Robo-Advisors a Potential Threat but Coexistence Is Possible: Survey
Advisors are "not sure if robo-advisors are their enemy, friend or frenemy," says Todd Clarke, CEO of CLS Investments.
Ameriprise Earnings Disappoint but Assets Under Management Grow
Advisor fees and commissions at Ameriprise rose 11% to $505,000 per capita.
IRS Ripped at Hearing Over Service Cuts to Taxpayers
The IRS commissioner countered that budget cuts had constrained the agency's capacity to help taxpayers during filing season.
Bad Behavior Cost Mutual Fund Investors 8 Percentage Points in 2014: Dalbar
Dalbar’s latest investor behavior study shows, for the 21st time, that investors are their own worst enemies and that advisors can be their best friends.
Taxpayer Advocate Urges IRS to Ease FATCA Rules for Americans Abroad
The IRS' Taxpayer Advocate says some Treasury and IRS reporting requirements should be merged for Americans living overseas with legitimate local bank accounts.
HighTower Adds $500M Ex-Oppenheimer Advisor
Providence, Rhode Island-based Carol Nulman says women continue to be underserved by the financial industry.
A Counterintuitive Way to Keep Clients Happier
Risk-profiling firm Riskalyze argues that, paradoxically, advisors win by initiating relationships based on risk rather than return.
IRS Has New Favorite People to Audit
If you’re scared of an audit by the IRS, there’s less to fear these days — except for one group of taxpayers.
Hedge Fund Firm GMO Says Stop Hedging Your (Foreign) Bets
The Boston-based hedge fund firm argues that, paradoxically, hedging foreign equity actually increases risk.
4 Ways Wealthy People Can Still Hide Money
Gone is the heyday of Swiss bank accounts. Here are four ways to get secrecy, or lower taxes, though rarely both at the same time.