Industry News

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Reality of the robo invasion isn't what advisers think
NEWS FINTECH JUL 27, 2015
Reality of the robo invasion isn't what advisers think

While many believe that robos keep advisers up at night, findings from a new study show a very different reality.

By Mitchell H. Caplan
Gold not getting boost from investors seeking safe haven from Greek crisis
NEWS ALTERNATIVES JUL 27, 2015
Gold not getting boost from investors seeking safe haven from Greek crisis

The precious metal stays in trading range as Greece lives on the edge of default due to tepid inflation, muted demand for gold from China and a strong U.S. dollar.

By Jeff Benjamin
NEWS MUTUAL FUNDS JUL 27, 2015
Eaton Vance offers to pay broker-dealers that adopt 'NextShares' active funds

Firm faces challenge convincing broker-dealers to sell a new type of investment product.

By Trevor Hunnicutt
NEWS WIREHOUSES JUL 27, 2015
Fund conversion takes toll on UBS' fee revenue

Fund conversion takes a toll on UBS' fee revenue, but AUM and revenue per adviser hits a record as the firm sheds lower producers.

By Mason Braswell
NEWS IRA ALERT JUL 26, 2015
Law expands 10% penalty exception for public safety workers

More public safety officials may take early distributions without penalty from more of their government-sponsored retirement plans.

By Ed Slott
Are millennials as risk-averse as they're made out to be?
NEWS PRACTICE MANAGEMENT JUL 26, 2015
Are millennials as risk-averse as they're made out to be?

New data compares millennials' risk tolerance to their Generation X and baby boomer counterparts.

By Paul Resnik
NEWS INDUSTRY NEWS JUL 26, 2015
It's all about the economy

<i>Breakfast with Benjamin:</i> As September, and a likely rate hike from the Federal Reserve, inch closer, everyone is watching economic numbers more closely than ever. Here's what to look for this week.

By Jeff Benjamin
NEWS BROKER DEALERS JUL 24, 2015
Don't assume cash will rule where you move your practice

Set the reset button on upfront money expectations.

By Jodie Papike
NEWS RETIREMENT PLANNING JUL 24, 2015
Facebook posts can actually help couples stay together longer

First comes Facebook, then comes deep, long-lasting romance, but please &amp;mdash; don't go overboard with the lovey-dovey photos.

By Bloomberg
NEWS INDUSTRY NEWS JUL 24, 2015
Would you rather buy a Ferrari Testarossa or invest in the brand's IPO?

Vintage Ferraris have surged nearly seven-fold in value since 2006, and even newer supercars, like the 1980s-era Testarossa, have nearly doubled over the past 12 months alone.

By Bloomberg
NEWS INDUSTRY NEWS JUL 24, 2015
A tech startup is cataloguing every piece of art on the market

And once it's catalogued, Verisart aims to help people buy and sell art digitally.

By Bloomberg
The final hurdle in the challenge of going paperless
NEWS FINTECH JUL 24, 2015
The final hurdle in the challenge of going paperless

Testing out a couple 'yellow pad' apps leads to the discovery that it's not so hard after all.

By Sheryl Rowling
When deciding whether to be bullish or bearish, follow Twitter's lead
NEWS INDUSTRY NEWS JUL 24, 2015
When deciding whether to be bullish or bearish, follow Twitter's lead

New study shows that this social network gets a read on market sentiment first, and often gets it right.

By Bloomberg
Obamacare stands, solidifying health care planning
NEWS RETIREMENT PLANNING JUL 24, 2015
Obamacare stands, solidifying health care planning

Supreme Court rules that U.S. tax subsidies are legal for all health insurance exchanges, allowing for more long-term financial planning.

By Liz Skinner
NEWS PRACTICE MANAGEMENT JUL 23, 2015
SEC charges fund manager First Eagle for improper distribution payments

The firm and its fund distributor will pay $40 million to settle claims in what the SEC says is 'first' in an ongoing series of investigations.

By Trevor Hunnicutt
NEWS INDUSTRY NEWS JUL 23, 2015
Scott Walker balanced Wisconsin's budget. His own is another story

Advisers say the Wisconsin governor and presidential candidate should renegotiate &#8212; and reduce &#8212; his debt.

By Mark Schoeff Jr.
Citi Private Bank courting wealthy young heirs by teaching them to buy art
NEWS PRACTICE MANAGEMENT JUL 23, 2015
Citi Private Bank courting wealthy young heirs by teaching them to buy art

In the past, wealth managers haven't been so successful at keeping younger clients &amp;mdash; on average, firms have seen almost half of the assets leave when a family's wealth is being handed to the next generation.

By Bloomberg
NEWS INDUSTRY NEWS JUL 23, 2015
Why this bottle of rum costs $1,500 — and how it tastes

Suffice to say, Brugal's Pap&aacute; Andr&eacute;s isn't for making Mai Tais.

By Bloomberg
NEWS INDUSTRY NEWS JUL 23, 2015
More sellers listing tony Long Island properties causes Hamptons home prices to fall

In the three months through June, Hamptons homes sold for a median of $849,000, down 6.5% from second-quarter 2014, while completed deals in the favored summer retreat of Wall Street financiers tumbled 16% to 590.

By Bloomberg
Morgan Stanley head count dips to record low
NEWS PRACTICE MANAGEMENT JUL 23, 2015
Morgan Stanley head count dips to record low

Largest firm by number of advisers cedes ground with 3% one-year drop; executives point to shedding of lower producers.

By Mason Braswell