Sean Allocca
Financial Planning
New York, NY, United States
Contact Sean
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Past articles by Sean:
‘Do more for me': Clients demanding digital banking options
For planners who embrace the potential to provide these services, it can be a natural next-generation service offering. → Read More
What Morgan Stanley’s E-Trade deal means for digital wealth
The all-in-one platform model is attracting some of the largest firms as consumers increasingly acclimate to housing all their financial needs under one roof. → Read More
PNC ordered to pay $2.4M to former employee in sexual harassment case
The wealth manager claimed bank management knew a customer had a history of sexual harassment, but allowed him to continue doing business at the branch anyway. → Read More
In race for mobile dominance, UBS launches upgraded client app
Phone apps are being embraced by wealth managers as one of the quickest ways to communicate with end clients, leading to recent upgrades in look, feel and capability. → Read More
Why Citi’s robo is ‘late to the game’
The investment bank is well behind most of its competitors and is priced well above the most attractive price points. → Read More
What’s behind Morgan Stanley’s latest cash offering?
Wealth management is playing an ever bigger role at the firm, which aims to add a million new clients in the coming years. → Read More
Lawmakers call for FTC investigation of Envestnet
The leading TAMP has quietly become one of the largest financial data aggregators in the country but lawmakers are inquiring about the sale of customer data. → Read More
Why fintech cash accounts are drawing heightened scrutiny
Lack of oversight and potentially risky procedures are — or should be — in fine print of these wildly popular tools. → Read More
Who’s benefiting most from commission-free trades?
While advisors have embraced cheaper trades, the move may have long term effects on strategies for client portfolios. → Read More
FINRA fines Robinhood $1.25M over best execution reviews
The commission-free brokerage did not reasonably review “hundreds of thousands of orders each month,” according to the regulator. → Read More
Wealth management fares worst in mobile app client satisfaction
Clients are not happy with the industry's app offering, according to a recent J.D. Power survey. → Read More
Vanguard’s robo recommendations? Vanguard funds only
The indexing giant’s pilot Digital Advisor will be priced at 15 basis points, but allocate client assets almost entirely in proprietary funds. → Read More
Will Vanguard’s new robo squeeze out smaller players?
The mutual fund giant’s automated advice plan could price independents out of the market — and commoditize advice even further. → Read More
XYPN sues SEC to overturn Regulation Best Interest
The rule unfairly gives brokers a leg up in the marketplace, harming the network’s 1,000 independent advisors, the firm claims. → Read More
Capital One acquires retirement robo United Income
The lender expands its automated advice footprint by adding the fintech which helps retirement-age savers manage their wealth. → Read More
Paid blogging is ‘big business’ for robo advisors
Acquiring clients can be expensive. Some digital investing platforms have turned to a marketing strategy they say may present “conflicts of interest.” → Read More
Robos are getting political. Will Wall Street follow?
Aumoted investment platforms are betting investors want to know where companies fall on the political spectrum. → Read More
‘Retirement is a gender issue’: Sallie Krawcheck
Longer-lived and with less savings, women face an uncertain landscape with greater apprehension than their male counterparts. → Read More
Reg BI is a gift to ‘wolves of Wall Street,’ says tech CEO
The increased compliance may also be a boon for some advisor tech firms. → Read More
Envestnet’s latest strategy? Offering annuities
The Insurance Exchange will offer products from six carriers, including Allianz Life, Nationwide and Prudential. → Read More