Industry News

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NEWS INDUSTRY NEWS JUN 18, 2015
Want to buy a painting? Try Instagram

More investors are using the photo-sharing app to search for works and make purchases.

By Bloomberg
Abandoning alternative investments at this point is based on twisted logic
NEWS EQUITIES JUN 18, 2015
Abandoning alternative investments at this point is based on twisted logic

Just because your house hasn't burned down yet doesn't mean you can skip insurance.

By Jeff Benjamin
Cost pressures compel $24 billion B-D to sell stake to PE firm
NEWS INDUSTRY NEWS JUN 18, 2015
Cost pressures compel $24 billion B-D to sell stake to PE firm

Family-owned brokerage firm Lincoln Investment Planning has sold a 20% stake to Lovell Minnick Partners, a private equity firm.

By Mason Braswell
NEWS RETIREMENT PLANNING JUN 18, 2015
Washington latest state to encourage workplace retirement plans

Creates website to match small employers with private-sector retirement plans

By Mark Schoeff Jr.
NEWS IRA ALERT JUN 18, 2015
Clearing up adviser confusion on the new once-per-year IRA rollover rule

Here are answers to common adviser questions on the new IRA rollover rule

By Ed Slott
NEWS ETFS JUN 18, 2015
Money managers like Jeffrey Gundlach scramble to jump into ETFs

Fund managers like DoubleLine's Jeffrey Gundlach are arriving late to the ETF game and sound ambivalent about how popular ETFs will become &amp;mdash; but they don't want to be left behind. <b><i>(More: <a href="//www.investmentnews.com/section/specialreport/20150419/ETF042015&quot;" target="&quot;_blank&quot;" rel="noopener">Our full Spotlight on ETFs special report</a>)</b></i>

By Trevor Hunnicutt
NEWS WIREHOUSES JUN 18, 2015
NFL star Dwight Freeney sues BofA, adviser for $20 million

Dwight Freeney accuses the firm and adviser Michael Bock of leading him into a massive scam. <i>(Plus: <a href=&quot;http://www.investmentnews.com/gallery/20130812/FREE/812009998/PH/athletes-vs-advisers&quot; target=&quot;_blank&quot;>7 athletes who say they were duped by advisers</a>)</i>

By Mason Braswell
NEWS RIAS JUN 17, 2015
Bronfman E.L. Rothschild acquires Highline to create $3.6B firm

Bronfman E.L. Rothschild buys Neal Simon's Highline Wealth Management, creating a $3.6 billion firm &amp;mdash; the latest example of big consolidations among independent advisers.

By Mason Braswell
NEWS EQUITIES JUN 17, 2015
Guns, booze, cigs and sin: The Vice Fund has changed its name, but not its investment philosophy

Since inception in August 2002, the fund has an average annual return of 9.9%, beating the 8.7% for the S&amp;P 500.

By Bloomberg
NEWS INDUSTRY NEWS JUN 17, 2015
How Maria Sharapova rose to be the world's wealthiest female athlete

Though she's number two on the courts, the tennis star has become the most marketable competitor.

By Bloomberg
NEWS RETIREMENT PLANNING JUN 17, 2015
Charitable giving finally surpasses pre-crisis levels

Bequests jump thanks to generous giants including former Buffalo Bills owner Ralph Wilson and the Bill and Melinda Gates Foundation.

By Liz Skinner
Bob Doll is betting consumer spending will fuel the economy through December
NEWS EQUITIES JUN 17, 2015
Bob Doll is betting consumer spending will fuel the economy through December

<i>Breakfast with Benjamin</i>: Thanks to energy savings and signs of wage increases, Nuveen's chief equity strategist banks on consumers stepping up.

By Jeff Benjamin
Clients won't go anywhere if you robo-proof your practice
NEWS FINTECH JUN 17, 2015
Clients won't go anywhere if you robo-proof your practice

Advisers can highlight comprehensive financial planning as the real value they offer, not just picking funds.

By Alessandra Malito
Capital One joins the hybrid robo movement
NEWS FINTECH JUN 17, 2015
Capital One joins the hybrid robo movement

Big bank meshes human advisers with its digital investing platforms.

By Alessandra Malito
NEWS EQUITIES JUN 17, 2015
F-Squared's assets down 33%; settlement fails to stanch outflows

Near $8 billion loss tracks the indexes of a once-top boutique portfolio manager: Morningstar.

By Trevor Hunnicutt
M&A flat as buyers grow disillusioned
NEWS INDUSTRY NEWS JUN 17, 2015
M&A flat as buyers grow disillusioned

Acquisitions among registered investment advisers were flat last year, as buyers grew more selective about culture and philosophy of firms on the block.

By Mason Braswell
NEWS BROKER DEALERS JUN 16, 2015
Struggling broker-dealer Fintegra files for bankruptcy

Most Fintegra brokers move to Securities America after their former firm is ordered to pay $1.5 million arbitration award.

By Mason Braswell
Blackstone and BlackRock are starting to cross over into each other's bread and butter
NEWS EQUITIES JUN 16, 2015
Blackstone and BlackRock are starting to cross over into each other's bread and butter

Steve Schwarzman and Larry Fink, once partners, now vie for Wall Street dominance atop their wildly successful firms.

By Bloomberg
NEWS OPINION JUN 16, 2015
Why investing in local, SEO-driven adviser websites is the new priority

Advisers in local communities gain trust as they grow their client base and, in doing so, also enhance the firm's brand.

By Gary Liu
Think twice about value before investing in the next hot tech startup
NEWS INDUSTRY NEWS JUN 16, 2015
Think twice about value before investing in the next hot tech startup

Shares in even the most disruptive company, like Twitter, aren't worth buying if they're priced too high.

By Aaron Elstein