Commissioner Kara Stein concedes agency is unsure how it will apply a best-interest standard to digital advice platforms.
The robo-adviser saw a 55% increase of total rounds since 2010.
The service will help advisers create and manage investments for clients.
<i>Breakfast with Benjamin</i> A majority of fund managers say global economic growth is almost out of steam and a recession isn't that far off.
Financial services firms that want to offer better digital investment advice must focus on training and education to better serve clients, according to the Financial Industry Regulatory Authority.
<i>Breakfast with Benjamin</i> So far, nobody has been prosecuted for contributing to the 2008 financial crisis. “This gags me,” said Elizabeth Warren.
Many fund companies, such as Fidelity and Vanguard, back out dividends and capital gains from their net flows calculations. So does Morningstar.
Competition from index funds could hold the death rate steady going forward.
<i>Breakfast with Benjamin</i> Republican hopeful Donald Trump is seen by some on Wall Street as an agent of volitility, more so than Democratic frontrunner Hillary Clinton.
The Financial Industry Regulatory Authority Inc. barred a Phoenix-based broker for making 12 unsuitable recommendations regarding debt instruments known as debentures.
A new working paper by business school professors at the University of Chicago and University of Minnesota also found that industry-wide 7% of financial advisers have been disciplined for misconduct.
It is no secret that financial giants like Charles Schwab and Vanguard Group have disrupted the robo-adviser industry. Just look at their assets under management.
The bellwether 10-year Treasury note currently yields 1.75% &mdash; a level that reflects more worry about falling prices than rising ones.
Time for advisers to double down on their 'you' advantage to fend off the rise of low-cost, tech-driven competition.
If low interest rates have posed a challenge for seniors, why then have they done relatively well in terms of consumption and income?
<i>Breakfast with Benjamin</i> Oil-related companies with little debt are outperforming the S&P 500, with one company's return jumping by 29%.
Bank and Rhode Island didn't disclose cash shortfall, SEC says
<i>Breakfast with Benjamin</i> Donald Trump's health care plans includes repealing Obamacare, along with six other points. It promises to be yuuge.
Despite it being unlikely that two SEC nominees get confirmed anytime soon, the regulator must not hesitate in getting on with its important mission.
Marc Wyatt, head of the agency's inspections arm, says his division analyzes data from many more to decide which to target.
