Industry News

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NEWS INDUSTRY NEWS OCT 21, 2015
How Kubrick's '2001: A Space Odyssey' mirrors today's brokerage industry

The analogy of evolution and the shared themes of technology, human change and exploration are parallel.

By Jeffrey Anderson
Carl Icahn campaigns against corporate inversions and for himself
NEWS EQUITIES OCT 21, 2015
Carl Icahn campaigns against corporate inversions and for himself

<i>Breakfast with Benjamin</i>: Carl Icahn's smooth move to try and halt corporate inversions in the name of tax patriotism is, naturally, also pretty good for his own portfolio.

By Jeff Benjamin
NEWS RETIREMENT PLANNING OCT 21, 2015
Is it better to rent or buy?

Across the U.S., it's 23% cheaper for a young household to buy a home than to rent one. Find out where it's best to buy now.

By Bloomberg
Pension trade group believes DOL fiduciary rule is all but inevitable
NEWS RETIREMENT PLANNING OCT 21, 2015
Pension trade group believes DOL fiduciary rule is all but inevitable

American Society of Pension Professionals and Actuaries now plans to shape -- not kill -- the proposal.

By Mark Schoeff Jr.
Morgan Stanley's wealth management unit sputters in global slowdown
NEWS WIREHOUSES OCT 21, 2015
Morgan Stanley's wealth management unit sputters in global slowdown

Revenue from transactions decreased 28.5%, as skittish investors stayed away from the market.

By Bruce Kelly
Warren Buffett doesn't have time to fiddle with activist investing
NEWS EQUITIES OCT 21, 2015
Warren Buffett doesn't have time to fiddle with activist investing

<i>Breakfast with Benjamin</i>: Warren Buffett's distaste for activist investing boils down to simple math.

By Jeff Benjamin
Edelman Financial Services to be acquired by Hellman & Friedman
NEWS INDUSTRY NEWS OCT 21, 2015
Edelman Financial Services to be acquired by Hellman & Friedman

Hellman &amp; Friedman will take majority stake in financial planning firm; founder and CEO Ric Edelman remains largest individual shareholder.

By Alessandra Malito
NEWS BROKER DEALERS OCT 20, 2015
RCS Capital stock may be delisted from NYSE

Exchange warning on share price comes as Massachusetts securities cop Galvin <a href="//www.investmentnews.com/article/20151112/FREE/151119971/massachusetts-galvin-charges-realty-capital-securities-with-proxy&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">charges its wholesale brokerage, Realty Capital Securities, with proxy fraud</a>.

By Bruce Kelly
NEWS RETIREMENT PLANNING OCT 20, 2015
How to hedge against triple whammy of Medicare price hikes

These three strategies can blunt the impact of 2016 cost increases.

By Katy Votava
NEWS EQUITIES OCT 20, 2015
Results not guaranteed

<i>Breakfast with Benjamin:</i> Financial adviser Rick Kahler says advisers could lose clients who expect to be given guarantees. And that's OK.

By Jeff Benjamin
NEWS PRACTICE MANAGEMENT OCT 20, 2015
Your young clients lack self-reliance

By Bloomberg
Schwab Intelligent Portfolios up 37% in third quarter
NEWS FINTECH OCT 20, 2015
Schwab Intelligent Portfolios up 37% in third quarter

Growth likely reflects existing clients shifting to automatic platform.

By Alessandra Malito
From Total Rebalance Expert's CEO: Why Morningstar, why now
NEWS FINTECH OCT 20, 2015
From Total Rebalance Expert's CEO: Why Morningstar, why now

Sheryl Rowling says that after a few months working together, the two companies realized a closer relationship made sense.

By Sheryl Rowling
NEWS BROKER DEALERS OCT 20, 2015
Reining in expungements

Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.

By MFXFeeder
Finra presses ahead with proposal to temper expungement
NEWS PRACTICE MANAGEMENT OCT 20, 2015
Finra presses ahead with proposal to temper expungement

The regulator's Board of Governors authorized amendments to the code of arbitration and also approved a separate item to protect senior investors.

By Mason Braswell
Estimating college costs about to get easier
NEWS RETIREMENT PLANNING OCT 20, 2015
Estimating college costs about to get easier

Families will be able to use income data from two years before the student attends school on their federal financial aid forms, instead of data from the prior year.

By Liz Skinner
NEWS FINTECH OCT 19, 2015
Personal Capital slashes account minimum to $25,000 from $100,000

As the robo market heats up, Personal Capital cuts minimum account requirements in a move to attract younger clients.

By Alessandra Malito
Morgan Stanley shuffles Greg Fleming's role in surprise move
NEWS WIREHOUSES OCT 19, 2015
Morgan Stanley shuffles Greg Fleming's role in surprise move

In a surprise move, the president of Morgan Stanley's wealth management and investment management divisions now will oversee only wealth management.

By Mason Braswell
NEWS RIAS OCT 19, 2015
HighTower may be moving closer to an IPO

Executives at the hybrid advisory run by Elliot Weissbluth made a presentation last week on a potential IPO, according to sources.

By Mason Braswell
Donald Sterling's battle holds harsh lessons for advisers
NEWS INDUSTRY NEWS OCT 19, 2015
Donald Sterling's battle holds harsh lessons for advisers

The L.A. Clippers owner's fight with pro basketball highlights important tax and estate strategies that may surprise you.

By Darla Mercado