WBI Investments Launches 10 ETFs, Attracts $1 Billion-Plus in Assets
WBI’s Don Schreiber says actively managed ETFs are the “next frontier” for ETF growth.
NextCapital Launches 'Digital Advisor' for 401(k)s
NextCapital Group has launched a digital platform that will help advisors bring managed accounts to 401(k) participants.
Annuity Sales Hit 3-Year High: IRI
Citing Beacon Research and Morningstar, IRI said both fixed and variable annuities had the highest sales in three years.
Roll-Up Firms Biggest RIA Buyers in First Half of 2014
The pace of advisor M&A deals remained fairly steady, according to research by Schwab Advisor Services.
Student Debt Bubble Worries Are Overblown: PIMCO
Pent-up demand for housing, along with the higher wages of college grads, will boost the economy in the long term, PIMCO analysts say.
Lawyer Charged With Bilking Client, 90, to Fund Cat Litter Box Invention
California attorney Delbert Modlin is charged with persuading a 90-year-old man to liquidate his assets and invest the $120,000 proceeds into an improved litter box.
BestBequest: Because You Can't Take Your Passwords With You
BestBequest is a way to make client data accessible to a trusted person in case of emergency.
Micro-Investing App Lets Users Invest Spare Change
The app, Acorns, has no minimum account balance and uses ETF portfolios designed with the help of Nobel laureate Harry Markowitz.
With Oil Prices Down and Demand Slowing, Are Energy Stocks a Good Play?
BlackRock's Russ Koesterich makes the case that energy company stocks remain attractive and deserve a place in the portfolio.
Ultra-Wealthy Clients Choosing Boutiques Over Big Firms: Study
Milton Pedraza, CEO of Luxury Institute, says successful wealth managers are relationship builders first, money managers second.