Court case raises the question of how much leeway funds have in following a benchmark.
Seven financial advisers with CPC Financial Planning in Pennsylvania make move.
The collapse of Lehman inspired the co-founder of UBS Group AG's Evergreen Wealth Management to find a purpose for wealth.
Regulator proposes allowing people with some professional financial certifications, such as Series 7, 65 and 82 licenses, to qualify as accredited investors
Firms that don't have a track record of beating the market or can't offer a diverse range of investments may be left behind.
Passive strategies such as ETFs are benefiting as investors bail on active managers after years of underperformance.
Managers have been snapping up trades like TIPS as a cheap hedge against disruptive inflation in 2020
The group will focus on advising clients with up to $10 million in net worth.
Clearing powerhouse will support more than 70 fee-based annuities from 18 carriers. ​ 
Startup has spent the past 12 months retooling the product after a botched launch.
