Schorsch Unit Draws State Regulator’s Scrutiny
Massachusetts’ William Galvin begins investigation of Realty Capital Securities’ nontraded REIT sales.
Schorsch’s Own Cetera Halts Cole REIT Sales
ARCP accounting scandal "has tarnished the entire Schorsch brand," consultant Mark Elzweig says, and Cetera parent RCAP is trying to limit the damage.
LPL, Advisor Group Stop Sales of American Realty Capital REITs
LPL, the biggest independent broker-dealer, has suspended sales of products tied to the Schorsch real estate empire.
Low Oil Prices Unlikely to Hurt Some Energy Investments
U.S. energy renaissance lets investors reap tax breaks while avoiding commodity market swings like those engendered by Saudi Arabia oil price cut.
Top Portfolio Products: TIAA-CREF, Rose Launch Fund
Also, MacKay Shields will act as an advisor to two SEI Trust-sponsored collective investment trusts.
Schorsch’s ARCP Plunges After Execs Replaced Over Accounting Errors
American Realty’s stock falls more than 30%; the mistakes may have been intentionally not corrected
Top 10 Commercial Real Estate Trends
One big trend: coastal cities are taking a back seat to other real estate markets.
Former PIMCO Parent Pacific Life Moves Accounts to Janus
Pacific Life is moving some money to Bill Gross’ new firm, Janus, which said the decision pre-dated Gross’ exit.
5 Real Estate Mistakes Retirees Make
Most people heading into retirement inevitably make some sort of real estate decision. Be sure your retiring clients don't make these mistakes in the process.
10 States With Most Advisors Headquartered
Most investment advisory firms’ main offices are concentrated in relatively few states, with distribution likely driven by access to financial markets, population and net worth.