Morningstar to Tackle Hottest ETF Topics at Conference
Among the topics where Morningstar wants to "rethink conventional wisdom" are active share, strategic beta, 401(k) mistakes and hedging currency exposure.
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
Meanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
Moynihan Remains BofA Chairman After Vote, Fends Off Critics
Bank of America CEO survives campaign by pension funds to split his roles.
Ex-Morgan Stanley Advisor Pleads Guilty to Taking Data
Galen Marsh faces as long as five years in prison after downloading details of 730,000 client accounts.
Wall Street Cracks Down on Free Sharing of Analysts' Notes
Brokerage and bank executives are frustrated that so much research ends up on Twitter minutes after its release.
Advisors Lure Million-Dollar Clients on Social Media
Some 17% of respondents to an American Century survey said they acquired business of at least $1 million in part because of social media.
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging Shareholders
The firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
Top Portfolio Products: New ETFs From State Street and Direxion
Hedge your currency risk or double down on a leveraged sector stock bet? That's what some of this week's new portfolio products offer.
Advisors Downplay Fed’s Interest Rate Decision
“Too much emphasis is being placed on the significance of this event,” one advisor said as the FOMC announced it was keeping rates unchanged.
The Indie Robo-Advisor: A Doomed Business Model?
Bigger competitors and growth-hungry venture capitalists are bearing down on software-only "eRIAs," but there may be a way out, Cerulli says.