Latest News

Financial planning software startup closes its doors

Sep 2, 2015

Plumvo offered its online-brokerage, wealth-management and personal-finance software to investors and advisers for free, but ultimately was unable to make its business model work.

UBS agrees to settle hedge fund's lawsuit over asset-backed securities

Sep 2, 2015

Pursuit Partners sued the wirehouse in 2008, accusing it of selling it $40.5 million of collateralized debt obligations that some of the bank's employees referred to as “vomit” and “crap” in e-mails.

Flash crashes make headlines but have little economic impact: Citigroup

Sep 2, 2015

Researcher cites four examples of extreme market moves that failed to derail the recovery.

RIA M&A off to roaring start in 2015

Sep 2, 2015

Firms are making more and bigger deals as market growth boosts valuations and fuels activity.

UBS to pay $2.9 million to settle investor Puerto Rico claims

Sep 2, 2015

Finra orders the firm to pay about $2.9 million to two investors in Puerto Rico closed-end municipal bond funds. Total claims top $1.1 billion.

Advisers who fled Pimco Total Return pay a price in 2015

Sep 1, 2015

Funds that won money from Pimco lag Bill Gross' replacements this year, but advisers say it will take more than a few months of outperformance to win back their business.

As stock market enters correction, some advisers look to buy

Sep 1, 2015

With the stock market's correction no longer a matter of if, some market watchers and financial advisers have taken to preaching a sense of calm as investors hunker down for a heretofore rare bout of volatility, not a bear market.

Adviser running for Congress wants to protect Dodd-Frank reforms

Sep 1, 2015

Candidate says clients and constituents, virtually unfazed by recent market turbulence, need a level playing field for financial advice.

Robo takes first steps into crowdfunding for college savings accounts

Sep 1, 2015

Heads up, BlackRock's FutureAdvisor not only manages 529 plans for free, it also gives clients a way to raise money

Larry Roth steps down from RCAP board after four months

Sep 1, 2015

Four months after joining the board of directors of RCS Capital, the Cetera CEO is stepping down. The company insisted his resignation was not related to a disagreement.

Big-name advisers jump into data aggregation arena to back Quovo

Sep 1, 2015

Ron Carson, Steve Lockshin and Marty Bicknell among those investing as the personal financial information market heats up.

Jeffrey Gundlach's DoubleLine opens its first alternatives fund

Aug 31, 2015

In a year when its peers lost 15% investing in commodities, DoubleLine wades in with a long-short strategy.

Failing to market a robo properly can mean wasting big bucks

Aug 31, 2015

Successful advisers need to do a cost-benefit analysis of an automated investment platform and, if they do launch one, invest sufficient resources to drive adoption of it

Advisers, pay attention to home-country bias in 401(k) menus

Aug 31, 2015

Eliminate over-allocations to the U.S. market by encouraging plan sponsors to add international options to menus and explaining diversification benefits to participants.

Adviser's Consultant: What it takes to retain women advisers

Aug 31, 2015

Brittain Prigge of Balentine shares her firm's success in cultivating a staff in which female advisers make up the majority.

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