Top Portfolio Products: ARK Launches 3D Printing ETF
The PRNT ETF tracks the Total 3D-Printing Index, which includes 40 stocks in 3D printing and related businesses such as computer-aided design.
What Financial Firms Can Learn From Fitness Trackers
Financial firms that want to offer a better digital experience to their clients should look outside the financial services industry, according to Corporate Insight.
Wells Fargo Plans Pilot Robo-Advisor for Early 2017 Launch
Latest Wells Fargo/Gallup survey found that investors trust the advisor who's tech-savvy more than one who's not. Also, only 5% of investors use robo-services.
TD Ameritrade Earns $240M in Quarter; Says Retail Robo Is Coming
Advisor business was particularly strong in the quarter ended June 30, say outgoing CEO Tomczyk and incoming CEO Hockey.
Goldman Sachs Profit Jumps 74% on Bond Trading: Q2 Earnings
Fixed-income revenue rises 33%, equities revenue drops 11%; firm’s compensation costs decline 13% to $3.3 billion.
Schwab Q2 Profits Jump 28% on Record Revenue
Robo platform tops $8 billion in assets; total client assets in Schwab Advisor Services at $1.206 trillion; profit margins at 39.4%, best since record 2008.
Top Portfolio Products: Management Changes at Vanguard, Touchstone Funds
Check out this week's fund management changes and ETF launches, including new sustainable investing funds.
Strong Advisor-Client Relationships Drive Growth During ‘Sideways’ Markets
The client retention rate for RIAs was a whopping 97% in 2015, according to Schwab's annual RIA Benchmarking Study.
Betterment Assets Top $5 Billion; Firm Hires Its First CFO
Betterment CEO Jon Stein says assets are five times what they were just 18 months ago.
SEC Charges Advisor With Overcharging in Wrap Fee Program
As subadvisor, RiverFront's "trade away" volume caused clients to incur millions in transaction costs, the SEC said.