Industry News

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NEWS EQUITIES DEC 03, 2015
Advisers take heed: Investment crowdfunding coming soon to a client near you

Legion M offers hope for a Hollywood-level debut.

By Jeff Benjamin
NEWS EQUITIES DEC 03, 2015
U.S. IPO market on track for slowest month since recession

There have been no initial public offerings so far in 2016.

By Bloomberg
Bill Gross's investors yank $74 million from Janus fund in November
NEWS FIXED INCOME DEC 03, 2015
Bill Gross's investors yank $74 million from Janus fund in November

Investors resumed redemptions from Bill Gross's Janus Global Unconstrained Bond Fund, taking out about $74 million in November.

By Bloomberg
NEWS FIXED INCOME DEC 03, 2015
The jobs report probably won't change the Fed's mind on liftoff

Federal Reserve officials have signaled that an interest-rate increase is in play for their December meeting.

By Bloomberg
Green energy investing takes center stage
NEWS EQUITIES DEC 03, 2015
Green energy investing takes center stage

A commitment that can make investment performance a lesser priority.

By Jeff Benjamin
Pimco Income Fund, managed by Gross successor Ivascyn, sees first inflows since 2013
NEWS MUTUAL FUNDS DEC 03, 2015
Pimco Income Fund, managed by Gross successor Ivascyn, sees first inflows since 2013

Bill Gross' successor Daniel Ivascyn quietly has pulled off a stunning performance.

By Bloomberg
NEWS RETIREMENT PLANNING DEC 03, 2015
Social Security changes present opportunities

Once you recover from the shock of learning that the most valuable Social Security claiming strategies are being phased out, take steps to turn this game-changing event into an opportunity by connecting with clients.

By Mary Beth Franklin
As robo-advice spreads, so should the caution warnings
NEWS EQUITIES DEC 03, 2015
As robo-advice spreads, so should the caution warnings

<i>Breakfast with Benjamin</i>: As robo-advisers flood the zone, investors (and human financial advisers) should continue to proceed with caution.

By Jeff Benjamin
NEWS RETIREMENT PLANNING DEC 03, 2015
How wealth distribution really affects charitable giving

A new study found rich people in states with the most skewed income scales were significantly less generous than their peers in states where wealth is more evenly distributed.

By Bloomberg
Is Fidelity's plan to ditch relationship with Betterment and build its own robo too little, too late?
NEWS FINTECH DEC 03, 2015
Is Fidelity's plan to ditch relationship with Betterment and build its own robo too little, too late?

Fidelity Investments plans to sever its relationship with robo-adviser Betterment Institutional in December in favor of building an automated investment platform on its own.

By Alessandra Malito
Merrill team with $2.9 billion joins Raymond James
NEWS BROKER DEALERS DEC 03, 2015
Merrill team with $2.9 billion joins Raymond James

Five advisers in New York bail on Merrill Lynch, the second multibillion-dollar wirehouse team to join RJ in the last five months.

By Liz Skinner
Wells Fargo CEO Stumpf says firm's wealth-, investment-management business is biggest growth opportunity
NEWS WIREHOUSES DEC 02, 2015
Wells Fargo CEO Stumpf says firm's wealth-, investment-management business is biggest growth opportunity

Wells Fargo's wealth- and investment-management business has the potential to earn multiples of what it brings in now, making it the firm's largest growth opportunity, chief executive John Stumpf said.

By Bloomberg
Don't let currencies bite you when investing in international equities
NEWS EQUITIES DEC 02, 2015
Don't let currencies bite you when investing in international equities

The asset class offers portfolio diversification and a lot of upside protection but advisers can't forget about the impact of foreign exchange on returns.

By Adam Patti
NEWS INDUSTRY NEWS DEC 02, 2015
JPMorgan under investigation over fund sales

The SEC and other authorities are seeking information about the bank's use of proprietary products in its wealth management unit.

By Bloomberg
Danger, Will Robinson! Will robots take over the financial advice industry?
NEWS FINTECH DEC 01, 2015
Danger, Will Robinson! Will robots take over the financial advice industry?

MarketCounsel panelists agree that in the future, human advice will be integrated with digital platforms and technology to improve financial planning.

By Jeff Benjamin
Hedge funds are waking up to redemptions
NEWS EQUITIES DEC 01, 2015
Hedge funds are waking up to redemptions

<i>Breakfast with Benjamin</i>: The trend of redemptions could mark a turning point for pricey hedge fund strategies that sometimes underperform.

By Jeff Benjamin
A more reachable retirement savings target: 60% of pre-retirement income
NEWS EQUITIES DEC 01, 2015
A more reachable retirement savings target: 60% of pre-retirement income

<i>Breakfast with Benjamin</i>: Instead of needing 80% of your pre-retirement income, you can probably make it with 60%.

By Jeff Benjamin
NEWS RETIREMENT PLANNING DEC 01, 2015
How U.S. health-care costs stack up against the rest of the world

Americans spend an average of $9,146 a year on health care.

By Bloomberg
$25B institutional money manager takes a leap into retail
NEWS EQUITIES DEC 01, 2015
$25B institutional money manager takes a leap into retail

Three mutual funds just the start for Pzena Investment Management.

By Jeff Benjamin
SEC's fiduciary standard expected in October 2016
NEWS REGULATION AND LEGISLATION DEC 01, 2015
SEC's fiduciary standard expected in October 2016

Five years after Dodd-Frank, agency puts issue on official calendar, signaling the rule is a priority.

By Alessandra Malito