The closing of the Third Avenue Focused Credit Fund holds several lessons for financial advisers, their clients and industry regulators.
In a surprise move, management announced Dec. 9 that it was liquidating the fund and freezing redemptions so it didn't have to sell assets at fire-sale prices.
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Advisers play an important role in grooming the next generation of savvy consumers, which can be a win-win for clients and advisers alike.
There's a big disconnect between investor expectations and stark economic realities, especially among American millennials.
Not all charities are created equal, and advisers shouldn't relinquish their role as stewards of their clients' wealth by avoiding philanthropy discussions
A call for new Finra leadership to be more forthcoming about the board's work.
Little to indicate the ETF industry is fully prepared for a major rush to the exits by investors.
