Bloomberg

Bloomberg
Displaying 13159 results
RIAS PRACTICE MANAGEMENT OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

About 2.7 million fewer people got tax refunds after law change
RIAS RIA NEWS OCT 18, 2019
About 2.7 million fewer people got tax refunds after law change

Changes in withholding rates meant many got the tax cut in small chunks in their paychecks, rather than in one large check after filing their tax return.

Passive proliferation slows, with 770,000 indexes scrapped in 2019
RIAS RIA NEWS OCT 16, 2019
Passive proliferation slows, with 770,000 indexes scrapped in 2019

But the number of fixed-income indexes expanded, as did ESG indexes.

ESG hardliners blacklist $16 trillion US Treasuries market
INVESTING FIXED INCOME OCT 16, 2019
ESG hardliners blacklist $16 trillion US Treasuries market

French state pension plan, ESG funds take stance based on US government's stance on capital punishment.

Michael Hasenstab fund loses $3 billion in a miserable quarter
RIAS RIA NEWS OCT 16, 2019
Michael Hasenstab fund loses $3 billion in a miserable quarter

Total net assets dropped from $33 billion to $30 billion in the three months through September.

Charles Schwab slams wealth tax as destroyer of U.S. creativity
RIAS RIA NEWS OCT 16, 2019
Charles Schwab slams wealth tax as destroyer of U.S. creativity

Eliminating commissions is fundamental in getting more people to engage in investing.

RIAS RIA NEWS OCT 16, 2019
Fisher client exodus nears $1 billion in backlash over remarks

The Boston Pension Board said Wednesday it is yanking $248 million that is managed by Fisher Investments.

Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down
RIAS RIA NEWS OCT 15, 2019
Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down

Expense for litigation tied to scandals in Well's retail bank, cuts earnings by 35 cents a share.

Fidelity is reviewing its ties with Ken Fisher after his comments at conference
RIAS RIA NEWS OCT 15, 2019
Fidelity is reviewing its ties with Ken Fisher after his comments at conference

Fisher Investments manages about $500 million for Fidelity's Strategic Advisers unit

Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud
ADVISOR NEWS REGULATION AND LEGISLATION OCT 15, 2019
Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud

The scheme caused more than 7,000 retirees and other investors to lose money