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UBS' U.S. wealth management unit posts flat Q1 revenue but record managed account assets a bright spot
INDUSTRY NEWS JUN 20, 2016
UBS' U.S. wealth management unit posts flat Q1 revenue but record managed account assets a bright spot

Managed account assets rose 3% to a record $361 billion, CFO Kirt Gardner said on Tuesday's earnings call

By Christine Idzelis
FINTECH JUN 19, 2016
Women-focused robo-adviser SheCapital shuts down

Not enough investors signed up for the niche platform that started about a year ago.

By Alessandra Malito
REGULATION AND LEGISLATION JUN 19, 2016
Investment Adviser Association wants RIA clients designated as accredited investors

Interest group argues the fiduciary advisers it represents provide the type of protections intended by the standard.

By Mark Schoeff Jr.
RETIREMENT PLANNING JUN 19, 2016
Skeptical advisers should reexamine their attitudes toward reverse mortgages

Most of the loans' issues have been solved, or at least ameliorated.

By InvestmentNews
PRACTICE MANAGEMENT JUN 19, 2016
Recognize what makes female clients different

Women's financial concerns and goals vary widely, depending on factors such as age, professional standing and marital status.

By Liz Skinner
Vanguard's Bill McNabb says firm prepared to cut fees further as low returns loom
INDUSTRY NEWS JUN 17, 2016
Vanguard's Bill McNabb says firm prepared to cut fees further as low returns loom

Impact of expenses growing in current climate, CEO says.

By Bloomberg
All eyes on alternative funds at Morningstar Investment Conference
MUTUAL FUNDS JUN 17, 2016
All eyes on alternative funds at Morningstar Investment Conference

Everyone from BlackRock to Vanguard in the alt space

By John Waggoner
Mutual fund investors continue to suffer from buying high, selling low: Morningstar
INDUSTRY NEWS JUN 17, 2016
Mutual fund investors continue to suffer from buying high, selling low: Morningstar

Investors typically lose when trying to time the market. But some experts like <a href="//www.investmentnews.com/article/20160614/FREE/160619961/aqrs-asness-research-affiliates-arnott-agree-that-a-little-market" target="_blank" rel="noopener noreferrer">AQR's Cliff Asness and Rob Arnott of Research Affiliates say a little market timing may not be so bad</a>.

By Jeff Benjamin
John Oliver lambasts U.S. retirement savings system, supports DOL fiduciary rule
RETIREMENT PLANNING JUN 17, 2016
John Oliver lambasts U.S. retirement savings system, supports DOL fiduciary rule

The star of a late-night HBO comedy show had some biting words for non-fiduciary brokers, high 401(k) fees and active fund management.

By Greg Iacurci
Fiduciary duty finally hits mainstream — and Main Street
REGULATION AND LEGISLATION JUN 17, 2016
Fiduciary duty finally hits mainstream — and Main Street

The battle over the DOL rule is now moving into the court of public opinion. <i><b>Plus: <a href="//www.investmentnews.com/article/20160613/FREE/160619978/john-oliver-lambasts-u-s-retirement-savings-system-supports-dol&quot;" target="&quot;_blank&quot;" rel="noopener noreferrer">Advisers react to comedian John Oliver's biting takedown of brokers and America's retirement system</a>.</b></i>

By Mark Schoeff Jr.
Former star LPL broker who was fired seeking $30M in arbitration claim
INDUSTRY NEWS JUN 17, 2016
Former star LPL broker who was fired seeking $30M in arbitration claim

James 'Jeb' Bashaw charges broker-dealer trumped up charges to steal his lucrative practice in Houston.

By Bruce Kelly
EQUITIES JUN 16, 2016
Collective investment trusts rise in popularity as attractive alternatives to mutual funds

Fiduciaries need to be well versed in these low-cost investment vehicles and how to assess them.

By Blaine F. Aikin
EQUITIES JUN 16, 2016
Pimco issues urgent warning about state of commercial real estate market

Plus: Why Wall Street is avoiding pot investments, where to invest $10k today, and become financially better off by not doing this

By Jeff Benjamin
Betterment, Wealthfront among fintech leaders at White House tech summit
FINTECH JUN 16, 2016
Betterment, Wealthfront among fintech leaders at White House tech summit

Policymakers and regulators eye financial technology and how it is expanding accessibility to more consumers.

By Alessandra Malito
RETIREMENT PLANNING JUN 16, 2016
Want to work past retirement age? You're not alone

Senior citizens are already working more now than they did in the 1980s and 1990s. But can we raise the retirement age for good?

By Bloomberg
Investors, especially millennials, have unrealistic expectations about annual returns: study
INDUSTRY NEWS JUN 16, 2016
Investors, especially millennials, have unrealistic expectations about annual returns: study

The average stock market yield globally is only 3.8%, but Americans expect 11% annually.

By Bloomberg
EQUITIES JUN 16, 2016
Wall Street figuring out how to hedge against a Donald Trump presidency

<i>Breakfast with Benjamin</i> Wall Street investors are working on how to position their portfolios for a potential Donald Trump presidency.

By Jeff Benjamin
Pimco plans to cut workforce after drop in assets since Bill Gross' abrupt exit
INDUSTRY NEWS JUN 16, 2016
Pimco plans to cut workforce after drop in assets since Bill Gross' abrupt exit

Firm cutting 68 people as it closes dividend-income funds.

By Bloomberg
DOL must keep dialogue open on fiduciary rule
LIFE INSURANCE AND ANNUITIES JUN 16, 2016
DOL must keep dialogue open on fiduciary rule

Sudden withdrawal of DOL's Timothy Hauser from a panel at the Insured Retirement Institute conference was a blunder.

By Andrew Leigh
Two more industry groups file lawsuits against the DOL fiduciary rule
LIFE INSURANCE AND ANNUITIES JUN 16, 2016
Two more industry groups file lawsuits against the DOL fiduciary rule

Today's complaints against the Labor Department regulation raising retirement advice standards, bringing the total to five, say it will make it harder for Americans to purchase fixed annuities.

By Tanvi Acharya