Why did Sterne Agee <a href="http://www.investmentnews.com/article/20140527/FREE/140529934">fire CEO James Holbrook Jr.?</a> Many want to know, especially since the firm and its former CEO were recently accused of all manner of professional hanky-panky.
<i>Breakfast with Benjamin: Why there's no excitement for this stock rally. </i>Plus: Fee-only RIAs in the catbird seat but they can't relax; the active ETF world heating up; what QE has wrought; on Phil Mickelson and insider trading; and Apple's big day.
Affiliated Managers Group Inc., the company that owns stakes in more than two dozen money managers, said first-quarter profit rose 11% as the rally in global stocks boosted assets under management.
Low-cost index funds capturing 25% of new assets but drive just 5% of revenue.
New unit will influence product selections for 15,000 advisers managing $1.6 trillion in assets.
<i>Breakfast with Benjamin:</i> Carl Icahn warns that stocks are on risky ground. Plus: Interest rates and volatility are raising red flags, one man's take on the Fed-fueled bubble, the SEC is watching for political-donation conflicts, gold gets no respect, and institutional money is chasing solar energy stocks.
In a recent survey, more 50% of advisers said they are deterred from social media either by regulators or their own firms.
Investment advisers need to be doing a better job of reaching out to “Generation Now” as clients retire and draw down assets
Stephen Davis joins the firm after spending his entire 21-year career at Merrill.
Victims of R. Allen Stanford's $7 billion Ponzi scheme can sue outside companies and law firms alleged to have played a role in the fraud, the Supreme Court has ruled, dealing a setback to the securities industry.
<i>Breakfast with Benjamin:</i> Barclays: Following in the footsteps of Sallie Krawcheck. Plus: The volatility play: Cheap but risky, bond managers brace for higher rates, dancing around the issue of student loan debt, and a potato salad venture whets the tax man's appetite.
The way advisers interact with clients will be radically different in five years. Are you prepared to serve the clients of the future?
Free from big mortgages, they say downsizing has won them economic freedom.
Sampling serves as an excellent snapshot of industry technology trends.
Barry Ritholtz sees a market correction as inevitable, but lays out reasons why investors and advisers shouldn't fear its arrival.
The wirehouse is one of the first to break away from exclusively canned content on Twitter.
Social Security planning has taken a giant step into the workplace, and retirement planning may never be the same. Mary Beth Franklin calls the addition of claiming strategies to retirement income tools a possible game changer.
Nicholas Schorsch's network of independent broker-dealers is closing in on nearly 9,000 reps.
Shift in investor focus to valuations and quality is a natural reaction to rising geopolitical risk.
But there are broader implications of not allowing for down time.
