OppenheimerFunds, Franklin Templeton maintain big exposure to the troubled island's debt.
Warren Buffett, the world's third-richest person, shed $11.3 billion as Berkshire Hathaway Inc. had its first negative annual return since 2011.
First Eagle Overseas Fund's large cash holdings gives it a 'leg up' when markets turn choppy.
Advisers tried to prepare investors for Friday's wild ride as global markets digested the United Kingdom's surprising vote to exit the European Union after 43 years.
<i>Breakfast with Benjamin</i> Liquid alternative strategies are growing up, and that means some growing pains.
<i>Breakfast with Benjamin</i> What does it say about the U.S. stock market when it reacts so violently to the Brexit vote, and then just puffs right back up again?
The Boston fund giant is lowering expense ratios on 27 index funds and ETFs.
Supporters of 529 plans want tweaks to law that caps fund changes at two per year, which could spur adviser interest in managing them.
The larger trend toward passive investing, as well as cost-consciousness on the part of plan sponsors and general industry push to lower expense ratios, are at play.
The wealth manager overbilled for investments in REITs and BDCs
But they're remarkably short on what to buy.
First off, advisers should tell them that adding international stocks can dampen a portfolio's volatility, and increase the number of potential winners.
The fund giant wouldn't say if regulatory pressure compelled it to impose the practice.
<i>Breakfast with Benjamin</i> Something amiss when safe-haven investments move into bubble territory. The utilities sector is up 21% so far this year.
<i>Breakfast with Benjamin</i> Jeffrey Gundlach is embracing the safe haven of gold: "Things are shaky and feeling dangerous."
Junk-bond fund posted $291 million of inflows during rout.
The fallout from Britain's shocking vote could last at least two years. Meanwhile, advisers told their clients to <a href="http://www.investmentnews.com/article/20160624/FREE/160629940/financial-advisers-reach-out-to-clients-as-stocks-plunge-in-brexit">keep calm and carry on</a> as stock markets tumbled, creating a buying opportunity.
Weighing the pros and cons of the new registered fund
<i>Breakfast with Benjamin</i> The commission is specifically looking at why some clients are in advisory accounts versus brokerage accounts.
Advisers and other professionals took to Twitter Friday to share their reactions and advice.
