- Digital investment firm Aspiration has launched a new IRA with a $500 account minimum that's targeted to millennials who want their money invested in companies dedicated to sustainability. "This has historically been only available to the wealthiest investors."
- Is the Labor Department's fiduciary rule going to be a death knell for personal finance gurus on television and the radio? The cost of these pundits' advice makes that theory a hard sell. “Advice needs to be compensated for it to count.”
- Some yoga-loving advisers make the case that it helps improve their ability to serve clients. Downward-facing dog, upward-facing investments?
- If you hate having to wait on hold with your cable company or an airline, yes, there's now an app for that. And true to form for the tech world, this app has already raised $4 million in VC funding.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
New IRA targets socially conscious millennial savers
Plus: The fiduciary rule's impact on personal finance gurus, financial planners embrace their inner yogi, and the app that will dispute your cable bill for you
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Firms that have enjoyed AUM growth because of the runup in stocks may find it hard to adjust to declining revenues if the market suffers a major correction.
Future developments will hinge on whether the Labor Department continues the fight to remake the regulation its own way.
Groups on both sides of the fiduciary debate had plenty to say.
In split decision, judges say agency exceeded authority.
The wirehouse has seen 14 individuals or teams leave and five join for a net loss of $2.4 billion in AUM