Active ETFs: Where Do They Stand?
The active space has seen substantial growth, particularly in the alternative investing sector.
RBC to Buy City National, Boost U.S. Wealth Operations
The U.S. operations of the Canadian bank currently include about 2,000 reps and $280 billion in assets.
Saving for Retirement ‘Not Main Priority’ for Working Americans: HSBC
Debt repayments are preventing working-age people from adequately preparing for a comfortable retirement, the bank says.
Raymond James Grabs $1M Rep From Morgan Stanley in Miami
Meanwhile, Lebenthal Wealth adds a manager and a branch in Michigan.
White House Memo Offers a Peek at DOL Fiduciary Strategy
Two top Obama economic advisors write in an internal memo that DOL should tighten broker rules; they share some details from the long-awaited fiduciary redraft.
Charities Get a Carve-Out in Obama’s SOTU Tax Proposals
Obama's plan to close the "trust fund loophole" for capital gains taxes on inherited assets has a loophole of its own.
More Focused, Less Frequent Marketing Gets Advisors’ Attention
Product providers’ efforts to reach financial advisors may be for naught if they don’t ease up on how often they’re communicating with them.
Time for Broker Crackdown as Abuses Cost Retirement Savers Billions: Obama Aide
A leaked White House memo estimates the cost to 401(k) savers of broker practices like excessive trading and calls for tighter rules.
Enforcement Roundup: Wells Fargo, JPMorgan Slammed Over Mortgage Kickbacks
Meanwhile, the SEC charged a Fort Lauderdale-based advisory fund manager and his firm with running a Ponzi scheme to buy jewelry, cars and a house.
12 Key Insights for Financial Advisors and Clients
Marketing and communication between clients and advisors depends largely on use of marketing tools that vary by age and affluence, EY finds.