Industry News

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NEWS EQUITIES JUN 23, 2016
If all else fails, blame the sluggish economy on demographics

Plus: European activists hedge funds are nicer, Soros gets it all wrong, and crowdfunding for dummies

By Jeff Benjamin
NEWS RETIREMENT PLANNING JUN 23, 2016
How many marriages will really end in divorce?

Millennials have different attitudes toward marriage than their parents. But will they be better at keeping their vows?

By Bloomberg
Bond bears licking their wounds as stock funds lag amid low-interest rates
NEWS ALTERNATIVES JUN 23, 2016
Bond bears licking their wounds as stock funds lag amid low-interest rates

The average long-term government bond fund has soared 10.1% this year, according to Morningstar.

By John Waggoner
Jackson National's new variable annuity hints at annuities' future post-DOL fiduciary rule
NEWS RETIREMENT PLANNING JUN 23, 2016
Jackson National's new variable annuity hints at annuities' future post-DOL fiduciary rule

The firm is developing its first fee-based variable annuity, which many experts say is the future of the product line in the qualified market.

By Greg Iacurci
$555 million team of advisers jumps to Merrill Lynch from Morgan Stanley
NEWS PRACTICE MANAGEMENT JUN 23, 2016
$555 million team of advisers jumps to Merrill Lynch from Morgan Stanley

The Pohlen Terris and Kasper Group joined the Minnesota office.

By Christine Idzelis
NEWS MUTUAL FUNDS JUN 23, 2016
Bank of America Merrill Lynch to trim mutual fund offerings

The firm hopes to make it easier for clients and advisers to understand sales charge reductions and waivers.

By John Waggoner
MetLife to pay record Finra fine for misleading annuity customers
NEWS INDUSTRY NEWS JUN 23, 2016
MetLife to pay record Finra fine for misleading annuity customers

Insurance giant to pay a $20M fine and $5M to customers for “negligent” misrepresentation and omissions, according to Finra.

By Bloomberg
NEWS RETIREMENT PLANNING JUN 23, 2016
MetLife is second major insurer to exit the brokerage business, in the sale of adviser unit to MassMutual

MetLife is the second major insurer to exit the brokerage business, in the sale of its adviser unit to MassMutual. Mergers may be on the rise due to the Labor Department's proposed fiduciary rule.

By Christine Idzelis
NEWS RETIREMENT PLANNING JUN 23, 2016
How LGBT investors can take advantage of new financial opportunities

Legal recognition of same-sex couples means fewer complications and new options for investing.

By Peter Waterloo
NEWS RETIREMENT PLANNING JUN 23, 2016
Social Security update for gay couples

Legalizing same-sex marriage nationwide opens the door for spousal, survivor, disability and Medicare benefits.

By Mary Beth Franklin
How noncitizens can access Social Security benefits
NEWS RETIREMENT PLANNING JUN 22, 2016
How noncitizens can access Social Security benefits

Foreign workers and dependents retiring abroad face complicated rules.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING JUN 22, 2016
Social Security benefits for noncitizens

Foreign workers and dependents retiring abroad face complicated rules.

By Mary Beth Franklin
U.S. stock futures tumble with global markets on surprise Brexit results
NEWS EQUITIES JUN 22, 2016
U.S. stock futures tumble with global markets on surprise Brexit results

U.K. vote to leave the European Union after more than four decades of membership sends U.S. stock futures tumbling.

By Bloomberg
Active managers brace for shrinking assets and profits
NEWS INDUSTRY NEWS JUN 22, 2016
Active managers brace for shrinking assets and profits

Now top executives at some of the largest fund companies are warning that a reckoning is coming.

By Bloomberg
NEWS EMERGING MARKETS JUN 22, 2016
The high risks facing a low-yield world

Plus: How well do you know your non-traditional bond fund, debunking dividend myths, and looking like a million bucks for less

By Jeff Benjamin
TIAA's Roger Ferguson breaks with rivals to support Obama fiduciary rule
NEWS PRACTICE MANAGEMENT JUN 22, 2016
TIAA's Roger Ferguson breaks with rivals to support Obama fiduciary rule

Former Fed vice chairman says he doesn't support litigation over the controversial regulation.

By Bloomberg
Former LPL broker suspended for supervisory failure, Finra says
NEWS PRACTICE MANAGEMENT JUN 22, 2016
Former LPL broker suspended for supervisory failure, Finra says

Peter Neuberg agreed to a six-month suspension and $15,000 fine.

By Christine Idzelis
NEWS RETIREMENT PLANNING JUN 22, 2016
Baby boomers reach required minimum distribution milestone for retirement accounts

The first wave of boomers turns 70½ starting July 1, and must start taking distributions from their retirement savings.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING JUN 22, 2016
John Oliver's criticism helps fiduciary duty go prime time

Recent 'Last Week Tonight' segment is just one example of the growing awareness of this issue.

By Mark Schoeff Jr.
Beating robo-advisers at their own game
NEWS FINTECH JUN 22, 2016
Beating robo-advisers at their own game

Complacency over adopting new technology will only lead to a declining business, technology expert Joel Bruckenstein said at the Morningstar Investment Conference this week.

By Sheryl Rowling