PayPal, Amazon Could Give Banks and Credit Unions a Run for Their Money
Banks and credit unions could be under pressure to innovate as younger clients are more open to alternative financial services providers, a survey found.
Herbers: Why Advisors’ Profits Are Falling
Despite rising revenue, profitability is falling because advisory firms are “spending money where they shouldn’t,” says Angie Herbers.
Advisors’ 4 Biggest Concerns: Eaton Vance
Nearly three-quarters of advisors report at least some concern about a near-term increase in interest rates, according to an Eaton Vance survey.
Recruiting Roundup: UBS Nabs 4 Ex-Merrill Reps in Florida
Meanwhile, Raymond James adds a husband-and-wife team in Dallas to its employee channel.
MLP Distributions Not Tied to Oil Prices: Experts
In the past 12 months, midstream MLPs have boosted distributions 7.5%, despite the rapidly falling price of crude.
BlackRock Snaps Up FutureAdvisor: Could Wealthfront or Betterment Be Next?
As the fifth-largest robo-advisor is bought, “all eyes are now on Wealthfront and Betterment” as the next acquisition target, advisor techie Bill Winterberg says.
Government Shutdown Fight May Hinge on Planned Parenthood
Looming fiscal deadlines will spark “intense drama and brinkmanship,” says PIMCO's Cantrill.
Workers More Serious About Their 401(k)s Than Hitting the Gym: Schwab
Ninety percent of plan participants in a Schwab survey said they would think twice before taking a job without a 401(k) plan.
The One-Man, $1.2 Billion ETF Shop
Andrew Chanin's PureFunds ISE Cyber Security ETF has had one of the fastest ascents in history.
Pension Buyouts Up 700% in Q2
With help from Kimberly-Clark, buyouts reached a second-quarter record of nearly $4 billion, LIMRA reported.