Pimco Liquidates Arnott-Run Smart Beta Fund
Research Affiliates fund trailed 87% of peers in past 3 years; assets had fallen to $316 million from $4.2 billion at peak.
‘No Fee Compression on Our Advisors’: Raymond James CEO
Paul Reilly discusses retention, recruiting efforts and compliance issues during the yearly indie advisor event.
New Fannie Mae Policies Help Student Borrowers Get Mortgages
The policy changes reduce the cost of cash-out refis for student loan borrowers.
Tax Cuts to Happen in ’17, but Not Reforms: Andy Friedman
Also at the Raymond James conference, CEO Paul Reilly says cuts could benefit some advisors doing business as S Corps and LLCs.
HighTower Adds $500M Group From UBS, Merrill: Recruiting Roundup
RBC gets all-female UBS team, LPL attracts hybrid group, Cetera shares board news, and Wells Fargo promotes execs.
White House Unveils Trump’s First Tax-Cut Bid, Corporate Rate of 15%
Tax plan calls for shift to territorial system for companies; top individual tax rate would be cut to 35% from 39.6%.
Personal Capital Has a New CEO
Bill Harris, who founded the firm, steps down but remains chairman, as Personal Capital’s COO takes over as CEO.
‘No Evidence’ DOL Rule Is Hurting Recruiting: Raymond James
Though Morgan Stanley says the fiduciary standard is slowing advisor movement, the independent advisor group begs to differ.
Trump’s 15% Business Tax Seen as ‘Gambit’ as He Unveils Plan
The 15% tax would apply to corporations and pass-through entities, which could create an incentive for some to create such entities for tax purposes.
3 Trends Advisors Need to Watch
Author and former presidential advisor Pippa Malmgren lays out what's happening in the global economy at Raymond James' national event.