Industry News

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Pershing adds Vestorly's digital marketing and data services to toolbox
NEWS FINTECH JUN 04, 2015
Pershing adds Vestorly's digital marketing and data services to toolbox

Firm's advisers will now be able to curate and customize posts from around the web for clients and prospects.

By Alessandra Malito
The no-growth first quarter doesn't take a rate hike off the table
NEWS EQUITIES JUN 04, 2015
The no-growth first quarter doesn't take a rate hike off the table

Still blaming the weather and the strong dollar for the economy's sluggishness, advisers see Fed Chairwoman Yellen in a pickle.

By Jeff Benjamin
NEWS FINTECH JUN 04, 2015
Why high-performing advisers are aggressively adopting technology

With the industry at a technology tipping point, here's what the leading advisers are doing on the technology front

By Hal M. Bundrick
NEWS EQUITIES JUN 04, 2015
China, and the world's hottest stock exchange, beckons for American investors

Advisers must weigh risks against rewards of investing in the high-flying Chinese stock market.

By Trevor Hunnicutt
NEWS PRACTICE MANAGEMENT JUN 03, 2015
Raymond James' Elwyn downplays acquisitions

Brokerage isn't plotting its own big buys despite moves by competitors, says president of the firm's employee-adviser channel.

By Mason Braswell
Meredith Whitney says she's done managing other people's money
NEWS ALTERNATIVES JUN 03, 2015
Meredith Whitney says she's done managing other people's money

After resolving dispute with big investor, celebrity banking analyst describes stint running her own fund as "highly unfortunate."

By Bloomberg
NEWS RETIREMENT PLANNING JUN 03, 2015
Money Milestones: Downsides of a 529 college savings plan

Is handcuffing parents while they save for the children's college education a good thing?

By By Bill DeShurko
NEWS INDUSTRY NEWS JUN 03, 2015
Broadway show investments bring bright lights, small returns

Investing in musicals and plays can lead to handshakes with A-list celebrities, but don't expect to get your money back.

By Bloomberg
Yellen says expect a rate increase this year
NEWS INDUSTRY NEWS JUN 03, 2015
Yellen says expect a rate increase this year

Federal Reserve chief says indicators are moving in the right direction; rate hikes will be gradual.

By Bloomberg
NEWS EQUITIES JUN 02, 2015
Advisers, pay attention to home-country bias in 401(k) menus

Eliminate over-allocations to the U.S. market by encouraging plan sponsors to add international options to menus and explaining diversification benefits to participants.

By Greg Iacurci
NEWS FINTECH JUN 02, 2015
FTC investigation finds glitch to blame in Morgan Stanley data breach

Morgan Stanley won't face Federal Trade Commission action as a result of a data breach that compromised information of some 350,000 clients.

By Mason Braswell
Advisory firm calls for REIT to cut ties with Schorsch firm
NEWS RIAS JUN 02, 2015
Advisory firm calls for REIT to cut ties with Schorsch firm

Says New York REIT has too much executive and board overlap with AR Capital.

By Bruce Kelly
What advisers should do after a cyberattack
NEWS FINTECH JUN 02, 2015
What advisers should do after a cyberattack

Hacks are becoming more common, and knowing how to respond quickly is critical.

By Alessandra Malito
NEWS INDUSTRY NEWS JUN 02, 2015
Art collector flipped painting to make 220% in six months

An anonymous seller scored a gain with a Francis Picabia painting last month, beating the Standard and Poor's Index's 3.2% return for the same time period.

By Bloomberg
NEWS RIAS JUN 02, 2015
The top RIAs pose strong competition to large brokerages

The top of <i>InvestmentNews'</i> annual ranking of fee-only RIAs features traditional firms that collectively pose a threat to the largest brokerages.</br><b><i>(Plus: <a href=&quot;http://www.investmentnews.com/section/specialreport/20150531/RIA201505&quot; target=&quot;_blank&quot;>Our full RIA Rundown 2015 special report</a>)</b></i>

By Mason Braswell
RCAP earnings down on weaker sales of nontraded REITs
NEWS ALTERNATIVES JUN 02, 2015
RCAP earnings down on weaker sales of nontraded REITs

Broker-dealer built by Nicholas Schorsch nearly doubled first-quarter loss from a year ago, thanks to weakness in the wholesale distribution of investment products.

By Bruce Kelly
Pimco Total Return loses title of world's largest bond fund
NEWS INDUSTRY NEWS JUN 02, 2015
Pimco Total Return loses title of world's largest bond fund

$5.6 billion in outflows in April put Vanguard Total Bond Market fund on top with $117.3 billion in assets.

By Bloomberg
Supreme Court decision in 401(k) case may have profound effect on fiduciary debate
NEWS RETIREMENT PLANNING JUN 01, 2015
Supreme Court decision in 401(k) case may have profound effect on fiduciary debate

Portions of the recent decision appear to be at odds with the DOL's intentions.

By Brendan P. McGarry and Stefan R. Dandelles
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out
NEWS INDUSTRY NEWS JUN 01, 2015
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out

Most financial advisers tell investors to think of horse racing as an expensive hobby, not a business venture.

By Liz Skinner
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out
NEWS ALTERNATIVES JUN 01, 2015
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out

Most advisers tell clients to think of horse racing as an expensive hobby, not a business venture.

By Liz Skinner