Industry News

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NEWS EQUITIES NOV 03, 2016
Cautious investors hedge a Donald Trump presidency to the bitter end

Plus: Record bets on the election outcome, questions for your CTA, and don't take financial advice from your family

By Jeff Benjamin
NEWS EQUITIES NOV 03, 2016
The markets fear a contested presidential election

Plus: Going for the gold, retiring with a $500k nest egg, and Templeton Global Bond Fund under the microscope

By Jeff Benjamin
Horizons ETF Management expands U.S. footprint with Recon Capital buy
NEWS ETFS NOV 03, 2016
Horizons ETF Management expands U.S. footprint with Recon Capital buy

Global ETF manager sees big opportunities in U.S. market.

By Jeff Benjamin
NEWS PRACTICE MANAGEMENT NOV 03, 2016
Frequently asked questions on the DOL fiduciary rule's FAQs

The Department of Labor's 24-page document on frequently asked questions on the fiduciary rule inspires even more questions from the advisory industry than it answers.

By DSARCH
NEWS INDUSTRY NEWS NOV 03, 2016
Seeing green, asset managers ramp up purchases of ESG shops

Eaton Vance, Goldman Sachs, FOLIOfn among those firms going for goodness.

By John Waggoner
Bank of America Merrill Lynch tells advisers to stop selling mutual funds in brokerage IRAs now
NEWS PRACTICE MANAGEMENT NOV 03, 2016
Bank of America Merrill Lynch tells advisers to stop selling mutual funds in brokerage IRAs now

The firm is eliminating potnential conflicts of interest before the DOL fiduciary rule take effect next year

By Christine Idzelis
NEWS MUTUAL FUNDS NOV 02, 2016
Who needs ETFs? Nobody, study says

Academic study in Germany concludes that poor fund selection and rotten market timing contribute to poor performance

By John Waggoner
Signator, John Hancock's IBD, taps new CEO
NEWS BROKER DEALERS NOV 02, 2016
Signator, John Hancock's IBD, taps new CEO

By Bruce Kelly
Stifel will retain commissions in retirement accounts under DOL rule
NEWS BROKER DEALERS NOV 02, 2016
Stifel will retain commissions in retirement accounts under DOL rule

CEO says decision preserves choice while recognizing new fiduciary requirements. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>

By Bruce Kelly
NEWS RETIREMENT PLANNING NOV 02, 2016
Looking for good news? Check your 401(k) balance

The average 401(k) gained for the second quarter in a row, inching up 2% in the third quarter.

By Bloomberg
NEWS EQUITIES NOV 02, 2016
Stocks fall as bonds and gold prices climb on U.S. election jitters

Investors are crowding into haven assets after the latest U.S. election polls suggest a tighter race.

By Bloomberg
NEWS RETIREMENT PLANNING NOV 02, 2016
Advisers still baffled by key rule changes to Social Security claiming strategies

One year after the Bipartisan Budget Act of 2015 was signed into law on Nov. 2, advisers and clients still brushing up on new rules.

By Mary Beth Franklin
American Funds files for new share class to cut fund expense ratios
NEWS EQUITIES NOV 02, 2016
American Funds files for new share class to cut fund expense ratios

F3 shares trim expense ratios by about 37 basis points.

By Jeff Benjamin
NEWS REGULATION AND LEGISLATION NOV 02, 2016
Merrill Lynch gives insight to how firms may treat trail commissions post-DOL fiduciary rule

The wirehouse's advisers will lose trail commissions on all but grandfathered brokerage IRA accounts, but may not be hard-hit due to certain procedures to be implemented.

By Greg Iacurci
NEWS INDUSTRY NEWS NOV 02, 2016
Adviser managing $289 million joins Stifel from Wells Fargo

Steve Myatt joining the Waco, Texas office.

By Grete Suarez
NEWS PRACTICE MANAGEMENT NOV 02, 2016
Stifel advisers with $300 million in assets depart for RBC Wealth Management

Three-person team produced $1.5 million in annual revenue

By Christine Idzelis
Wells Fargo mulls development of immediate variable annuity
NEWS LIFE INSURANCE AND ANNUITIES NOV 02, 2016
Wells Fargo mulls development of immediate variable annuity

The supposedly new annuity type, as opposed to an immediate fixed annuity, would lock in a higher income in the event of a strong stock market.

By Greg Iacurci
Insurance-based broker-dealers plan to use BICE under DOL fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES NOV 02, 2016
Insurance-based broker-dealers plan to use BICE under DOL fiduciary rule

Some firms are rethinking a shift to fee-based compensation and instead are sticking with commission structures that will trigger the need for best interest contract exemptions.

By Greg Iacurci
NEWS ALTERNATIVES NOV 01, 2016
When it comes to hedge fund management, computers also fail

Plus: Forecasting a Trump victory, the reality of retirement healthcare costs, and getting your emails opened

By Jeff Benjamin
NEWS FINTECH NOV 01, 2016
Morningstar launches ETF analyst ratings for 250 funds

By John Waggoner