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.
Businessman Stole Investor Funds for Packers Tickets, SEC Says: Enforcement
Also, FINRA censures and fines Goldman Sachs, State Street and UBS.
Many Millennials Aren’t Interested in Stock Market: Wells Fargo
One-fifth of the millennial population says they would never invest in the stock market in this Wells Fargo survey.
Clients ‘Obsessed’ With Possibility of a Downturn, Wealth Manager Says
The S&P 500 has climbed higher for over a year without a 5% or higher pullback. And clients are worried.
Your Portfolio May Be Less ‘International’ Than You Think
Home bias is rampant in advisors' portfolios, even when they think they are globally diversified, Janus Henderson says.
Impax Asset Management to Acquire Pax World Management
Combined, the two sustainable investing leaders have $13.4 billion in AUM.
UBS Launches Products Tied to UN Development Goals: Portfolio Products
Four new mission-driven issuers join the ImpactUs Marketplace, while SummerHaven launches a liquid private equity index.
5 Tips to Build a Senior-Friendly Practice
By concentrating on this growing market as boomers start to hit 70, advisors can provide financial planning services for decades.