New DOL Fiduciary Rule Before Obama Leaves Office? Maybe Not
The neverending speculation about when DOL might finally issue a redefined fiduciary standard came up once again this week at the SPARK Institute conference.
Robo-Advice ‘Not a Zero-Sum Game’ as Schwab Stomps Into Arena
Pershing conference speakers take a "wait-and-see approach" to Schwab’s new automated service; robo-advisors seen as threat to full-service brokers.
U.S. Pensions Pulling Back on Alts as Rest of World Piles In: Survey
The view on alternative investments is one of several areas where U.S. institutional investors diverge from those abroad, a study found.
Mobile Financial App Users More Likely to Report Big Returns: Fidelity
Plus, the majority say they do mobile investing and research in the bedroom or in front of the TV.
Schwab to Unleash No-Fee Robo-Giant
Schwab Intelligent Portfolios for retail investors has minimum of $5,000; will roll out early next year, followed by an RIA version.
SEC's Bowden: Ethical Standards More Important Than Policy, Procedures
Advisory firms striving for compliance “can’t be effective by merely having policy and procedures, even if tested,” the exam chief said.
Fidelity Names Abigail Johnson CEO to Succeed Father, Ned Johnson
Ned Johnson tells shareholders he will stay with Fidelity as chairman.
Fidelity Launches Actively Managed, Fixed Income ETFs
Fidelity Investments is expanding its ETF offerings with a suite of actively managed fixed income funds.
New Hire Roundup: Vanguard’s McNabb to Serve Additional Term at ICI
Meanwhile, Dynasty Financial Partners announced a new partnering with Nova Wealth Advisors.
1 in 4 Gen Yers Trust ‘No One’ for Financial Advice
People starting their careers often don’t know whom to trust for advice, so many don't turn anywhere, Fidelity found.