Industry News

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NEWS FINTECH JUL 24, 2014
Wealthfront CEO sees his robo-adviser as the next Schwab

Wealthfront CEO Adam Nash sees his robo-adviser as the next Schwab but naysayers counter that even $1 billion in AUM doesn't a winning company make.

By Joyce Hanson
NEWS INDUSTRY NEWS JUL 24, 2014
Legg Mason shares fall most in three months as revenue misses forecast

Legg Mason Inc., the money manager that has struggled with more than five years of net redemptions, fell by the most in three months after revenue missed analysts estimates.

By Matt Ackermann
NEWS RIAS JUL 24, 2014
How to use your hobbies to master client prospecting

Prospecting from your passions can unify and engage what you enjoy with your profession.

By Frank Maselli
NEWS INDUSTRY NEWS JUL 24, 2014
Legg Mason to buy money manager QS Investors in equity push

Legg Mason Inc., the money manager that has struggled with more than five years of net redemptions, said it will buy QS Investors, a global quantitative equity firm.

By Matt Ackermann
NEWS INDUSTRY NEWS JUL 23, 2014
U.S. investors move into foreign stocks

It's a smart investing bet, but it's not happening because investors have become savvy. Retirement plans are becoming more sophisticated, putting investors into more global holdings.

By Bloomberg
NEWS ALTERNATIVES JUL 23, 2014
Multialt fund: A hedge with its own risks

By Jeff Benjamin
NEWS EQUITIES JUL 23, 2014
Barclays pushes back dark pool charges

On Friday's menu: Barclays hits back on dark pool charges. Plus: Seeing the markets through the eyes of regular investors, why young folks should embrace bear markets, discount retailers set to shine, another cheap swipe at mortgage interest deductions, and the SEC hasn't forgotten about those pesky high-speed traders.

By Jeff Benjamin
NEWS RETIREMENT PLANNING JUL 23, 2014
Which asset class looks most like a bubble now?

The definition of an asset bubble is record demand for an asset class at a time when the expected return is at the lowest.

By Scott Colyer
NEWS ALTERNATIVES JUL 23, 2014
Liquidity events heating up REIT market this summer

New deals are being announced, while others are being completed.

By Bruce Kelly
NEWS RETIREMENT PLANNING JUL 23, 2014
Retirees suffer as 401(k) rollover boom enriches brokers

Complaints filed against brokers for inappropriate investments after money moved into IRAs.

By Gregory Crawford
NEWS RETIREMENT PLANNING JUL 23, 2014
Former Fidelity COO Reynolds aims to oust former employer from top

Robert Reynolds, who built the industry's biggest 401(k) business while at Fidelity Investments, is seeking a reprise

By Bloomberg
NEWS BROKER DEALERS JUL 23, 2014
Brokers find it harder to wipe slate clean

Public pressure on Finra's expungement process has arbitrators thinking twice about erasing disclosure events, attorneys on both sides agree.

By Mason Braswell
NEWS INDUSTRY NEWS JUL 23, 2014
Gandolfini heirs will likely end up in court over giant tax bill: Lawyer

The jaw-dropping $30M estate tax bill facing the heirs of late actor James Gandolfini will likely trigger litigation, predicts one estate attorney.

By Liz Skinner
NEWS INDUSTRY NEWS JUL 22, 2014
What you need to know about the end of QE2

As hockey great Wayne Gretzky would say, play your asset allocation where the Federal Reserve is going. That means U.S., European and emerging market equities.

By Scott Colyer
NEWS EQUITIES JUL 22, 2014
Investing lessons from Lebron James

<i>Breakfast with Benjamin:</i> What bond investors can learn from Lebron James. Plus: Gold: It all depends on the Fed; commodities as a geopolitical hedge; investing in women; and golf stocks come up short.

By Jeff Benjamin
NEWS RETIREMENT PLANNING JUL 22, 2014
How to put Millennials on pace for retirement

One mom's advice: If you don't start saving now, your old age is going to look like college, ramen noodles and all.

By Mary Beth Franklin
NEWS RETIREMENT PLANNING JUL 22, 2014
Corporate newcomers like Facebook least generous with 401(k)s

ConocoPhillips, Abbott Labs tops the list while Facebook, Whole Foods are least generous.

By Bloomberg
NEWS EQUITIES JUL 22, 2014
Global consumer confidence soars

Plus: Credit Suisse exits the commodities trading business, Allianz stands by Bill Gross, silver has a golden summer run, three taxes we can all dislike together, and don't let tourist scams rain on your vacation

By Jeff Benjamin
NEWS RETIREMENT PLANNING JUL 22, 2014
Fidelity adds $37.2B in defined contribution assets but pace slows

With addition of nearly 1,100 retirement plans, firm's assets under administration for DC plans reaches $1.4T.

By Darla Mercado
NEWS FINTECH JUL 22, 2014
Morningstar to pay $61 million in trade-secrets settlement

The investment research firm will pay Business Logic for the software company's intellectual property.

By Joyce Hanson