RCS Capital’s Q4 Profits Crash on ARCP Woes
The firm reported a 70% drop in adjusted earnings, even bigger than analysts had expected.
Alternative ETFs: Always Know What You’re Buying
Another tip for alt ETF investors from a recent Schwab call: always ask, “Can I store that commodity in my basement?”
Advisors Mobilize for More Cybersecurity Threats
The buzz around cyberattacks was a hot topic at the T3 conference as the SEC and FINRA mull IT-related controls.
4 Cool Tech Tools Launched at T3
“If you can find your spouse online, you can probably find your advisor,” Schwab's Neesha Hathi said at the T3 conference.
Gross Owns Majority of Janus Bond Fund He Runs
Bill Gross and his family own 51.2% of the Janus Global Unconstrained Bond Fund after acquiring shares through brokerage accounts at Morgan Stanley and Schwab.
Top Portfolio Products: Janus Reopens Fund
Schwab expands ETF OneSource; ETF Securities rolls out smart-beta products
New Hire Roundup: SEC Names Schneider Associate Regional Director for Pacific Northwest
Meanwhile, Advisor Software announced that Erik Jepson has joined as chief customer officer.
Schwab Adds 18 ETFs to Commission-Free OneSource
On Sunday, Schwab will add 18 funds to its OneSource platform, bringing the total ETFs available to 198.
Charities Get a Carve-Out in Obama’s SOTU Tax Proposals
Obama's plan to close the "trust fund loophole" for capital gains taxes on inherited assets has a loophole of its own.
UBS's Dark Pool Was Shady
This was a big week for the SEC, including levying a $14.4 million fine against UBS Securities for doing bad stuff in its dark pool.