Despite record revenue at UBS Wealth Management Americas, profits fell in the second quarter as the firm reported that it had to set aside $44M for litigation costs, mostly related to the firm's investments in Puerto Rico.
Combined balance sheets of U.S., Japan and euro area likely to swell another 20%.
Muni bond funds face ongoing Puerto Rican woes as Franklin Templeton and OppenheimerFunds challenge legality of Puerto Rican debt law
The bond market, unparalleled in predicting shifts in the U.S. economy over the decades, has a message: Interest rates aren't going to rise as high as even the Federal Reserve's own forecast.
Proactive service during turbulent markets can help strengthen existing client relationships – and help forge new ones.
Abigail Johnson, successor at the privately owned, family-run company, wants to understand the businesses of her clients, including advisers.
The pros and cons of the Total Return Fund and Total Return ETF in the wake of Bill Gross' departure
Talking clients through the complexities of alternative investments requires simplicity and a focus on function.
One problem: Indexes used by most investors have big concentrations in countries that are not emerging anymore.
Catch up on this week's must-read stories for advisers, including the latest post-Gross Pimco developments, a robo-adviser launched by two financial media titans, and more.
Fallout from ARCP accounting debacle continues as two more broker-dealers, including the largest in the U.S., have suspended the sale of REITs sponsored by companies controlled by Nicholas Schorsch.
Latest blow to REIT czar after $23 million accounting scandal at ARCP uncovered.
Broker-dealer moves after National Planning Holdings <a href="//www.investmentnews.com/article/20141030/FREE/141039985/national-planning-holdings-puts-kibosh-on-arc-nontraded-reit-sales"" target=""_blank"" rel="noopener noreferrer">puts kibosh on ARC nontraded REIT sales</a> in wake of $23 million <a href="//www.investmentnews.com/article/20141029/FREE/141029902/schorschs-empire-jolted-by-23m-accounting-mishap"" target=""_blank"" rel="noopener noreferrer">accounting mishap</a> at Nick Schorsch's ARCP.
Some strategists suggest taking profits but being ready to get back into the market for year-end rally.
Monday's <i>Breakfast with Benjamin</i> menu: How will the market handle 3Q earnings? Plus: Bracing for an oil-price war, trouble beneath the surface of lower gas prices, a rare hawkish nod from the Fed, and advisers get high marks from clients.
Friday's <i>Breakfast with Benjamin</i> menu: The market's jolt puts liquid alt strategies in the spotlight. Plus: Minding the next threshold for stocks, reminding clients to buy on the dip, Fed missed the mark on inflation, and don't forget to worry about China.
Periodic market setbacks are inevitable, but the long-term case for equities remains sound
In the wake of spinning off its hotel portfolio, nontraded REIT cuts estimated share value by 42.4%; new estimated value is $4 per share.
Fund managers looking for signs of stability at both Pimco and Janus following dramatic move.
Here's a hint: They're short-term bond funds that can provide safe places to park money, and provide a little yield and return in place of holding cash
