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Only half Morgan Stanley staff will be back by year-end: CEO
RIAS PRACTICE MANAGEMENT MAY 21, 2020
Only half Morgan Stanley staff will be back by year-end: CEO

Gorman said the portion of employees back in the office varies significantly depending on the location

Troubles of giant oil ETF raise questions about commodity funds
INVESTING MUTUAL FUNDS MAY 21, 2020
Troubles of giant oil ETF raise questions about commodity funds

The United States Oil Fund’s extraordinary buying and selling suggests the ETF may have gotten too big for its own good

Vanguard's $50 billion woman outperformed amid bond market chaos
INVESTING FIXED INCOME MAY 20, 2020
Vanguard's $50 billion woman outperformed amid bond market chaos

Several of the actively traded fixed-income funds Gemma Wright-Casparius runs have beaten most of their peers so far this year

How a 2019 breakaway is navigating the crisis
RIAS INDUSTRY NEWS MAY 19, 2020
How a 2019 breakaway is navigating the crisis

Houston-based Americana Partners is dealing not only with the pandemic and the slowing economy, but the drop in oil prices

Congress pressed to mandate higher giving amid crisis
ADVISOR NEWS REGULATION AND LEGISLATION MAY 19, 2020
Congress pressed to mandate higher giving amid crisis

Proposal would require foundations and donor-advised funds to donate 10% of their total assets to charities in each of the next three years

JPMorgan shutting down ETFs that use hedge fund strategies
INVESTING ALTERNATIVES MAY 19, 2020
JPMorgan shutting down ETFs that use hedge fund strategies

The firm has had more success with its BetaBuilders funds, which track broad benchmarks at low prices

Robinhood, ETrade have resolved tech issues
RIAS FINTECH MAY 18, 2020
Robinhood, ETrade have resolved tech issues

Both online trading platforms had experienced problems Monday morning

Wells Fargo's market value is down $220 billion since Fed cap
ADVISOR NEWS WIREHOUSES MAY 18, 2020
Wells Fargo's market value is down $220 billion since Fed cap

The limit the Fed imposed on the bank's assets are hitting harder as corporate customers draw down credit lines amid the pandemic

Investment giants try to reshape ETF market
INVESTING MUTUAL FUNDS MAY 15, 2020
Investment giants try to reshape ETF market

Smaller companies are pushing back, arguing the big players are just trying to cement their dominance

Adviser pleads guilty to $18 million fraud scheme
ADVISOR NEWS REGULATION AND LEGISLATION MAY 15, 2020
Adviser pleads guilty to $18 million fraud scheme

Fred Elm of Elm Tree Investment Advisers claimed he could get investors access to pre-IPO shares of tech companies