Alyson Velati

New York

Associate Editor at Ignites

Senior Finance Reporter @businessinsider/@thisisinsider. Previously @FundFire. Proud @InsiderUnion member. Opinions are mine. [email protected]

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Articles

Ameriprise Pilots Mixing of Model Portfolios With Client Choice

Oct 17, 2024 | portfolio.bisanet.org | Alyson Velati |Joshua Franklin

Ameriprise is piloting a program that lets clients mix model portfolios with mutual funds and exchange-traded funds (ETFs) they choose. The Signature Wealth Program pilot, which began on Oct. 14, will start with 200 advisor practices and will be rolled out to all advisors during the second quarter of 2025. Models will come from 10 asset managers, but then clients can pick from a menu of ETFs and funds to "round out" their accounts, according to the filing.
Merrill Lynch to triple number of active ETFs on its platforms

Aug 29, 2024 | ft.com | Brian Ponte |Alyson Velati

Merrill Lynch plans to triple the number of active exchange traded funds it features on its platforms, including ETF versions of mutual...
Why B-Ds Are Piling on Advisor Discretion Options

May 8, 2024 | portfolio.bisanet.org | Sam Del Rowe |Alyson Velati |James Langton

Broker-dealers in recent months have unveiled ways for their advisors to make changes in clients' accounts without needing prior approval, which can reduce friction for advisors and help firms attract and retain talent in a competitive recruiting market. Raymond James recently disclosed that it had added an advisor discretion option to its Portfolio Select UMA program within its employee advisor channel, Raymond James & Associates.
Vanguard Intros Fees for Smaller Clients on Brokerage Platform

May 8, 2024 | portfolio.bisanet.org | Alyson Velati |Sam Del Rowe |James Langton

Vanguard is adding fees across its brokerage service for clients with a smaller pool of assets starting July 1. The company is adding a charge of $25 for customers with less than $1 million who want to make trades over the phone, according to an updated commission and fee schedule filing from Vanguard Brokerage Services, which applies to all Vanguard mutual funds and exchange-traded funds (ETFs), along with mutual funds and ETFs from other companies.
U.S. Regulators Revive Incentive Pay Proposals

May 8, 2024 | portfolio.bisanet.org | James Langton |Sam Del Rowe |Alyson Velati

The U.S. Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal Housing Finance Agency issued a rule-making proposal that addresses incentive-based compensation arrangements in the financial sector. The proposal revives rules that were initially published in 2016 under the Dodd-Frank Act, which required federal regulators to adopt rules or guidance regarding incentive-based compensation practices at financial institutions with at least $1 billion in assets.
SEC Prepares To Sue Robinhood Over Crypto Unit

May 8, 2024 | portfolio.bisanet.org | Alexander Osipovich |Denny Jacob |Sam Del Rowe |Alyson Velati

The U.S. Securities and Exchange Commission (SEC) is preparing to sue Robinhood Markets’ crypto unit. Robinhood disclosed that its crypto unit received a “Wells Notice” from SEC staff, which said the staff had made a “preliminary determination” to recommend an enforcement action against the unit, called Robinhood Crypto, over alleged violations of securities laws. If the SEC sues Robinhood, it could seek an order that would prevent the company from trading certain crypto assets in the future.
Insurer Group Files First Suit Over DOL's Advice Rule

May 8, 2024 | portfolio.bisanet.org | Ben Miller |Sam Del Rowe |Alyson Velati |James Langton

The U.S. Department of Labor’s (DOL) new fiduciary standard rule drew its first official legal challenge from the Federation of Americans for Consumer Choice and five insurance industry plaintiffs. The plaintiffs, seeking an injunction from a Texas federal court, say the final rule, released in April, creates burdensome compliance requirements and hurts their ability to make commissions.
How To Get Sales and Compliance on the Same Page

May 8, 2024 | portfolio.bisanet.org | Gregg Greenberg |Sam Del Rowe |Alyson Velati |James Langton

Getting sales and compliance teams within advisory firms on the same page can be challenging. The legal and compliance teams are tasked with protecting financial advisory practices, while sales teams may be anxious to speed up processes to boost asset under management. To maintain harmony in the office, the sales process must remain collaborative, says Mark Quinn, director of regulatory affairs at Cetera.
Family, Prudence Shape Asian Americans’ Financial Habits

May 8, 2024 | portfolio.bisanet.org | Leo Almazora |Sam Del Rowe |Alyson Velati |James Langton

A new study from Fidelity Investments on the financial behaviors and future expectations of Asian American and Pacific Islander (AAPI) communities in the United States found that two-thirds of AAPI individuals are satisfied with their saving habits, compared to 60% of the broader U.S. population. The study also highlights a gap in financial advisory services for the community.
Cetera Releases Active ETF Recommendation List for Advisors

May 8, 2024 | portfolio.bisanet.org | Dinah Wisenberg Brin |Sam Del Rowe |Alyson Velati |James Langton

Cetera Investment Management launched an Active Exchange-Traded Funds (ETFs) Research Select List available to Cetera-affiliated professionals, featuring 50 active ETFs across 26 equity, fixed income and alternative asset classes. “We are proud to become one of only a handful of firms offering an active ETF recommended list to help educate our advisors about this growing investment structure,” Gene Goldman, chief investment officer of Cetera Investment Management, said.