Industry Needs to ‘Modernize’ to Accept Smaller Investors: Schwab
Wealth is more than "a specific sum of money" to many Americans, and the industry needs to adapt to accept this, Schwab execs say.
Merrill Lynch Nabs Longtime Morgan Stanley Exec Carl Swanson
Swanson switches wirehouses to lead platform experience at Merrill after more than 24 years with Morgan Stanley Smith Barney.
Socially Responsible Investing Starts With the Bottom Line
As mission-focused investing becomes more popular, advisors need to use a financial screen first when looking at potential investments.
Blackstone Booming Ahead in Nontraded REIT Business
Working with the wirehouses, rather than exiting the market like W. P. Carey, is Blackstone's approach.
Advisors’ Use of Digital Technology Needs Overhaul: Global Wealth Report
Digital initiatives have largely centered on providing customers with basic portfolio functionalities, but more is needed.
Health Care Costs to Swamp Social Security COLAs: HealthView Study
HealthView Services projects that retirees’ health care costs will more than double projected increase in Social Security COLAs.
Gundlach: Even Odds of 3rd Rate Hike; Trump Being ‘Rope-a-Doped’
For some market players, it makes sense to move to cash, the DoubleLine executive says, reiterating the bumps he sees ahead.
NY Attorney General Charges Advisor With Defrauding Elderly Clients
Dean Mustaphalli "squandered and looted $10 million from hardworking individuals" by investing their money in a risky hedge fund, said Attorney General Schneiderman.
Crunch Time Part II: CFP Board’s ‘D-Day’
If the CFP Board doesn’t get planners on the right side of the fiduciary issue right quick, it risks marginalizing the entire profession.
RIAs Add Services Without Raising Fees: Schwab Advisor Study
In an effort to stand out, nearly half of advisors are bowing to this kind of fee pressure, Schwab's Bernie Clark says.