Creative Planning, Transamerica Face Suit Over Plan Selections

Published on August 14, 2026

The complaint alleges that fiduciaries selected underperforming target date funds; to an industry expert, it illustrates the litigation "risk" for wealth firms converging on the retirement arena.

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Deals & Moves: Cetera Snags Commonwealth Duo Overseeing $420M

August 14, 2026
Also, Hightower Signature makes a second external acquisition; IFP adds two Commonwealth advisors overseeing $400M; LPL adds $350M team; and UBS lands a double-advisor win.

Retail Sales Fall Unexpectedly in July

August 14, 2026
U.S. headline retail sales fell unexpectedly in July, down 0.6% to $763.6B in July, while core retail sales fell unexpectedly by 0.3%.