Industry News

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Federal Reserve must change course to stop economy's downward trajectory
NEWS INDUSTRY NEWS MAR 13, 2016
Federal Reserve must change course to stop economy's downward trajectory

The only way to prevent a currency war is for market participants to regain confidence in the global central banking system.

By Brett F. Ewing and S. Lance Mitchell
NEWS RIAS MAR 13, 2016
What advisers can expect from an SEC exam

An exam can be demanding and time-consuming, but it will go smoother if you prepare for it in advance. </br><b><i>(Plus: <a href="//www.investmentnews.com/gallery/20160311/FREE/311009999/PH/sec-exam-cheat-sheet" target="_blank" rel="noopener noreferrer">10 tips to survive an SEC exam</a>)</b></i>

By Liz Skinner
Regulators grapple with how a robo-adviser can be a fiduciary
NEWS REGULATION AND LEGISLATION MAR 13, 2016
Regulators grapple with how a robo-adviser can be a fiduciary

Commissioner Kara Stein concedes agency is unsure how it will apply a best-interest standard to digital advice platforms.

By Mark Schoeff Jr.
Betterment funding jumps $100 million, boosting valuation to $700 million
NEWS FINTECH MAR 11, 2016
Betterment funding jumps $100 million, boosting valuation to $700 million

The robo-adviser saw a 55% increase of total rounds since 2010.

By Alessandra Malito
Exclusive: Robo-adviser Marstone has partnered with IBM Watson to deliver cognitive computing-powered advice
NEWS FINTECH MAR 11, 2016
Exclusive: Robo-adviser Marstone has partnered with IBM Watson to deliver cognitive computing-powered advice

The service will help advisers create and manage investments for clients.

By Alessandra Malito
NEWS MUTUAL FUNDS MAR 11, 2016
Fund managers see economic slowdown, looming recession

<i>Breakfast with Benjamin</i> A majority of fund managers say global economic growth is almost out of steam and a recession isn't that far off.

By Jeff Benjamin
Finra issues report on digital investment advice for financial firms and investors
NEWS FINTECH MAR 11, 2016
Finra issues report on digital investment advice for financial firms and investors

Financial services firms that want to offer better digital investment advice must focus on training and education to better serve clients, according to the Financial Industry Regulatory Authority.

By Alessandra Malito
NEWS EQUITIES MAR 11, 2016
Will anybody ever be prosecuted for the 2008 financial crisis?

<i>Breakfast with Benjamin</i> So far, nobody has been prosecuted for contributing to the 2008 financial crisis. &#8220;This gags me,&#8221; said Elizabeth Warren.

By Jeff Benjamin
Pimco defends treating dividends, capital gains as new inflows
NEWS MUTUAL FUNDS MAR 11, 2016
Pimco defends treating dividends, capital gains as new inflows

Many fund companies, such as Fidelity and Vanguard, back out dividends and capital gains from their net flows calculations. So does Morningstar.

By John Waggoner
More than 20% of mutual funds shuttered over last five years
NEWS EQUITIES MAR 11, 2016
More than 20% of mutual funds shuttered over last five years

Competition from index funds could hold the death rate steady going forward.

By John Waggoner
NEWS INDUSTRY NEWS MAR 11, 2016
The market wild card called Trump

<i>Breakfast with Benjamin</i> Republican hopeful Donald Trump is seen by some on Wall Street as an agent of volitility, more so than Democratic frontrunner Hillary Clinton.

By Jeff Benjamin
NEWS RIAS MAR 11, 2016
Study: Some 20% of Oppenheimer financial advisers cited for misconduct

A new working paper by business school professors at the University of Chicago and University of Minnesota also found that industry-wide 7% of financial advisers have been disciplined for misconduct.

By Bloomberg
Top 5 robo-advisers by AUM
NEWS RIAS MAR 11, 2016
Top 5 robo-advisers by AUM

It is no secret that financial giants like Charles Schwab and Vanguard Group have disrupted the robo-adviser industry. Just look at their assets under management.

By Alessandra Malito
Will inflation rise from the dead?
NEWS INDUSTRY NEWS MAR 11, 2016
Will inflation rise from the dead?

The bellwether 10-year Treasury note currently yields 1.75% &amp;mdash; a level that reflects more worry about falling prices than rising ones.

By John Waggoner
How advisers can protect their businesses from the onslaught of cheaper competitors
NEWS FINTECH MAR 11, 2016
How advisers can protect their businesses from the onslaught of cheaper competitors

Time for advisers to double down on their 'you' advantage to fend off the rise of low-cost, tech-driven competition.

By Steve Sanduski
Kocherlakota: If you're over 65, you should love the Fed
NEWS REGULATION AND LEGISLATION MAR 10, 2016
Kocherlakota: If you're over 65, you should love the Fed

If low interest rates have posed a challenge for seniors, why then have they done relatively well in terms of consumption and income?

By Bloomberg
NEWS EQUITIES MAR 10, 2016
Oil-related companies prove stock market winners

<i>Breakfast with Benjamin</i> Oil-related companies with little debt are outperforming the S&amp;P 500, with one company's return jumping by 29%.

By Jeff Benjamin
NEWS EQUITIES MAR 10, 2016
Donald Trump's health care plan starts with repealing Obamacare

<i>Breakfast with Benjamin</i> Donald Trump's health care plans includes repealing Obamacare, along with six other points. It promises to be yuuge.

By Jeff Benjamin
NEWS RIAS MAR 10, 2016
Confirmation quagmire mustn't deter SEC

Despite it being unlikely that two SEC nominees get confirmed anytime soon, the regulator must not hesitate in getting on with its important mission.

By MFXFeeder
NEWS RIAS MAR 10, 2016
Serving famous athletes and entertainers poses unique challenges for advisers

Advisers like David Adams, who works predominantly with musicians and entertainers, must march to a different drummer to succeed with celebrity clients.</br> <b><i>(More: <a href="//www.investmentnews.com/gallery/20160214/FREE/214009999/PH/9-tips-for-advisers-looking-to-work-with-celebrity-clients&quot;" target="&quot;_" rel="noopener">9 tips for working with celebrity clients</a>)</b></i>

By Greg Iacurci