PE Firm KKR to Pay SEC $30M for Misallocating ‘Broken Deal’ Expenses
“This is the first SEC case to charge a private equity advisor with misallocating broken deal expenses,” said SEC's enforcement chief.
Sustainable Investing: No Longer a Backwater
The great majority of investors want their money to make a positive social impact on the world, while getting good returns, but advisors lag in adoption, to their detriment.
Marc Faber Predicts Last-Minute Greece Agreement
While many are blaming Greece's debt crisis for falling stocks, the editor of the Gloom, Boom & Doom Report takes a decisively different view.
Dynasty Adds $3B Ex-Deutsche Team
The San Francisco-based group comes on board as an RIA serving entrepreneurs in Silicon Valley.
Does Gay Marriage Ruling End a Financial Planning Niche?
The workarounds that advisors in many states created to provide same-sex couples with legal benefits now must be unwound.
DOL Fiduciary Foes Said to Be Writing Best-Interest Standard Bill
The Department of Labor’s plan to revamp the definition of fiduciary under ERISA is likely to face yet another legislative hurdle.
Munis Meet Milken as Hedge Funds Dictate Puerto Rico Terms
Puerto Rico is getting a thorough introduction to Michael Milken’s junk-bond world as it increasingly relies on some of the financial industry’s most aggressive players.
Lincoln Financial Securities Chief Departs
Chris Flint is being temporarily replaced as head of Lincoln Financial Securities by Tom Eusebio and Stafford Moser.
Alternative Assets Will Grow to $15.3 Trillion in Five Years: PwC
AUM will grow fastest in the developing world, the study predicts.
Millennials’ Charity Strongly Influenced by Co-Workers
Millennial employees were 46% likelier to make a donation if a co-worker encouraged them to do so, a study found.