Latest News

5 ways to 'sock' it to your clients

Jul 1, 2015

If people know you're thinking about their lives, they're more likely to want to do business.

Janus acquires fund firm to give Bill Gross a co-manager

Jul 1, 2015

Janus Capital said that Kumar Palghat, who worked with Mr. Gross at Pimco for 10 years, will help run the Janus Global Unconstrained Bond Fund, with Mr. Gross staying on as lead manager. Janus also bought a majority stake in Mr. Palghat's firm, Kapstream Capital.

SEC Investor Advocate Fleming warns agency against diluting fiduciary standard

Jun 30, 2015

An SEC official, whose job is to represent retail investors, has warned the agency not to water down current investment-advice standards as it considers a rule to raise the bar for brokers.

Focus Financial takes stake in $1 billion wealth adviser

Jul 1, 2015

Northbrook, Ill.-based Relative Value Partners brings to 35 the number of affiliates of the deep-pocketed firm led by CEO Rudy Adolf.

Where's the ETF that tracks pot stocks?

Jun 30, 2015

The national cannabis market is forecast to reach $10.8 billion in sales by 2019 and while there are exchange-traded funds for rare earth metals and for stocks headquartered in Nashville, there are no ETFs that track pot stocks.

Willis Group and Towers Watson to merge

Jun 30, 2015

The newly combined advisory and insurance company will be named Willis Towers Watson and have revenue of approximately $8.2 billion.

Finra arbitrators award couple $16.6 million from BNP Paribas

Jun 30, 2015

In longest-running arbitration case in 20 years, panel rules leveraged derivative investment was unsuitable.

State regulators work on uniform approach to elder financial abuse

Jun 30, 2015

New measures are aimed at encouraging brokers to notify authorities when they suspect someone is trying to scam one of their clients.

Bill Gross adds voice to chorus warning of liquidity crunch for fund investors

Jun 30, 2015

Bond manager says most investors have yet to be tested with a long-term downtrend and that's when liquidity will be an issue.

Barclays brokers sniff at Stifel, jump to Merrill

Jun 30, 2015

Fifteen Barclays advisers have joined Merrill Lynch in the wake of news that Stifel Financial had agreed to buy their unit.

Fidelity launches platform to connect plan sponsors, advisers and third-party fiduciaries

Jun 30, 2015

Third-Party Fiduciary Services charges a 3 bps fee to enable retirement plans and advisers to outsource their fiduciary responsibilities.

Blackstone and BlackRock are starting to cross over into each other's bread and butter

Jun 30, 2015

Steve Schwarzman and Larry Fink, once partners, now vie for Wall Street dominance atop their wildly successful firms.

Minnesota adviser gets 25 years in prison for Ponzi scheme

Jun 30, 2015

Sean Meadows pleaded guilty to diverting $10 million for business and personal expenses, including gambling and “adult entertainment.”

J.P. Morgan turns to Schwab to sell passive funds

Jun 30, 2015

J.P. Morgan Asset Management,

Strategies to help advisers craft better, timelier tweets

Jun 30, 2015

It takes experience to master the art of generating engagement via Twitter, and it starts with understanding your target audience's preferences and usage patterns.

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