Fed's Dudley: Bad Bank Behavior Might Mean Breaking Up Big Banks
Federal Reserve Bank of New York President William Dudley said the government will have to consider breaking up large financial institutions if Wall Street doesn't stop excessive risk-taking and breaking the law.
Falling Energy Prices: The Good, the Bad and the Ugly
The recent correction in the price of crude oil should have an immediate positive impact on the US consumer as well as on a number of business sectors. However there also may be a significant downside.
Perez: DOL Continues Fiduciary Redraft Outreach
DOL wants to ‘understand with granularity’ stakeholders’ problems and concerns regarding the revised rule, the Labor secretary says.
Arnott: ‘100 Minus Your Age’ Asset Allocation Rule All Wrong!
Research Affiliates argues that industry and academia both deny reality in pushing young workers into stocks, particularly through target-date funds.
Third of Clients Say They Didn’t Get Adequate Financial Planning Services
New research from the Financial Planning Coalition shows a lack of appropriate regulatory standards for those who say they are “financial planners.”
Former AXA Execs Launch Firm to Help Teachers, Nonprofits
The new group, ABMM Financial, aims to attract public-sector clients and their assets to 403(b) plans, which the founders say are underutilized.
Morgan Stanley Recruits 5 Advisors; Merrill Adds Team
The wirehouses each add registered reps from rival firms with more than $500 million in client assets.
Kitces, Brown Launch Recruiting Site for Indie Advisors
Advisors Michael Kitces and Caleb Brown have launched JobsFP, a recruiting website for independent financial planners.
10 States With Most Advisors Headquartered
Most investment advisory firms’ main offices are concentrated in relatively few states, with distribution likely driven by access to financial markets, population and net worth.
Retirees, Active Management and MLPs: The Future of ETFs
ETF professionals from Schwab, Global X Funds, ALPS and Alerian discussed where they expect to see future innovation in the ETF space.