Naureen Hassan, who previously oversaw Charles Schwab & Co.'s retail robo-adviser platform, has been hired as chief digital officer for wealth management at Morgan Stanley.
Vestorly, a company whose platform allows advisers to sift through content to share with clients, is using the $4.1 million in fundraising it recently secured to implement artificial intelligence technology to its services.
Income-related premium hikes for 2016 confuse advisers, clients.
The $5.4 billion deal could have RBC's regional wealth management business looking more like a wirehouse or private bank than a regional firm.
<i>Breakfast with Benjamin</i> The price of oil has bounced off the bottom, but it's still a long way from a supply-demand balance.
<i>Breakfast with Benjamin</i> It takes real guts to jump into this stock market. But, historically, that's when the fortunes are made.
<i>Breakfast with Benjamin</i> Are Snapchat and Twitter the next players to enter the robo-advice game?
Plunge in U.S. stock markets are an “emotional response” obscuring economic expansion
S&P 500 company profits could confirm corporate America has slipped into an earnings recession
President Barack Obama told the nation on Tuesday night that he wants American workers to carry their retirement savings with them wherever their career path leads. But he didn't mention what should happen if they take their savings to a financial adviser.
Through its queries to financial advisers, the regulator is asserting its presence in an area normally associated with the Labor Department.
The Labor Department wants to update the fiduciary standard, raising the bar for any advice given by brokers. A change is long overdue, says the former SEC chairman.
<i>Breakfast with Benjamin</i>: Brazil, Russia, India and China assets are down 88% since their 2010 peak.
The life insurer eyes a possible sale of the company's U.S. adviser force as it reshapes its business mix to limit government oversight.
<i>Breakfast with Benjamin</i> Goldman Sachs cuts loose on high-speed trading and an out-of-control market.
Family offices handle the financial affairs of multi-millionaires and their relatives and can do almost anything else &mdash; from hiring staff to managing a wine cellar.
Lining up your values and your spending will position you well for the future.
Stay calm, stay quiet, and hire a ton of lawyers.
<i>Breakfast with Benjamin</i> Avenue Capital decided to deal with the outflows from its junk-bond fund by not reporting them to Lipper and Morningstar. That should do the trick.
Even if the odds of winning the record $1.4 billion Powerball jackpot on Wednesday are 292.2 million to one, it could happen. Here's what to do if it does.
