Industry News

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The Fed's first interest rate hike hits another speed bump
NEWS EQUITIES FEB 24, 2015
The Fed's first interest rate hike hits another speed bump

<i>Breakfast with Benjamin</i>: The Fed continues to hem and haw on raising interest rates. Plus: Options-based funds get it done, hedge funder spills the beans on 2015, and the outlook for oil prices is all over the map.

By Jeff Benjamin
Jeffrey Gundlach not a fan of automakers long term
NEWS EQUITIES FEB 24, 2015
Jeffrey Gundlach not a fan of automakers long term

Top-rated fund manager, with better record in bonds than stocks, fond of bold pronouncements.

By Bloomberg
Fidelity's acquisition of eMoney Advisor could be a watershed moment for the advice industry
NEWS RIAS FEB 24, 2015
Fidelity's acquisition of eMoney Advisor could be a watershed moment for the advice industry

Independent advisers might look at this deal as a 'canary in the coal mine moment'.

By Joe Duran
James Gorman's profitability goal leans on Morgan Stanley's wealth management unit
NEWS WIREHOUSES FEB 24, 2015
James Gorman's profitability goal leans on Morgan Stanley's wealth management unit

Morgan Stanley can hit 10% return on equity driven in part by better margins in the wealth management group, CEO James Gorman said.

By Mason Braswell
NEWS FINTECH FEB 24, 2015
Vanguard quintuples assets in robo-adviser, leapfrogging competitors

Still in pilot, online program rolls past VC-backed startups

By Trevor Hunnicutt
NEWS RIAS FEB 24, 2015
RIA alliances help independent advisers prosper

Independent adviser alliances have grown up along with the industry, allowing members to share knowledge and feel connected.

By Liz Skinner
NEWS INDUSTRY NEWS FEB 23, 2015
John Sykes sells brokerage business to Ameriprise

Deal with Ameriprise could mark the end of the line for John Sykes, who, at one time, hoped to build a brokerage to rival Raymond James.

By Bruce Kelly
NEWS BROKER DEALERS FEB 23, 2015
Royal Alliance acquires small independent B-D

Formerly known as First Midwest Securities, the IBD has 33 advisers and $600 million under management.

By Bruce Kelly
NEWS EQUITIES FEB 23, 2015
The new world for oil is a manageable $65 a barrel

<b>Breakfast with Benjamin:</b> Where the price of oil is likely to settle. Plus: On the responsibility of retirement plan sponsors and mutual fund directors; don't get blown away by the new jobs report and banks pass stress tests with flying colors.

By Jeff Benjamin
NEWS RETIREMENT PLANNING FEB 23, 2015
BlackRock's iShares avoids trip to the Supreme Court

Largest ETF firm wins victory in case questioning its lucrative securities-lending business.

By Trevor Hunnicutt
Labor Department rankles advisers with quick video on fiduciary
NEWS FINTECH FEB 23, 2015
Labor Department rankles advisers with quick video on fiduciary

Some agree with concept but argue that short treatment lumps everyone together and lacks nuance.

By Alessandra Malito
Is OPEC about to flinch and cut oil production?
NEWS RIAS FEB 23, 2015
Is OPEC about to flinch and cut oil production?

<i>Breakfast with Benjamin</i>: OPEC might be rethinking their strategy of flooding the market with oil to crush the fracking industry.

By Jeff Benjamin
NEWS BROKER DEALERS FEB 23, 2015
Raft of new annuity products has broker-dealers scrambling to train reps

As new annuities gain in popularity, broker-dealers are getting reps up to speed on using them as part of a comprehensive retirement income plan.

By Darla Mercado
Stifel deal for Sterne Agee would beef up IBD ranks
NEWS BROKER DEALERS FEB 23, 2015
Stifel deal for Sterne Agee would beef up IBD ranks

Agreement could be announced within days

By Bruce Kelly
ProShares gives ETF traders aggressive way to play gold miners
NEWS ALTERNATIVES FEB 23, 2015
ProShares gives ETF traders aggressive way to play gold miners

Four new funds not for the faint of heart or buy-and-hold investors.

By Jeff Benjamin
Fidelity records massive profit, despite fund outflows
NEWS RIAS FEB 23, 2015
Fidelity records massive profit, despite fund outflows

Boston mutual fund and brokerage giant increased its earnings by 29% last year despite surging investor redemptions of its mutual funds.

By Trevor Hunnicutt
NEWS RETIREMENT PLANNING FEB 23, 2015
Early onset Alzheimer's: When plans are upended

By Mason Braswell
NEWS RIAS FEB 23, 2015
Larry Roth wants to double Schorsch's B-D network

The new head of the burgeoning independent-broker-dealer network expects to have 20,000 brokers within five years, could make it the largest such firm in the country. <a href=&quot;http://www.investmentnews.com/article/20140516/FREE/140519936&quot;>Plus: Schorsch in $1.5 billion Red Lobster deal</a>

By Bruce Kelly
NEWS OPINION FEB 22, 2015
Robo-adviser frenzy: Apocalypse or rerun?

What tax professionals' experience says about the future for financial advisers

By Roger Ochs
Prudential and MassMutual in $2.5 billion pension risk transfer deal with Kimberly-Clark
NEWS RETIREMENT PLANNING FEB 22, 2015
Prudential and MassMutual in $2.5 billion pension risk transfer deal with Kimberly-Clark

21,000 retirees of the hygiene products maker will now be receiving their pension checks from Prudential

By Darla Mercado