Clients Clamoring for Help on Rollovers, Annuities: Cerulli
The DC plan-dominated landscape leaves clients needing help generating retirement income and managing the sequence of returns, a report from Cerulli and IMCA says.
SEC: Ex-Broker Sold Clients Fake CDs With 12% Interest
Former advisor Malcolm Segal is accused of a $15.5 million Ponzi scheme involving bank CDs — some real and some nonexistent.
Fearing Rate Hike, Wealthy Opting Out of Market
The Spectrem Millionaire Investor Confidence Index in June plunged to its lowest point in 16 months, Spectrem Group reported Tuesday.
Gross Gets Co-Manager as Janus Acquires Firm of PIMCO Alum
Kumar Palghat, who worked with Gross at PIMCO for 10 years, will help run the Janus Global Unconstrained Bond Fund.
Goldman Sachs Pays Fine for Roiling Options Market in 2013
Goldman agreed to pay a $7 million fine to settle regulatory claims that it sent thousands of mistaken orders.
Puerto Rico Bonds May Be Hiding in Your Clients’ Portfolios
Investors in muni-bond funds or ETFs may have exposure to those bonds, now trading around 64 cents on the dollar, without even knowing it.
Merkel Shuts Down Greek Bid for New Aid Talks Before Referendum
German Chancellor Angela Merkel dismissed a bid for aid by Greece hours before its bailout expires and a payment deadline to the IMF passes.
Greece Grabs U.S. Investors’ Attention at Midyear
Expect a big market correction as global tumult shakes out, says Lance Roberts of STA Wealth Management.
4 Experts Advise Investors on Greek Debt Crisis
Vanguard’s Davis, BlackRock’s Koesterich and others commented on Greece’s debt crisis and what it could mean for investors.
Why Institutional Investors Dominate the Liquid Alt Market
There are a lot of statistics showing investing trends among institutional investors, according to David Katz of Larch Lane Advisors, but tracking retail investors can be more difficult.