Industry News

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Mutual fund investors continue to suffer from buying high, selling low: Morningstar
NEWS INDUSTRY NEWS JUN 17, 2016
Mutual fund investors continue to suffer from buying high, selling low: Morningstar

Investors typically lose when trying to time the market. But some experts like <a href="//www.investmentnews.com/article/20160614/FREE/160619961/aqrs-asness-research-affiliates-arnott-agree-that-a-little-market" target="_blank" rel="noopener noreferrer">AQR's Cliff Asness and Rob Arnott of Research Affiliates say a little market timing may not be so bad</a>.

By Jeff Benjamin
John Oliver lambasts U.S. retirement savings system, supports DOL fiduciary rule
NEWS RETIREMENT PLANNING JUN 17, 2016
John Oliver lambasts U.S. retirement savings system, supports DOL fiduciary rule

The star of a late-night HBO comedy show had some biting words for non-fiduciary brokers, high 401(k) fees and active fund management.

By Greg Iacurci
Fiduciary duty finally hits mainstream — and Main Street
NEWS REGULATION AND LEGISLATION JUN 17, 2016
Fiduciary duty finally hits mainstream — and Main Street

The battle over the DOL rule is now moving into the court of public opinion. <i><b>Plus: <a href="//www.investmentnews.com/article/20160613/FREE/160619978/john-oliver-lambasts-u-s-retirement-savings-system-supports-dol&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">Advisers react to comedian John Oliver's biting takedown of brokers and America's retirement system</a>.</b></i>

By Mark Schoeff Jr.
Former star LPL broker who was fired seeking $30M in arbitration claim
NEWS INDUSTRY NEWS JUN 17, 2016
Former star LPL broker who was fired seeking $30M in arbitration claim

James 'Jeb' Bashaw charges broker-dealer trumped up charges to steal his lucrative practice in Houston.

By Bruce Kelly
NEWS EQUITIES JUN 16, 2016
Pimco issues urgent warning about state of commercial real estate market

Plus: Why Wall Street is avoiding pot investments, where to invest $10k today, and become financially better off by not doing this

By Jeff Benjamin
Betterment, Wealthfront among fintech leaders at White House tech summit
NEWS FINTECH JUN 16, 2016
Betterment, Wealthfront among fintech leaders at White House tech summit

Policymakers and regulators eye financial technology and how it is expanding accessibility to more consumers.

By Alessandra Malito
NEWS RETIREMENT PLANNING JUN 16, 2016
Want to work past retirement age? You're not alone

Senior citizens are already working more now than they did in the 1980s and 1990s. But can we raise the retirement age for good?

By Bloomberg
Investors, especially millennials, have unrealistic expectations about annual returns: study
NEWS INDUSTRY NEWS JUN 16, 2016
Investors, especially millennials, have unrealistic expectations about annual returns: study

The average stock market yield globally is only 3.8%, but Americans expect 11% annually.

By Bloomberg
NEWS EQUITIES JUN 16, 2016
Wall Street figuring out how to hedge against a Donald Trump presidency

<i>Breakfast with Benjamin</i> Wall Street investors are working on how to position their portfolios for a potential Donald Trump presidency.

By Jeff Benjamin
Pimco plans to cut workforce after drop in assets since Bill Gross' abrupt exit
NEWS INDUSTRY NEWS JUN 16, 2016
Pimco plans to cut workforce after drop in assets since Bill Gross' abrupt exit

Firm cutting 68 people as it closes dividend-income funds.

By Bloomberg
DOL must keep dialogue open on fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES JUN 16, 2016
DOL must keep dialogue open on fiduciary rule

Sudden withdrawal of DOL's Timothy Hauser from a panel at the Insured Retirement Institute conference was a blunder.

By Andrew Leigh
Two more industry groups file lawsuits against the DOL fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES JUN 16, 2016
Two more industry groups file lawsuits against the DOL fiduciary rule

Today's complaints against the Labor Department regulation raising retirement advice standards, bringing the total to five, say it will make it harder for Americans to purchase fixed annuities.

By Tanvi Acharya
NEWS INDUSTRY NEWS JUN 16, 2016
Are the stock indexes signaling who will win the White House?

<i>Breakfast with Benjamin</i> One analyst says presidential polls and U.S. indexes move in lockstep, citing Clinton's rising fortunes and a rising stock market as an example.

By Jeff Benjamin
A widow's Social Security dilemma
NEWS RETIREMENT PLANNING JUN 16, 2016
A widow's Social Security dilemma

Earnings test complicates choice between retirement and survivor benefits.

By Mary Beth Franklin
Social Security cost-of-living adjustment unlikely for 2017
NEWS RETIREMENT PLANNING JUN 16, 2016
Social Security cost-of-living adjustment unlikely for 2017

High-income retirees could see net benefits decline next year if Medicare premiums rise.

By Mary Beth Franklin
NEWS EQUITIES JUN 16, 2016
How a Brexit will hit U.S. stocks

Plus: The Fed moves bonds, the downside of diversification, and don't rule out a staycation this summer

By Jeff Benjamin
NEWS RETIREMENT PLANNING JUN 16, 2016
Choosing default investment alternatives for 401(k)s requires close due diligence

Maximizing the potential for positive participant outcomes, and minimizing regulatory and litigation risks, requires close analysis of QDIAs.

By Blaine F. Aikin
Madoff sons' fight over cash continues after their deaths
NEWS RETIREMENT PLANNING JUN 16, 2016
Madoff sons' fight over cash continues after their deaths

Mark and Andrew Madoff died without resolving a 2009 lawsuit accusing them of squandering $150 million of investors' money.

By Bloomberg
Elm Tree Investment Advisors executives charged in $17 million fraud
NEWS INDUSTRY NEWS JUN 16, 2016
Elm Tree Investment Advisors executives charged in $17 million fraud

Firm's founder and COO accused of running Ponzi scheme using supposed investments

By Bloomberg
Financial advisers weigh in on the best money advice they received from their dads
NEWS RETIREMENT PLANNING JUN 15, 2016
Financial advisers weigh in on the best money advice they received from their dads

Experts share what they learned from their fathers &amp;mdash; and what they are eager to impress upon their kids.

By Skip Schweiss