RIA News

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Meredith Whitney says she's done managing other people's money
ALTERNATIVES JUN 03, 2015
Meredith Whitney says she's done managing other people's money

After resolving dispute with big investor, celebrity banking analyst describes stint running her own fund as "highly unfortunate."

By Bloomberg
RIA NEWS JUN 03, 2015
Broadway show investments bring bright lights, small returns

Investing in musicals and plays can lead to handshakes with A-list celebrities, but don't expect to get your money back.

By Bloomberg
RETIREMENT PLANNING JUN 03, 2015
Money Milestones: Downsides of a 529 college savings plan

Is handcuffing parents while they save for the children's college education a good thing?

By By Bill DeShurko
Yellen says expect a rate increase this year
RIA NEWS JUN 03, 2015
Yellen says expect a rate increase this year

Federal Reserve chief says indicators are moving in the right direction; rate hikes will be gradual.

By Bloomberg
EQUITIES JUN 02, 2015
Advisers, pay attention to home-country bias in 401(k) menus

Eliminate over-allocations to the U.S. market by encouraging plan sponsors to add international options to menus and explaining diversification benefits to participants.

By Greg Iacurci
FINTECH JUN 02, 2015
FTC investigation finds glitch to blame in Morgan Stanley data breach

Morgan Stanley won't face Federal Trade Commission action as a result of a data breach that compromised information of some 350,000 clients.

By Mason Braswell
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
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
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
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