- Invesco's scrambling efforts to prevent a money market fund from breaking the buck has come back to haunt the asset manager in the form of a $10.3 million settlement agreement with the Department of Labor. DOL says Invesco used a number of undisclosed measures to keep the money market fund shares from falling below $1. One measure included having an affiliate enter into a series of support agreements without adequately informing fund investors.
- Warren Buffett says Berkshire will continue to do fine under either a Donald Trump or Hillary Clinton presidency. Taking the long view.
- Heads up business travelers, here's a simple way to determine if you're getting a good deal on airfares. Just multiply to total roundtrip miles by .032.
- The Goldman Sachs gym where membership works like a progressive tax. Lowly analysts pay $43 a month, VPs pay $71, but managing directors have to pay $114.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Invesco pays $10M DOL settlement for ERISA violation
Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues
Recommended for you
Latest news & opinion
Here are the U.S. cities that are most affordable for renters, according to Business Student.com, which compared the cost of rent to average salaries.
Scroll through for nine new financial adviser laughs.
Captrust wants to grow annual revenue from wealth management to 50% from 30% over the next five years.
Johnson says way to prosper in financial services is 'by building relationships.'
Jay Clayton aims to clear up investor confusion by drawing a distinction between brokers and advisers in the agency's proposed package of revised standards. But where do dual registrants fit?