Industry News

Displaying 35462 results
Thirst for TIPS funds tempers inflation view
NEWS FIXED INCOME MAY 03, 2016
Thirst for TIPS funds tempers inflation view

Most economists agree that inflation is unusually low, and probably will stay that way for some time to come.

By John Waggoner
NEWS INDUSTRY NEWS MAY 03, 2016
High schoolers to test whether they're smarter than a financial adviser

100 teens to give financial planning a shot this summer in new Schwab, Texas Tech program, which aims to introduce students to the profession earlier.

By Liz Skinner
What is 'reasonable' cost under DOL's fiduciary rule? Well, it depends
NEWS RETIREMENT PLANNING MAY 03, 2016
What is 'reasonable' cost under DOL's fiduciary rule? Well, it depends

Inherent to acting in a client's best interest is ensuring costs are reasonable, an ERISA concept brokers need to understand.

By Greg Iacurci
Variable and fixed-indexed annuities feel sting of DOL fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES MAY 03, 2016
Variable and fixed-indexed annuities feel sting of DOL fiduciary rule

Fixed indexed annuities lost a favorable exemption they enjoyed under the proposed rule, and the impact on variable annuities likely won't be much changed from original forecasts.

By Greg Iacurci
Stratton Oakmont memories resurrected in new stock scam
NEWS INDUSTRY NEWS MAY 02, 2016
Stratton Oakmont memories resurrected in new stock scam

Nine accused of helping push 'worthless' LED company stock

By Bloomberg
Prepare for a debt-fueled Donald Trump presidency, DoubleLine's Gundlach says
NEWS INDUSTRY NEWS MAY 02, 2016
Prepare for a debt-fueled Donald Trump presidency, DoubleLine's Gundlach says

"Trump is extremely comfortable with debt," Mr. Gundlach told attendees at the annual Sohn conference.

By Bloomberg
First rule of Fight Club: Don't talk about Zero Hedge
NEWS EQUITIES MAY 02, 2016
First rule of Fight Club: Don't talk about Zero Hedge

Edgy finance blog goes from anonymity to over sharing in blink of an eye; and the adviser community weighs in on the public food fight.

By Jeff Benjamin
Post-DOL fiduciary rule, Schwab dumps load funds as advisers yawn
NEWS MUTUAL FUNDS MAY 02, 2016
Post-DOL fiduciary rule, Schwab dumps load funds as advisers yawn

The move is another sign that the days of high-cost funds are numbered, and that the Department of Labor's new rule is speeding that decline.

By John Waggoner
NEWS FINTECH MAY 02, 2016
Bright side of the new DOL fiduciary rule: Tech and efficiency

The rule is likely to unleash a wave of software upgrades and business relationships that will result in greater efficiencies for advisory firms.

By MFXFeeder
RCAP files for bankruptcy; Cetera to emerge as independent company
NEWS INDUSTRY NEWS MAY 02, 2016
RCAP files for bankruptcy; Cetera to emerge as independent company

RCS Capital Corp. said it planned to file for bankruptcy by the end of the month. The current chief executive of RCAP, Larry Roth, will remain the CEO of the new Cetera.

By Bruce Kelly
Senate approves resolution to kill DOL fiduciary rule
NEWS REGULATION AND LEGISLATION MAY 01, 2016
Senate approves resolution to kill DOL fiduciary rule

But without enough votes to overturn a threatened presidential veto, assistant secretary of Labor Phyllis Borzi calls the action 'the usual Washington Kabuki theater.'

By Mark Schoeff Jr.
NEWS RIAS MAY 01, 2016
Cease-fire by DOL fiduciary rule opponents may not last long

The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.

By Mark Schoeff Jr.
NEWS MUTUAL FUNDS APR 29, 2016
Apple takes a $4 billion bite out of ETFs as smart-beta shines

In the past two weeks, the tech giant has seen its stock tank 16.3% thanks to disappointing earnings report.

By Bloomberg
NEWS EQUITIES APR 29, 2016
Voting with their feet, investors show fund companies how they feel about high fees

<i>Breakfast with Benjamin</i> The message is being put out loud and clear: investors want lower-cost investment products.

By Jeff Benjamin
NEWS MUTUAL FUNDS APR 29, 2016
Invesco pays $10M DOL settlement for ERISA violation

Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues

By Jeff Benjamin
Schwab shuns load funds in DOL's wake
NEWS MUTUAL FUNDS APR 29, 2016
Schwab shuns load funds in DOL's wake

In the latest sign of the changes to come in the wake of the new DOL fiduciary rule, Charles Schwab is taking mutual funds with sales loads off its shelves.

By Jeff Benjamin
McGraw-Hill to be renamed S&P Global: No more textbooks, just financial data
NEWS INDUSTRY NEWS APR 29, 2016
McGraw-Hill to be renamed S&P Global: No more textbooks, just financial data

Hopes to change name to S&amp;P Global on Wednesday

By John Waggoner
Help women tackle their larger student debt burden
NEWS WOMEN ADVISOR COMMUNITY APR 29, 2016
Help women tackle their larger student debt burden

Advisers should encourage clients to avoid taking on too large a loan in the first place, and implement repayment strategies to quickly pay down debt.

By Liz Skinner
How student debt is clouding future retirement income
NEWS RETIREMENT PLANNING APR 29, 2016
How student debt is clouding future retirement income

Fifty-two percent of Americans are at risk of a shortfall in retirement, based on data that includes an average student debt load of $18,000.

By Bloomberg
NEWS RETIREMENT PLANNING APR 29, 2016
These college majors will help you pay off debt faster

College graduates who studied medicine are in a far better position to pay back their student loans than grads who studied psychology, according to a new study.

By Bloomberg