Betterment Played Favorites With Clients After Brexit Vote: Massachusetts Regulator
The regulator is unhappy with the unequal treatment of Betterment’s retail and institutional clients during the firm’s trading halt following Brexit.
U.K. Official: No Brexit Negotiations This Year; U.S. Groups Want Transition Period
A British official overseeing trade policy told a SIFMA symposium that the U.K. will “definitely not” begin the process of exiting the EU before year end.
Ignore These 7 Climate Change Factors at Your Portfolio’s Peril: BlackRock
Financial advisors should add climate change to the list of factors they consider when thinking about portfolio risks, said BlackRock’s Richard Turnhill.
Elizabeth Warren Has Five More Bad Ideas
Some of Warren's ideas could have consequences counter to what she says her goals are: helping workers, raising incomes and ensuring the system is fair.
Pension Spending Shows Big Impact on Economy: NIRS Report
In 2014, retiree spending of pension benefits generated $1.2 trillion in total economic output, supporting 7.1 million jobs, according to the report.
Betterment Renames, Restructures Its Advisor Platform
Betterment Institutional becomes Betterment for Advisors and will offer ETFs from Vanguard and ETFs from Goldman Sachs.
Has the Bond Market Peaked?
The broad strengthening this year in the bond market “doesn’t normally happen,” and the market will “recalibrate” at some point, Schwab’s Kathy Jones said.
Bill to Replace Dodd-Frank Passes House Panel
Democrats charge that Rep. Jeb Hensarling’s Financial CHOICE Act would hurt investors by dismantling the CFPB.
Global Investors Hike Cash Levels in September: BofA Merrill Lynch
Forty-two percent of global investors said high cash levels were a “bearish view on markets.”
Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA Says
U.S. output in August stood at 12.2 million barrels a day while Saudi Arabian production climbed to 12.58 million barrels a day the same month.