170 independent advisory firms pairs 39% profit margins with 3.7% organic growth, a 10-year low.
BNY Pershing folds Wove into Adam Vos's wealth solutions unit
The custodian declines to say how many advisors use the multi-custodial platform it launched at Insite in 2023.
Cornyn and Van Duyne bill would defer tax on reinvested mutual fund gains
The Generating Retirement Ownership Through Long-Term Holding Act would let investors postpone capital gains tax on qualifying reinvested distributions until they sell shares, narrowing a gap the Tax Foundation says separates funds from ETFs.
UBS hires Merrill's John Pham and Jimmy Yip below $10M production minimum
The pair produced $7.5 million against the $10 million bar for a 16-year package paying 550% of revenue, on a book sources put at $575 million to $1.2 billion.
Merrill to charge asset managers up to $1.4 million for data and shelf fees
The wirehouse's updated Form ADV filings tell clients that paying for data analytics gives it a financial incentive to recommend third-party managers' products over those that do not pay.
DTCC invests in iCapital and will integrate its alternative investment product with the platform
The two firms will connect DTCC's Alternative Investment Product with iCapital's platform across transaction processing, data exchange, access, administration and reporting.
Raymond James and AssetMark widen private-market access as Gridline flags an infrastructure gap
Cerulli found 57% of asset managers now prioritize broader access to semiliquid and illiquid alternatives, up 17 points from last year.
Betterment Advisor Solutions sets custody platform fees at 0.20% under $10 million
The tiers take effect Jan. 1, drop to 0.12% above $10 million and become negotiable above $100 million.
Ameriprise pays advisors $1,000 or a fee share to send clients to its virtual desk
Employee advisors get a one-time $1,000; independent contractors get a portion of the past year's advisory fee, and both payments require the household to stay 12 months.
SEC staff reminds funds on private-asset fair value as private credit in registered fund portfolios hits $270 billion
The staff statement names interval funds, tender offer funds and BDCs, and pairs valuation judgment with what investors are told.
SEC staff statement puts private-asset valuation on advisors' due-diligence list
The joint notice adds no new rules but names non-accruals, payment-in-kind interest and fair value judgments among the disclosure items clients will ask about.
California billionaire-tax measure goes to voters in November with legal risk unresolved
A Tax Foundation panel calls the measure a first-in-a-nation state wealth tax and leaves valuation, constitutional challenge and whether California would ever collect unresolved.
UBS hires Merrill’s John Pham and Jimmy Yip, a $7.5 million Silicon Valley team
The pair’s $7.5 million production fell short of the $10 million minimum for a 16-year offer paying 550% of revenue, while sources put the book between $575 million and $1.2 billion.
A new Journal of Financial Planning paper asks how clients place themselves among 'the wealthy'
The published extract stops before any findings, but the framing gives advisors a testable question about referral maps.
Rieder sees bond opportunity as 10-year Treasury yield tops 5%
Advisors face a duration decision as federal debt exceeds $40 trillion and AI-linked issuers add more than $400 billion of bonds in 2026.