Industry News

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Gundlach paints bearish outlook for 2016 investing
NEWS EQUITIES JAN 08, 2016
Gundlach paints bearish outlook for 2016 investing

One of the market's biggest bears says there's more bad news ahead.

By Bloomberg
Gray divorce boosts poverty level for women
NEWS RETIREMENT PLANNING JAN 08, 2016
Gray divorce boosts poverty level for women

New Social Security rules will limit claiming options for ex-spouses.

By Mary Beth Franklin
DoubleLine's Gundlach calls unconstrained bond funds a 'gimmick' and constrained
NEWS MUTUAL FUNDS JAN 08, 2016
DoubleLine's Gundlach calls unconstrained bond funds a 'gimmick' and constrained

The money manager doesn't see a bright future for go-anywhere funds, with the notable exception of his own DoubleLine Flexible Income Fund.

By Jeff Benjamin
The SEC has reduced the charges against SAC Capital's Steve Cohen
NEWS EQUITIES JAN 08, 2016
The SEC has reduced the charges against SAC Capital's Steve Cohen

<i>Breakfast with Benjamin</i>: SEC backs away from part of its charges, moving Steve Cohen a step closer to again managing outside capital.

By Jeff Benjamin
Cybersecurity solutions to weak passwords
NEWS FINTECH JAN 07, 2016
Cybersecurity solutions to weak passwords

As part of a strong cybersecurity policy, advisers need to pay more attention to stronger password, fingerprint scanners and other technologies to protect their data, especially as the Securities and Exchange Commission sets its sights on cybersecurity this year.

By Alessandra Malito
NEWS RETIREMENT PLANNING JAN 07, 2016
You may have to wait longer for your tax refund this year

Increased fraud protections in response to last year's explosion of refund theft will likely draw out the wait for your money.

By Bloomberg
George Soros says global market volatility echoes 2008 crisis
NEWS EMERGING MARKETS JAN 07, 2016
George Soros says global market volatility echoes 2008 crisis

Global markets are facing a serious challenge that has similarities to the 2008 financial crisis, billionaire George Soros told an economic forum in Sri Lanka on Thursday.

By Bloomberg
Making sense of China's huge stock market selloff
NEWS EQUITIES JAN 07, 2016
Making sense of China's huge stock market selloff

The recent sharp selloff in Chinese stocks on the back of a very positive economic policy package from Beijing seems irrational.

By Chen Zhao
Mobile work options impact RIA firms
NEWS FINTECH JAN 07, 2016
Mobile work options impact RIA firms

Allowing employees more flexibility and control over their work routines can lead to greater productivity and a long-tenured team.

By Sheryl Rowling
Under pressure, will Cetera advisers jump ship?
NEWS BROKER DEALERS JAN 07, 2016
Under pressure, will Cetera advisers jump ship?

Some are feeling skittish about their future prospects as parent company RCS Capital Corp. operates under an $800 million debt burden.

By Bruce Kelly
SEC proposes rule to cap use of derivatives in mutual funds
NEWS ETFS JAN 07, 2016
SEC proposes rule to cap use of derivatives in mutual funds

Rule limiting fund leverage represents one of the most aggressive responses by regulators to risks exposed during the 2008 financial crisis

By Bloomberg
The challenge of keeping clients away from shiny new investing trends
NEWS ALTERNATIVES JAN 07, 2016
The challenge of keeping clients away from shiny new investing trends

A firsthand example of how hard it can be for investors to ignore something that looks exciting.

By crichards
NEWS FINTECH JAN 07, 2016
Microsoft Dynamics CRM program gets a face lift

Client-relationship management program Microsoft Dynamics announced upgrades on Monday, but some financial advisers say the platform is still not ready for the big leagues.

By Alessandra Malito
Morgan Stanley names operating chief as lead of 'digital offering'
NEWS FINTECH JAN 06, 2016
Morgan Stanley names operating chief as lead of 'digital offering'

As Morgan Stanley's head of wealth management, Greg Fleming, steps down, Jim Rosenthal, chief operating officer, is stepping up to take the reins of the firm's impending digital offering.

By Alessandra Malito
NEWS FIXED INCOME JAN 06, 2016
The Fed shows its hawkish side

<i>Breakfast with Benjamin</i> The market is expecting two small hikes, but the Federal Reserve is suggesting that four rate hikes might be on the table in 2016.

By Jeff Benjamin
Clients hating you for their international funds? Here's how to cope
NEWS RIAS JAN 06, 2016
Clients hating you for their international funds? Here's how to cope

You know that international diversification is a wise move. After this week, your clients may need more convincing.

By John Waggoner
NEWS MUTUAL FUNDS JAN 06, 2016
Pimco's flagship fund finds December net inflows, thanks to some clever math

<i>Breakfast with Benjamin</i> Clever calculating that counted capital gains reinvestments as inflows gave Pimco's flagship fund its first month of inflows since April 2013.

By Jeff Benjamin
NEWS RETIREMENT PLANNING JAN 06, 2016
What to do with your 401(k) after you leave your job

Fees in 401(k)s and IRAs vary greatly &amp;mdash; and they could be silently killing your investment returns.

By Bloomberg
U.S. stocks plummet after China selloff
NEWS EMERGING MARKETS JAN 06, 2016
U.S. stocks plummet after China selloff

Amid triple-digit plunge, financial advisers fear volatility is the new norm.

By Bloomberg
NEWS PRACTICE MANAGEMENT JAN 06, 2016
Advisers optimistic about 2016 business

In spite of the political climate, pending regs and global unrest, advisers see a bright year ahead.

By Liz Skinner