Top Portfolio Products: Global X, Nuveen Add ETFs; Financial Engines Expands Services
Global X introduces three tech ETFs while Nuveen adds bond ETF focused on additional yield.
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.S. Justice Department Investigating Wells Fargo
The probe follows a $185 million fine levied by regulators who charged the bank with opening 2 million accounts without customers' approval.
Cal Ripken, at FPA National, Stresses Work Ethic and Benefits of Beer
The Orioles’ Iron Man shares his business insights, and how he tamed the Yankees’ Goose Gossage, with 1,800 FPA conference attendees.
Cetera to Sell Legend Group to Lincoln Investment
The deal affects about 350 advisors, $6 billion in assets and clients who are retired from teaching and other non-profit jobs.
How Financial Advisors Are Like Pablo Picasso
Ron Rhoades recounts a Pablo Picasso story to show the value of financial advice.
RIA M&A Activity on Track to Hit a New Record: Schwab
Building off a record 2015, RIA M&A activity is off to an even stronger start in the first half of 2016.
Wells Fargo Fined $185M for Opening Secret Unauthorized Accounts
The CFPB also ordered Wells Fargo to refund fees and charges that were paid because of these unauthorized accounts.
Betterment Study Urges Strong Oversight of Advisors Working With 401(k) Plans
The study, conducted by Forrester Consulting, recommends that employers demand more information on 401(k) fees and investment decisions from advisors.
Cetera Recruiting Exec, Jay Vinson, Has Departed Firm
Jay Vinson is no longer with Cetera Advisors, which means he is free to move to rivals like the Advisor Group, a recruiter says.