Latest News

Invesco acquires robo-adviser Jemstep

January 12, 2016

Investment management firm Invesco Ltd. has acquired Jemstep, one of the first online automated investment platforms in the financial services industry, in the latest bid to offer more robo-technology to traditional advisers.

Bank teams up with FutureAdvisor to offer clients investment platform

January 12, 2016

BBVA isn't the only bank with eyes on algo-driven advice, the next trend in the robo-movement.

Hillary Clinton ups the ante with new plans to tax the rich

January 12, 2016

Breakfast with Benjamin The presidential hopeful's new “Fair Share Surcharge” to tax the wealthiest Americans would raise $150 billion over 10 years.

Adviser's Consultant: Building an in-house residency program to grow next gen advisers

January 11, 2016

Borrowing a practice from the medical profession, Cornerstone Wealth Advisors hires young advisers for three-to-four year stints, bridging the gap between education and experience.

SEC adds ETFs, variable annuities to exam priorities

January 11, 2016

The Securities and Exchange Commission will be looking at ETF sales strategies, trading practices and disclosures, as well as suitability and sales supervision of variable annuities.

Amidst the market carnage, liquid alt funds lived up to their promise

January 11, 2016

Diversifying beyond a single fund or single strategy is key.

Morgan Stanley names operating chief as lead of 'digital offering'

January 11, 2016

As Morgan Stanley's head of wealth management, Greg Fleming, steps down, Jim Rosenthal, chief operating officer, is stepping up to take the reins of the firm's impending digital offering.

Rock pioneer David Bowie was a financial innovator, too

January 11, 2016

Late rock legend David Bowie shattered financial barriers as well as musical ones. Faced with the need to raise cash, Mr. Bowie, who died Sunday at the age of 69 from cancer, considered selling his master recordings in 1997. Instead, he securitized the rights to release his albums made between...

Morgan Stanley: Oil may fall to $20 as U.S. dollar appreciates

January 11, 2016

A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.

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