As health care costs in retirement rise, many advisers and clients still haven't accounted for a major part of those expenses: Medicare.
<i>Breakfast with Benjamin:</i> Gross leaves and the cash follows. Plus: A new robo-adviser enters the market; Schorsch at it again, with a twist; corporations are healthy, healthy, healthy; oil prices are falling; and Elon Musk's next move.
Firm says it can manage outflows successfully.
<i>Breakfast with Benjamin:</i> The end of QE? Not so fast. Plus: Gold gets the cold shoulder, most European banks pass stress tests, and why you shouldn't get too excited about stock buyback plans.
The decision comes on top of record outflows for the Pimco Total Return Fund, as Schwab cites "ongoing organizational changes" as a cause of action.
Companies raised $41.8 billion in three-month period ended Sept. 30.
Just a year after launching the Renaissance IPO ETF, the public-stock-offering research and data-tracking firm is coming out with an international IPO fund.
Today's <i>Breakfast with Benjamin</i> menu covers the U.S. dollar threatening to knock markets off balance, riding an ETF back into commodities, retirement plans turning on the Pimco Total Return Fund, and more.
BlackRock and Legg Mason are among the firms poised to pounce on Pimco's outflows now that the face of the firm has flown the coop.
Some see potential opportunity but prefer to wait for the sizzle to cool.
Median price of existing home sale up more than 5% in September but sales down from a year ago.
Successfully addressing the post-accumulation phase and providing simplicity still difficult for the industry.
SWS Financial Services charged with green-lighting variable annuity applications without proper review for suitability.
Bill Gross is leaving Pimco, the company he co-founded, to manage fixed-income portfolios for Janus Capital Group and build out Janus' fixed-income business.
Once stars like Fidelity's Peter Lynch, Legg Mason's Bill Miller and Pimco's Bill Gross were deified by investors. But many of the most popular products are index funds and ETFs that have no managers at all.
Bill Gross gives Janus much-needed shot in the arm and brings instant credibility to firm that has been all but off the radar.
As new CIO, longtime Pimco manager will have to fill the shoes of an investing legend at a difficult time. <i>Plus:</i> <a href="http://www.investmentnews.com/article/20140926/FREE/140929928/advisers-blindsided-by-gross-departure-as-pimco-faces-rebuilding" target="_blank">Advisers 'blindsided' by Gross departure as Pimco faces rebuilding</a>
In an already rough year, exit of the Bond King could lead to more funds flowing out.
Today's <i>Breakfast with Benjamin</i> sees stock and real estate bubbles on a collision course, gold prices stuck in neutral, Bill Gross cutting Treasury bond exposure, and much more.
