- The sudden and stunning collapse of Aequitas Capital Management continues to unfold. The obscure alternative investments platform is under investigation by both the SEC and Consumer Financial Protection Bureau. Nearly $600 million was bet on a diverse array of subprime lending strategies. This does not look good. Particularly awkward chaos. Aequitas, which relied on financial advisers to bring in investor capital, announced earlier this month it is laying off 80 employees while the source of the problems come to light.
- The case is being made for a 30% stock market slide this year. The market technician versus the market fundamentalist.
- What happens when the founders of the advisory firm you work for are looking to sell the business? The acquirers will want to make sure the business cash flow remains stable.
- There has been a crazy spike in tax scams this year. Be careful out there. Phishing and malware incidents are up 400%.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Aequitas Capital alts platform implodes, while investors and advisers are kept in the dark
Plus: A case being made for a 30% stock market decline this year, working for an advisory firm that's up for sale, and tax scams spike 400%
Recommended for you
Sponsored financial news
Mary Beth Franklin, contributing editor at InvestmentNews, and Katy Votava, president at Goodcare.com, discuss the rules financial advisers need to keep in mind to help their clients get the most out of these programs.
Sponsored by Prudential
Latest news & opinion
Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal
Firm will pay $650,000 for suitability, compliance and books and records violations.
Shortfall driven by longer life spans and disappointing investment returns.
Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers
Insurers are introducing fixed-rate deferred annuities with income guarantees to circumvent BICE.