Why Trust Company of America Is on Track to Double Its Assets
Several macro trends within the industry have contributed to the custodian's growth over the past six years.
Envision, US Bancorp Launch Mutual Fund Platform: Portfolio Products
Meanwhile, Hartford Funds and NuShares launch new ETFs.
SEC: Barred Broker Bilked Retirees to Fund E-Cigarette Business
The broker, formerly of the firm depicted in "The Wolf of Wall Street," also used client funds for trips to the tanning salon, SEC says.
SEC Nabs 3 Brokers for Excessive Trading
The SEC also charged an investment advisory firm and its owner with lying about experience and past performance.
Female Firm Owners More Likely Than Men to Be Financial Planners
Close to one-third of women who run advisory firms are financial planners, compared with 21.6% of men, Cerulli finds.
Investors Misinformed on Index Funds, Alternatives: Natixis
Some of the blame for the confusion can be traced to “closet indexers,” Natixis says.
Sweeping Cybersecurity Regulations Unlikely in Congress: Rep. Himes
Both Himes and an FBI agent called for international cybesecurity norms during a conference in New York.
Financial Worries Dampen the ‘American Dream’
According to a survey, 64% of Americans now view financial success simply as not living paycheck to paycheck.
FINRA Hits Morgan Stanley for $13M Over UIT Trades
Hundreds of Morgan Stanley reps executed short-term UIT rollovers in thousands of customer accounts, FINRA found.
Envestnet | PMC Unveils Gender-Focused Impact Strategy: Portfolio Products
In addition, AlphaCore launched a new fund to make statistical arbitrage readily accessible to the public.