New Hire Roundup: Loring Ward Names Schwab’s Farasat CIO
Meanwhile, Peter Cai has become Global Atlantic Financial Group's chief risk officer.
Greece Still Seeking Concessions After Bailout Extension
Deal or no deal? Despite the fact that Greece won a four-month extension of its bailout, it remains to be seen just how much of a deal that is. And while markets rose on the news, investors aren’t comfortable that they’ll come out of it unscathed.
Expensive U.S. Markets Highlight International Bargains
Twelve Points Wealth Management pursues international diversification as a major—and vital—portion of client portfolios, and doesn’t hesitate to pursue opportunities when they present themselves.
Top Portfolio Products: T. Rowe Adds Bond Funds
Hennion & Walsh roll out a sustainable investing trust, and truIndependence introduces an RIA platform.
SEC, FINRA Enforcement: Fake Hedge Fund Manager Seeks His Perfect Match
The SEC has charged Moazzam Malik with stealing investor money to pay for a matchmaking site membership and Harvard classes, among other expenses.
New Hire Roundup: Securities America Promotes 7
Meanwhile, financial data aggregation firm CircleBlack appointed Bill Bartzak and Michael Castellano to its board of directors.
Spain Could Follow Greece Down Anti-Austerity Trail
As Greece dukes it out with the E.U. over ending the bailout and its attendant austerity measures, Spain is no doubt watching very carefully.
US Facing $4 Trillion Retirement Shortfall, EBRI says
For early baby boomers on the verge of retirement, the savings deficit for married households is $19,304 per individual.
Egypt on the Lookout for Investors
Change is afoot, with ambitious plans not just for political and economic reform but also for a new Suez Canal—and development in the area that, it’s hoped, will transform it into a regional, if not a global, center for logistics.
Top Portfolio Products: New Robo Assistant, Liquid Alts Fund
In addition, Guggenheim rolls out a global infrastructure ETF; 361 Capital long-short equity fund hits milestone.