Broker-dealer built by Nicholas Schorsch nearly doubled first-quarter loss from a year ago, thanks to weakness in the wholesale distribution of investment products.
$5.6 billion in outflows in April put Vanguard Total Bond Market fund on top with $117.3 billion in assets.
Portions of the recent decision appear to be at odds with the DOL's intentions.
Most advisers tell clients to think of horse racing as an expensive hobby, not a business venture.
Most financial advisers tell investors to think of horse racing as an expensive hobby, not a business venture.
Stymied by hedgerows and long driveways, local jurisdictions have found a way to look over the fences.
The relationship could work well for non-fiduciary reps who service retirement plans, but that would change if the Department of Labor's fiduciary rule proposal passes in its current form.
Pensions & Investments survey finds fund giant still tops in managing retirement assets, followed by Fidelity. BlackRock is gaining ground, helped by target date, index funds.
John Thiel's outspoken support of a best-interest standard and the Labor Department's effort puts pressure on peers. <i>(See also: <a href="http://www.investmentnews.com/article/20150414/FREE/150419976/labor-department-proposes-controversial-fiduciary-rule" target="_blank">DOL proposes controversial fiduciary rule</a>)</i>
Finra makes some information more prominent, but system still doesn't go far enough plaintiffs' attorneys say.
$150 million acquisition adds about 730 advisers and independent reps managing more than $20 billion in client assets to the St. Louis firm run by Ron Kruszewski.
Share of wealth held by millionaires rose 16%, driven by strong performance of equities, report finds.
As one of the oldest working professionals in an industry run by men half her age, Irene Bergman, nearing her 100th birthday, offers a rare perspective and some advice: Move slowly.
<i>Breakfast with Benjamin:</i> There is something else fixed income investors need to worry about, if a Fed rate hike weren't enough, and Wall Street is sounding the alarm.
<i>Breakfast with Benjamin:</i> One Fed governor says the economy isn't moving in the right direction to support a rate hike (even though factories in the U.S. are expanding).
<i>Breakfast with Benjamin:</i> June has been a bad month for stocks and this year looks to continue the pattern. So should you buy any dips?
<i>Breakfast with Benjamin</i>: A downward revision of first quarter GDP can be called an aberration, but that won't make it any less bad.
When clients start a financial conversation with decreased confidence and a perceived loss of control, they often resist taking action.
Rise in consumer prices gives the Fed another reason to act this year.
