Goldman strikes deal to exit robo business
The banking behemoth is transferring its automated investing business to Betterment as it refocuses on its Wall Street operations.
Just say no to Goldman’s executive comp plan, investors urged
Proxy voting firm cites ‘significant disconnect between pay and performance’ following CEO Solomon’s $31 million payday.
Muni bonds’ tax shield looking shinier amid US wealth boom
With tax and rate hikes on the horizon, a surge in high-earning American households sets up robust demand for munis.
JPMorgan among winners as Latin American wealth flocks to Miami
However, Morgan Stanley has been losing clients in city amid Federal Reserve review of its measures to prevent potential money laundering.
California gets ahead of SEC in forcing firms’ carbon disclosure
Golden State’s proposal will force corporations to make carbon emissions public.
Team managing $390 million at Royal Alliance switches to LPL
Seven financial advisers with CPC Financial Planning in Pennsylvania make move.
SEC plan would open hedge funds, unicorns to more investors
Regulator proposes allowing people with some professional financial certifications, such as Series 7, 65 and 82 licenses, to qualify as accredited investors
Pershing adds fee-based annuities to its managed accounts system
Clearing powerhouse will support more than 70 fee-based annuities from 18 carriers.
Citi tells rich clients to stop being so nervous about stocks
A new report from the private bank rejects the idea that a recession is imminent.
Calpers scales back on ’emerging’ equity fund managers as returns lag
Launched in 1991, the program has failed to produce acceptable gains.