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UBS prepares for impact of massive $5 billion fine
EMERGING MARKETS FEB 22, 2019
UBS prepares for impact of massive $5 billion fine

CEO Sergio Ermotti says bank will prioritize protection of its dividends.

By Bloomberg
Philadelphia sues seven banks over 'collusion' in municipal bond deals
FIXED INCOME FEB 21, 2019
Philadelphia sues seven banks over 'collusion' in municipal bond deals

Banks including JPMorgan and Bank of America conspired to fix prices on floating-rate municipal bonds, according to suit.

By Bloomberg
Focus Financial rides RIA consolidation to 37 percent annual revenue growth
ALTERNATIVES FEB 21, 2019
Focus Financial rides RIA consolidation to 37 percent annual revenue growth

RIA aggregator plans to leverage the public equity markets for continued global expansion

By Jeff Benjamin
The race to zero fees may be reaching its natural limits
MUTUAL FUNDS FEB 21, 2019
The race to zero fees may be reaching its natural limits

It may well be that investors care more about other characteristics than no cost.

By Barry Ritholtz
Insurers create pain points for advisers and clients
RETIREMENT PLANNING FEB 21, 2019
Insurers create pain points for advisers and clients

Increasing costs for customers and trying to get out of contractual guarantees have become commonplace for insurers.

By Greg Iacurci
Mortgage ETF is one of the most popular this year
ETFS FEB 20, 2019
Mortgage ETF is one of the most popular this year

MBS exchange-traded fund is seeing demand from investors looking for safety and a little more yield.

By Bloomberg
Ohio National extends variable annuity buyout offer
LIFE INSURANCE AND ANNUITIES FEB 20, 2019
Ohio National extends variable annuity buyout offer

The VAs are at the heart of an ongoing dispute with brokers and broker-dealers over canceled trail commissions.

By Greg Iacurci
Look for more changes at Cetera Financial Group
ALTERNATIVES FEB 20, 2019
Look for more changes at Cetera Financial Group

CEO Robert Moore's resignation signals further adjustments at the IBD network.

By Bruce Kelly
Fixed annuity sales smash previous record
LIFE INSURANCE AND ANNUITIES FEB 20, 2019
Fixed annuity sales smash previous record

Rising interest rates and a volatile stock market pushed 2018 sales to a record, including all-time-high indexed annuity sales.

By Greg Iacurci
Insurance groups tell NAIC to put 'best interest' back into annuity suitability rule draft
LIFE INSURANCE AND ANNUITIES FEB 19, 2019
Insurance groups tell NAIC to put 'best interest' back into annuity suitability rule draft

Investor advocate calls insurance proposal weaker than existing broker suitability standard

By Mark Schoeff Jr.
Allianz says investors pulled $35 billion in Q4
MUTUAL FUNDS FEB 15, 2019
Allianz says investors pulled $35 billion in Q4

Bulk of the outflow occurred at Allianz unit Pimco.

By Bloomberg
Cetera, other broker-dealers refuse to sign Ohio National contracts
LIFE INSURANCE AND ANNUITIES FEB 15, 2019
Cetera, other broker-dealers refuse to sign Ohio National contracts

Advisers wonder what the lack of a formal brokerage agreement means from a regulatory standpoint.

By Greg Iacurci
Investing legend Jeff Vinik gets a lukewarm reception
MUTUAL FUNDS FEB 15, 2019
Investing legend Jeff Vinik gets a lukewarm reception

His struggle to attract assets shows how low fees and passive investing have brought star managers back down to earth.

By Jeff Benjamin
Warburg Pincus among private equity managers interested in acquiring Kestra Financial
ALTERNATIVES FEB 15, 2019
Warburg Pincus among private equity managers interested in acquiring Kestra Financial

Sources say Kestra is being valued at between $600 million and $800 million, about eight to 10 times EBITDA.

By Bruce Kelly
It's not a stock … it's not a bond
LIFE INSURANCE AND ANNUITIES FEB 15, 2019
It's not a stock … it's not a bond

Fixed indexed annuities are an insured asset class unto themselves.

By Mark Fitzgerald
Life is brutish and short for new ETFs
OPINION FEB 15, 2019
Life is brutish and short for new ETFs

But a memorable stock ticker can give exchange-traded funds a boost.

By Barry Ritholtz
Finra catches Kestra Financial overcharging customers
INDEPENDENT BROKER DEALERS FEB 14, 2019
Finra catches Kestra Financial overcharging customers

IBD agrees to repay customers $1.9 million in addition to a $225,000 fine

By Jeff Benjamin
Financial advisers head to cash as stocks move up
EQUITIES FEB 14, 2019
Financial advisers head to cash as stocks move up

Bigger cash weightings reveal a preference for safety over returns as the bull market ages

By Jeff Benjamin
The only certainty is death, taxes, and muni advantages
OPINION FEB 14, 2019
The only certainty is death, taxes, and muni advantages

Readers are flocking to stories on tax-free munis — but why?

By Brian Chappatta
Convergence of retirement planning and employee benefits is here
RETIREMENT PLANNING FEB 13, 2019
Convergence of retirement planning and employee benefits is here

It's all about convergence, and those who leverage it will reap the rewards

By Fred Barstein