- For more proof that diversification is in the eye of the beholder, a BlackRock report showing portfolio diversification is somewhat ironically described as risk-taking. Note to reader, when the S&P 500 gains more than 32% in a year, moving cash off the sidelines to invest in real estate and hedge funds is smart defense, not aggressive offense. Building better portfolios
- With the SEC now committed to visit a wider variety of financial advisers, this would be a good time to start preparing for such exams. It's still not clear if the commission with have the resources or the energy to go beyond its average of visiting about 9% of the adviser community, but here are some tips to help you prep. Test yourself
- Robo-adviser efforts to crack the code of asset gathering. Tech talk
- As earnings season rolls on, here are nine low-valuation stocks slated to report next week. Potential bump from positive earnings surprises
- For those folks fired up over how much money the federal government is making on the mortgage business, there is at least a show of support for selling Fannie and Freddie. But it's mostly just political bluster. Little chance of being adopted
- The NBA's Sacramento Kings becomes the first pro sports franchise to accept bitcoin. Meanwhile, the Kings can't seem to win at home or on the road, and are clinging to a one-game winning streak. Fans can buy tickets and merchandise with the digital currency
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Institutional investors moving more cash to diversified strategies
Plus: Bracing for an SEC exam, robo-adviser asset-gathering update, stocks to watch next week, and more ways to spend bitcoin
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Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.
Latest news & opinion
The firm said it lost 47 brokers in the fourth quarter, the most in any quarter of 2017.
Improvement reflect firm's shift of more clients into fee-based accounts priced on asset levels, which boosts results as markets rise.
A plaintiff would have to state in their initial complaint why fiduciary duty was breached, and then prove the violation with 'clear and convincing evidence.'
Questions remain about long-term effectiveness of wirehouse's move away from recruiting experienced brokers.
But long-term, the agency may get around questions of constitutionality by changing the way it brings on administrative law judges.