Bloomberg

Bloomberg
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Orthodontists aren't smiling about teeth-straightening startups
RETIREMENT PLANNING SEP 20, 2018
Orthodontists aren't smiling about teeth-straightening startups

Companies like SmileDirectClub will correct misaligned teeth for much less money.

Wells Fargo chair denies rumors bank is seeking to replace CEO
WIREHOUSES SEP 20, 2018
Wells Fargo chair denies rumors bank is seeking to replace CEO

News report claimed the board had talked to former Goldman exec Gary Cohn about the job.

Wells Fargo plans to cut staff up to 10% within next three years
PRACTICE MANAGEMENT SEP 20, 2018
Wells Fargo plans to cut staff up to 10% within next three years

Bank is struggling to cut spending amid regulatory fines and higher legal costs stemming from scandals.

Former CEO of AllianceBernstein raises $4 billion to launch fund company
MUTUAL FUNDS SEP 20, 2018
Former CEO of AllianceBernstein raises $4 billion to launch fund company

New fund company will link manager pay and investor fees to fund performance.

Investors pour money into ETF ahead of index reorganization
ETFS SEP 19, 2018
Investors pour money into ETF ahead of index reorganization

Impending change benefits State Street's communications exchange-traded fund.

Bank of America to sell alternative operations with $20 billion to iCapital
ALTERNATIVES SEP 19, 2018
Bank of America to sell alternative operations with $20 billion to iCapital

The operations for feeder funds pool client money to invest in hedge funds and private equity.

Cash-strapped Americans willing to leverage homes to pay bills
PRACTICE MANAGEMENT SEP 19, 2018
Cash-strapped Americans willing to leverage homes to pay bills

Millennials, low earners and the less educated were most likely to think it was appropriate to tap home equity to cover ordinary bills.

Financial education to stoke wealth creation for diverse groups
PRACTICE MANAGEMENT SEP 18, 2018
Financial education to stoke wealth creation for diverse groups

Adviser bringing financial literacy to communities of color and helping them create, grow and transfer generational wealth.

Do-it-yourself deals are all the rage among rich investors
ALTERNATIVES SEP 14, 2018
Do-it-yourself deals are all the rage among rich investors

Ultrawealthy look beyond hedge funds and private equity to making direct investments in businesses.

Stocks are doing OK. Asset managers' stocks? Not so much
EQUITIES SEP 14, 2018
Stocks are doing OK. Asset managers' stocks? Not so much

An index of asset managers and custody banks is down almost 11% this year, and some fund companies are off more than 25%.