Of RetireOne’s EF Legacy Securities broker-dealer purchase, WealthManagement.com journalist Patrick Donachie says the deal “will enable RetireOne to offer greater options for RIAs interested in commission-free insurance and annuities products.” This is especially valuable for former broker-dealer registered representatives who are transitioning from the commissioned-based compensation model to the fee-based model. The significance of the...Continue Reading
Reporting on the purchase of EF Legacy Securities by Aria/RetireOne, InvestmentNews writes, “the acquisition allows RetireOne to expand its insurance and annuity back-office services for RIA firms, and better assist registered representatives moving their practices to a fee-based model, Aria said in a release.” InvestmentNews also reports that Chief Compliance Officer Rainey Gray has agreed...Continue Reading
Allison Bell writes in ThinkAdvisor that RetireOne has acquired the EF Legacy Securities broker-dealer from Ric Edelman’s company, Edelman Financial Engines. She notes that the Sunnyvale California-based Registered Investment Advisor sold only the broker-dealer, which was formerly based in Henrico, Virginia. The broker-dealer purchase bolster’s RetireOne’s insurance and annuity back office capabilities, and better positions...Continue Reading
Covr’s technology-enabled sales support to power RetireOne’s life insurance experience San Francisco, Calif. – November 6, 2019 – A new partnership with Covr Financial Technologies fills out the RetireOne platform of insurance solutions for Registered Investment Advisors (“RIAs). RIAs may work through RetireOne’s desk of insurance experts to get quotes, analysis, recommendations and coverage for...Continue Reading
Saying “Farewell” to an Industry Giant, Women’s Equality Day, Equal Pay for Superior Play, Private Letter Ruling, Fee-Based Life, and Recession Worries/Sequence of Returns Risk In Memoriam On Thursday, October 3 Envestnet founder and CEO Jud Bergman and his wife Mary Miller-Bergman were tragically killed in an automobile accident in San Francisco. An impaired driver...Continue Reading
Hoo’s, Defense, FIAs, the 500th RIJ, Dynamic, Risk, Legislation, Trade War, Regulation, RegBI Opine, the “F” Word, Vanguard, Leo-nard Bernstein! Our titular inspiration for this quarter’s News and Notes comes from R.E.M.’s 1987 rap “It’s the end of the world as we know it (and I feel fine).” The song climbed to #69 on Billboard’s...Continue Reading
