Industry News

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NEWS INDUSTRY NEWS SEP 21, 2015
The world's second richest-person closes in on top slot

Amancio Ortega has pulled within $10 billion of Bill Gates and is currently wealthier than Warren Buffett.

By Bloomberg
NEWS RETIREMENT PLANNING SEP 21, 2015
Economist sees widening inequality due to tax policy, evasion

Tax evasion by individuals costs governments $200 billion a year, and havens used by U.S. multinational companies cost $130 billion annually.

By Bloomberg
NEWS INDUSTRY NEWS SEP 21, 2015
Rental affordability is poised to get much worse

Millions of households could join the ranks of those spending more than half their income on rent, Harvard study warns.

By Bloomberg
Successful go-anywhere bond funds kept bets in check – but was performance due to skill or luck?
NEWS ALTERNATIVES SEP 21, 2015
Successful go-anywhere bond funds kept bets in check – but was performance due to skill or luck?

New analysis suggests the difference between top and bottom unconstrained funds was Treasury exposure and the effectiveness of the manager's market timing.

By Trevor Hunnicutt
How to help clients cope when markets get scary
NEWS PRACTICE MANAGEMENT SEP 21, 2015
How to help clients cope when markets get scary

Picking a story that best captures what not to do when markets get wild will benefit your clients

By crichards
Morgan Stanley data breach focus shifts to hackers from adviser
NEWS FINTECH SEP 21, 2015
Morgan Stanley data breach focus shifts to hackers from adviser

U.S. authorities examining whether fired adviser Marsh was targeted by hackers after he took data from the wirehouse.

By Bloomberg
NEWS MUTUAL FUNDS SEP 20, 2015
Exit fees in times of market stress: A solution in search of a problem

Allowing mutual funds to flip a switch and turn on exit fees for investors on a moment's notice seems reactionary and short-sighted.

By Andrew Leigh
The latest data on life insurance companies and long-term-care providers
NEWS RETIREMENT PLANNING SEP 20, 2015
The latest data on life insurance companies and long-term-care providers

By InvestmentNews Data
NEWS OPINION SEP 20, 2015
7 risks for retirement income planning

Those entering retirement are crossing the threshold into an entirely foreign way of living, where they are vulnerable to several hazards.

By Wade Pfau
NEWS EQUITIES SEP 18, 2015
More distressing news for the 'Diva of Distressed' Lynn Tilton

<i>Breakfast with Benjamin</i>: Lynn Tilton is now being charged with 'grossly' mismanaging $100 million in investor assets, which she denies.

By Jeff Benjamin
The rise and fall of commodities puts some advanced economies on the ropes
NEWS EQUITIES SEP 18, 2015
The rise and fall of commodities puts some advanced economies on the ropes

<i>Breakfast with Benjamin</i> The atrophy of the manufacturing sector as commodity prices wane is wreaking havoc on a number of advanced economies.

By Jeff Benjamin
Why the upward trend for stocks is no more
NEWS EQUITIES SEP 18, 2015
Why the upward trend for stocks is no more

Plus: Goldman's Cohen says don't chase high-dividend stocks, university endowments become hedge funds, and companies are taking the carbon tax threat seriously

By Jeff Benjamin
A hands-off investment approach is best — even in volatile markets
NEWS OPINION SEP 18, 2015
A hands-off investment approach is best — even in volatile markets

Money is like soap: The more you touch it, the smaller it gets

By Andrew Crowell
Federal Reserve holds rates at zero; some advisers call it a lost opportunity
NEWS EQUITIES SEP 18, 2015
Federal Reserve holds rates at zero; some advisers call it a lost opportunity

Central bank cites cloud of concern over weakness of the global economy, surging U.S. dollar and sleepy economy, but some advisers said the Fed should have lifted rates.

By Jeff Benjamin
NEWS BROKER DEALERS SEP 18, 2015
LPL says competitors could be on hot seat with regulators

As inquiries into the broker-dealer wind down, regulators' focus could turn to others in the industry, CEO Casady says.

By Bruce Kelly
NEWS IRA ALERT SEP 18, 2015
Roth IRAs: Supersaving for college

Popular retirement vehicle has several advantages over a traditional 529 plan in many cases

By Ed Slott
First Goldman Sachs ETFs are cheaper than some from Vanguard
NEWS EQUITIES SEP 17, 2015
First Goldman Sachs ETFs are cheaper than some from Vanguard

New ActiveBeta funds, which try to beat the market, give Goldman a foothold in ETFs.

By Trevor Hunnicutt
The Fed sets the stage for a December tantrum
NEWS EQUITIES SEP 17, 2015
The Fed sets the stage for a December tantrum

<i>Breakfast with Benjamin</i>: Janet Yellen's September delay could lead to a December repeat of the taper tantrum.

By Jeff Benjamin
NEWS INDUSTRY NEWS SEP 17, 2015
Can consumers break the credit habit?

Data from seven of the 10 most recent quarters give cause for concern that the Great Recession's lesson against accumulating massive debts did not take.

By Laura Sanicola
NEWS INDUSTRY NEWS SEP 17, 2015
Many investors already getting ready for Fed rate hike

Half of investors are planning to take out more loans in anticipation that interest rates will rise, according to a new survey.

By Laura Sanicola