Matt Ackermann
Director of Digital Content at InvestmentNews. Twitter: @acketyack
Director of Digital Content at InvestmentNews. Twitter: @acketyack
The advancing age of wealthy baby boomers is a creeping and subtle threat to the long-term survival of many asset-based, fee-dependent advisory firms. Here's what some advisers are doing to stem the tide of dwindling assets.
Envestnet Inc. a maker of cloud-based software used by financial advisers, has increased its value fivefold since going public. Buyers may take notice.
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., changed the standard by which he measures performance after falling short of his target for the first time in decades.
BlackRock Inc. hired JPMorgan Chase & Co.'s Christopher Jones as chief investment officer for stocks in the Americas as the world's biggest money manager seeks to bolster its active equity business.
The practice of dealers' showing clients different prices for the same securities on electronic bond-trading platforms is drawing the scrutiny of the Securities and Exchange Commission, which is concerned that smaller investors are being penalized.
Bill Gross, musing on his legacy in an April investment outlook, contended that the real test of his greatness as investor would be his ability to adapt to a new era of shrinking bond market returns. Almost a year later, the bond king is stumbling.
