Western Asset Management Company has seen at least $120 billion leave since the SEC announced its investigation into Ken Leech. The instance highlights key-person risk that the asset management world has been trying to get away from.
A number of exchange-traded funds are popping up that aim either to invest politically or to find opportunities amid deregulation. Be careful, observers say.
New data add to piles of surveys showing people don't feel financially prepared for retirement. While retirees often adjust to live within their means, long-term care is a looming problem.
Ameriprise, LPL and Morgan Stanley were among those impacted as firms suffer more than the broader market.
With big staff cuts coming to an agency already struggling to provide customer service, Social Security claimants should begin preparing, advisors said.
So-called meme coins, including those launched by the president and first lady, fail the SEC's Howey Test, the agency said.
The CFP Board today issued an ethics guide for generative AI, coinciding with a separate report showing that most advisors are using the technology in some way.
Longevity is increasingly globally thanks to advances in medicine and technology. There are wild estimates about AI doubling average lifespans in short order, but there are factors that are also working against longevity.
The SEC is reviewing ETF applications and proposed rule changes at various exchanges for alternatives to bitcoin and Ether. Approval for some may be likely, but whether investors want the options is a question.
Any government agency, including the SEC, could be made more efficient, lawyers said. But getting rid of knowledgeable staff may have long-term consequences.
