Vanguard Sees Flood of Advisor Assets, Now at $1.3 Trillion
Money from brokers and independent advisors now account for about one-third of Vanguard’s total assets and about 50% of this year’s inflows.
El-Erian Holds 30% in Cash as Central Banks Distort Markets
The former co-CEO of Pimco sees "enormous risk" in financial markets due to distortions caused by central bank policies.
Bernanke: Americans Better Off Today Than 10 or 20 Years Ago
However, the former Fed chairman and Brookings analyst Peter Olson note that the pace of economic growth has slowed.
Financial Services Explained, Pt. 1: The Cost of Everything
In the first of a series, we look at how advisors young and old can benefit from understanding how the industry works for your clients.
Oil Rises to 15-Month High on U.S. Supply Drop, OPEC Optimism
The increase followed a 5.25 million barrel drop in U.S. crude inventories just weeks before OPEC ministers will meet to discuss supply cuts.
‘Huge’ Wealth Transfer in Sight: UBS, PwC Report
In the U.S. alone, about $1.1 trillion will transfer to the next generation over a period of 20 years, the report estimates.
Investors’ Cash Level Highest Since Brexit, 9/11: BofA Merrill Survey
What’s making investors so risk averse? Investors are bearish, with fears of an EU breakup, a bond crash and election results, says BofA’s Michael Hartnett.
Tiny Social Security COLA to Pinch Seniors as Medicare Costs Surge
Payments could rise just $5 a month in ’17 versus the $150 seniors have lost with low inflation, says one group.
BofA Wealth Profits Jump 10%: Q3 Earnings
The unit is set to have a new leader in 2017, when it will no longer offer commission-based retirement accounts.
Fed’s Fischer Makes Case for Fiscal Policy to Boost Growth
The vice chair of the Fed said a combination of private investment, infrastructure spending and effective regulation are likely to promote growth.