Latest News

Bernanke backs Pimco, not Gross, with Fed rate hike forecast

Dec 18, 2014

Janus fund manager says impact of falling oil prices could hinder Fed, but former central bank chief says focus will be on momentum.

Cuba's move toward capitalism may accelerate

Dec 18, 2014

My trip to the island nation produced some memorable insights into the country's future.

Schorsch accused of manipulating ARCP books: Suit

Dec 18, 2014

American Realty Capital Properties Inc.'s former chief accounting officer alleges the ex-chairman ordered numbers to be changed.

Restored Cuba relations will lead to travel, cigars, not investment opportunities

Dec 18, 2014

Even if Cuba's economy doubled, it still wouldn't be 'big enough to move the needle for the U.S.'

CFP Board launches initiative to recruit women for financial planning

Dec 18, 2014

Women's Initiative Council will provide guidance on the development of enterprises to pave a way for more women to enter the industry.

NestEgg Wealth acquisition brings white-label robo to advisers

Dec 18, 2014

Technology platform will combine digital advice tool with customer relationship management and portfolio management systems.

Pimco plucks two from Schroders for equities expansion effort

Dec 18, 2014

Giles Money joins as a money manager in global growth equity strategies and Lucrecia Tam as an equity analyst focused on industrials,

How to make good use of long-term capital gains

Dec 18, 2014

With stocks up sharply since 2009, a lot of people have long-term capital gains in taxable portfolios and can make cost-effective tax moves by donating appreciated stock.

Wells Fargo fined $1.5 million for AML failures

Dec 18, 2014

The wirehouse failed to comply with anti-money-laundering requirements by not properly vetting some 220,000 new client accounts over a nine-year period, Finra charged.

SEC's White defends coverage of investment advisers

Dec 17, 2014

Chairwoman says agency is considering augmenting adviser exams with third-party audits.

BlackRock leads Vanguard as ETFs race toward a record year

Dec 17, 2014

Two giants remain in a tight race for buy-and-hold index investors' money as category total close to cracking the $2 trillion mark in a 'victory of vanilla' story.

FSI to fight rollout of auto IRAs

Dec 17, 2014

As Illinois pushes ahead with its automatic retirement savings account program, the Financial Services Institute argues the savings plans pose competition to advisers and will work to discourage other states from following suit.

Wells Fargo tweaks deferred comp, pay on stock trades

Dec 17, 2014

Advisers could earn more deferred pay, but minimum ticket size for payout on equity trades upped to $125.

Follow the lead of top performing firms to boost business development

Dec 17, 2014

Creating a marketing plan and having a consistent story are good starting points for most advisers, Fidelity survey finds.

Alternatives offer money managers a profitable lifeline

Dec 17, 2014

Low-cost index funds capturing 25% of new assets but drive just 5% of revenue.

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