Investing

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David Lerner Associates' financial condition deteriorates
ALTERNATIVES JUL 10, 2019
David Lerner Associates' financial condition deteriorates

Firm reported 'negative net worth' of $17 million last year in recent SEC filing.

By Bruce Kelly
Fidelity says it's entitled to alleged 'secret payments' in 401(k) plans
RETIREMENT PLANNING JUL 09, 2019
Fidelity says it's entitled to alleged 'secret payments' in 401(k) plans

Given the thin margins in the retirement business, firm says it was justified in cutting deals with money managers to boost profits.

By Greg Iacurci
World bond index adds climate-risk screen
MUTUAL FUNDS JUL 09, 2019
World bond index adds climate-risk screen

U.S. takes the biggest hit when the index of government bonds is weighted by climate risk factors.

By Jeff Benjamin
Embracing the highs and lows of cannabis investing
ALTERNATIVES JUL 09, 2019
Embracing the highs and lows of cannabis investing

Momentum is on the side of legalization at the federal level

By Jeff Benjamin
Deutsche Bank to slash workforce by one-fifth as part of radical overhaul
EMERGING MARKETS JUL 08, 2019
Deutsche Bank to slash workforce by one-fifth as part of radical overhaul

Historic revamp underscores failure of bank's CEO and predecessors to reverse slide in profitability.

By Bloomberg
Morningstar emphasizes fees, performance in upgrade of fund ratings
MUTUAL FUNDS JUL 08, 2019
Morningstar emphasizes fees, performance in upgrade of fund ratings

Changes to forward-looking analysts' ratings could lead to more downgrades than upgrades

By Jeff Benjamin
Cannabis ETFs face a 'day of reckoning'
ETFS JUL 08, 2019
Cannabis ETFs face a 'day of reckoning'

The funds have returned more than 30% so far this year, but will investor enthusiasm wane?

By Bloomberg
Why healthy clients need to save more for retirement
RETIREMENT PLANNING JUL 08, 2019
Why healthy clients need to save more for retirement

Tax-free health savings accounts, Roth IRAs, insurance and annuities can help cover retirees' future health-care costs.

By Mary Beth Franklin
Zombie ETFs liquidated at a record pace in first half
ETFS JUL 03, 2019
Zombie ETFs liquidated at a record pace in first half

Defunct funds were a casualty of the fee war going in the market for exchange-traded funds.

By Bloomberg
Active managers putting pressure on index funds
MUTUAL FUNDS JUL 01, 2019
Active managers putting pressure on index funds

Nearly half of all large-cap active funds are beating the benchmark this year.

By Jeff Benjamin
Judge rejects Ohio National motion to throw out case involving variable annuity commissions
LIFE INSURANCE AND ANNUITIES JUL 01, 2019
Judge rejects Ohio National motion to throw out case involving variable annuity commissions

LPL broker Lance Browning alleges the insurer acted unlawfully last year when it terminated certain trail commissions.

By Greg Iacurci
MAI acquires insurance-oriented RIA
LIFE INSURANCE AND ANNUITIES JUL 01, 2019
MAI acquires insurance-oriented RIA

Deal for John D. Dovich & Associates in Cincinnati adds $600 million in AUM.

By InvestmentNews
SEC commissioner Jackson seeks data on potential harm of easing rules for private placements
ALTERNATIVES JUL 01, 2019
SEC commissioner Jackson seeks data on potential harm of easing rules for private placements

Proponents, however, say products provide portfolio balance for retirement savers.

By Mark Schoeff Jr.
SEC bars head of terminated RIA, orders $1.3 million in payments
ALTERNATIVES JUL 01, 2019
SEC bars head of terminated RIA, orders $1.3 million in payments

Kristofor Behn and his firm, Fieldstone Financial Management, charged with fraud.

By InvestmentNews
TIAA exit from life insurance market exposes void for RIAs
LIFE INSURANCE AND ANNUITIES JUN 28, 2019
TIAA exit from life insurance market exposes void for RIAs

Fee-only advisers who want to sell clients life insurance without a commission have few options available.

By Greg Iacurci
Confusion around Medicare enrollment
RETIREMENT PLANNING JUN 28, 2019
Confusion around Medicare enrollment

Tools and courses can help advisers guide clients through deadlines and choices

By Mary Beth Franklin
Insurers bend rule on indexed universal life with new policy features
LIFE INSURANCE AND ANNUITIES JUN 27, 2019
Insurers bend rule on indexed universal life with new policy features

Firms are able to inflate projections of cash accumulation in IUL policies via bonuses and multipliers.

By Greg Iacurci
Funds confront liquidity worries
ALTERNATIVES JUN 27, 2019
Funds confront liquidity worries

Some $30 trillion is tied up in difficult-to-trade investments, the Bank of England's Mark Carney noted earlier this year.

By Bloomberg
FIXED INCOME JUN 27, 2019
SEC charges financier for stealing $43 million in client funds

Jason Sugarman is alleged to have directed a fraudulent scheme involving Native American tribal bonds.

By InvestmentNews
American Century taps DFA vets for new factor-based business
ALTERNATIVES JUN 26, 2019
American Century taps DFA vets for new factor-based business

Avantis Investors has an independent look, but has plenty of support from American Century

By Jeff Benjamin