Revenue tied to alternative investments such as nontraded REITs plunged 72% year-over-year.
Plus: Gold prices tilt toward a December rate hike, a new look at the 4% retirement rule, and big league pensions
The key changes, which take effect on Oct. 14, require institutional prime money funds to move from a fixed $1 net asset value to a floating NAV, and adopt potential liquidity fees and redemption gates.
The Republican nominee emerged as the clear victor for some, while taxes and health care provided fodder for lively viewer commentary.
Those who excel should be paid better, allowed to thrive and grow, in an aspirational, transparent way that will be admired by peers, competitors, shareholders and regulators.
Firm purchases Wheelhouse Analytics as tool to glean more insight into client portfolios and benchmark accounts against peers.
Millions of investors unprepared for retirement but no one seems to have an answer.
The group, named Seaport Wealth Management, joins Janney in Connecticut.
Investors exit as the manager sticks to his guns.
World's largest provider of exchange-traded funds is cutting prices across its core ETFs in anticipation of a new U.S. rule.
Providers such as MassMutual and Mercer have recently unveiled new services, part of a trend seeking to capitalize on disruption caused by the DOL fiduciary rule.
No more commissions for 18 BlackRock ETFs.
Plus: Warren Buffett thumps Donald Trump on taxes, Russia drives energy ETF rally, and Ken Bone and his famous red sweater
Unpaid awards is an issue that has been smoldering since at least 2000.
The industry may have held on to many distorted fee structures that might have been better suited for the 1980s.
Asset manager cuts expenses on nine mutual funds, after a string of ETF fee cuts by Charles Schwab and BlackRock. <b><i>(Related read: <a href="//www.investmentnews.com/article/20160628/FREE/160629906/fidelity-takes-on-vanguard-by-cutting-prices-on-index-funds-etfs"" target="”blank"" rel="noopener noreferrer">Fidelity takes on Vanguard by cutting prices</a>)</i></b>
A 24% gain since January and an 8% drop since July
Join the conversation with IN's senior Washington reporter, Mark Schoeff Jr., and your adviser peers on Twitter during the presidential debate at 9 p.m. ET Sunday using <b>#INDebate16</b>. <b><i>(More: <a href="http://www.investmentnews.com/article/20160925/FREE/160929970/hillary-clinton-vs-donald-trump-who-are-you-voting-against" target="_blank">Advisers sound off about who, Hillary Clinton or Donald Trump, they are voting </i>against<i></a>)</b></i>
Focus on the costs inside the life insurance policies of clients and prospects, where they need management and advisory services arguably even more so than in their investment portfolios.
Move could pressure other wirehouses to follow suit and lead to adviser attrition. <b>Plus, <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">Find answers to all of the most frequently asked questions on DOL fiduciary rule</a>.</b>
