RIA News

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Advisory firm calls for REIT to cut ties with Schorsch firm
ALTERNATIVES JUN 02, 2015
Advisory firm calls for REIT to cut ties with Schorsch firm

Says New York REIT has too much executive and board overlap with AR Capital.

By Bruce Kelly
What advisers should do after a cyberattack
FINTECH JUN 02, 2015
What advisers should do after a cyberattack

Hacks are becoming more common, and knowing how to respond quickly is critical.

By Alessandra Malito
RIA NEWS JUN 02, 2015
Art collector flipped painting to make 220% in six months

An anonymous seller scored a gain with a Francis Picabia painting last month, beating the Standard and Poor's Index's 3.2% return for the same time period.

By Bloomberg
PRACTICE MANAGEMENT JUN 02, 2015
The top RIAs pose strong competition to large brokerages

The top of <i>InvestmentNews'</i> annual ranking of fee-only RIAs features traditional firms that collectively pose a threat to the largest brokerages.</br><b><i>(Plus: <a href=&quot;http://www.investmentnews.com/section/specialreport/20150531/RIA201505&quot; target=&quot;_blank&quot;>Our full RIA Rundown 2015 special report</a>)</b></i>

By Mason Braswell
RCAP earnings down on weaker sales of nontraded REITs
ALTERNATIVES JUN 02, 2015
RCAP earnings down on weaker sales of nontraded REITs

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.

By Bruce Kelly
Pimco Total Return loses title of world's largest bond fund
RIA NEWS JUN 02, 2015
Pimco Total Return loses title of world's largest bond fund

$5.6 billion in outflows in April put Vanguard Total Bond Market fund on top with $117.3 billion in assets.

By Bloomberg
Supreme Court decision in 401(k) case may have profound effect on fiduciary debate
RETIREMENT PLANNING JUN 01, 2015
Supreme Court decision in 401(k) case may have profound effect on fiduciary debate

Portions of the recent decision appear to be at odds with the DOL's intentions.

By Brendan P. McGarry and Stefan R. Dandelles
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out
ALTERNATIVES JUN 01, 2015
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out

Most advisers tell clients to think of horse racing as an expensive hobby, not a business venture.

By Liz Skinner
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out
RIA NEWS JUN 01, 2015
American Pharoah's Triple Crown chances aside, most racehorses consume more than they pay out

Most financial advisers tell investors to think of horse racing as an expensive hobby, not a business venture.

By Liz Skinner
RETIREMENT PLANNING JUN 01, 2015
Tax assessors scope out property with Cessnas, including in the Hamptons

Stymied by hedgerows and long driveways, local jurisdictions have found a way to look over the fences.

By Bloomberg
Reported Wells Fargo-Financial Engines deal may ease rollover harvest — for now, say experts
RETIREMENT PLANNING JUN 01, 2015
Reported Wells Fargo-Financial Engines deal may ease rollover harvest — for now, say experts

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.

By Darla Mercado
Vanguard widens lead over Fidelity in managing retirement assets
RETIREMENT PLANNING JUN 01, 2015
Vanguard widens lead over Fidelity in managing retirement assets

Pensions &amp; Investments survey finds fund giant still tops in managing retirement assets, followed by Fidelity. BlackRock is gaining ground, helped by target date, index funds.

By Robert Steyer
Merrill seeks to be leader on fiduciary
WIREHOUSES JUN 01, 2015
Merrill seeks to be leader on fiduciary

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=&quot;http://www.investmentnews.com/article/20150414/FREE/150419976/labor-department-proposes-controversial-fiduciary-rule&quot; target=&quot;_blank&quot;>DOL proposes controversial fiduciary rule</a>)</i>

By Mason Braswell
PRACTICE MANAGEMENT JUN 01, 2015
Finra's BrokerCheck gets a facelift

Finra makes some information more prominent, but system still doesn't go far enough plaintiffs' attorneys say.

By Mason Braswell
INDEPENDENT BROKER DEALERS JUN 01, 2015
Stifel to acquire Sterne Agee for $150 million

$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.

By Bruce Kelly
RIA NEWS MAY 31, 2015
Ultrawealthy are fastest-growing client segment

Share of wealth held by millionaires rose 16%, driven by strong performance of equities, report finds.

By Mason Braswell
RIA NEWS MAY 31, 2015
This 99-year-old investment adviser has never lost a client

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.

By Bloomberg
FIXED INCOME MAY 29, 2015
The other thing keeping bond investors awake at night

<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.

By Jeff Benjamin
EQUITIES MAY 29, 2015
Not so fast on the interest rate hike

<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).

By Jeff Benjamin
EQUITIES MAY 29, 2015
June gloom looms for stocks: A buying opportunity?

<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?

By Jeff Benjamin