Top Portfolio Products: Morgan Stanley Adds Environmental Toolkit to Platform
New tools to invest with climate change in mind and to support clients emotionally and promote long-term investing.
Chronically Ill Clients May Have Lower Health Care Costs in Retirement
Retirees with certain health conditions may not need to save as much because their life spans are shorter, an Empower Institute study finds.
How Financial Advisors Reacted, or Didn’t, to This Week’s Market Rout
“Any financial plan that changes with market conditions is like Frankenstein’s monster, destroying everything in its path,” one advisor said. But others disagreed.
Why Are Advisors Feeling So Blue? A Psychologist to FAs Explains
Not since 2008 have financial advisors felt so dispirited and turned off, says Dr. Alden Cass, a psychologist who specializes in FAs.
LPL Shares Tank on Downgrade, 45% Profit Drop in Q4
The IBD says it will begin releasing monthly data and sees lower brokerage sales to come.
Energy Crash: Is It Time for Investors to Jump In?
As the commodity adage goes: There’s no cure for low oil prices like low oil prices.
SEC Enforcement: Fake Broker Charged With Selling Phony Stock to Pay Gambling Debt
In another action, the SEC barred an advisor who was sanctioned by the state of New Hampshire over unsuitable recommendations of risky ETFs.
Big Split Between Investors, Advisors on Global Bonds: BNY Mellon
While most advisors recommend global bonds, few investors have them in their portfolios, BNY Mellon reports.
LPL Misses Earnings Estimates as Profits Sink 45%
Revenue for Q4 drops 8% to $1.02 billion for the independent broker-dealer.
FINRA Bars 2 Brokers in Hedge Fund Fraud
Brokers told investors the fund was a "growth" fund with risk controls when in reality it was a "highly speculative investment," FINRA says.