Most Advisors Use Smart Beta, Whether They Know It or Not: Russell
By Bernice NapachDefining smart beta ... continues to be a point of confusion for financial advisors, says a Russell report with several illuminating findings.
September 23, 2015
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley RepsMeanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
September 21, 2015
Advisors Lure Million-Dollar Clients on Social MediaSome 17% of respondents to an American Century survey said they acquired business of at least $1 million in part because of social media.
September 21, 2015
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging ShareholdersThe 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.
September 21, 2015
Lebenthal Adds Co-CEO as Chief Takes Reins of Wealth UnitEx-Ally Bank CEO Barbara Yastine will join Alexandra Lebenthal in the top role as Frank Campanale steps down as wealth chief.
September 18, 2015
Schwab Finds Women Hold Almost Half of RIA Jobs but Have Little EquitySchwab finds that about 46% of the RIA work force is female, but less than 20% of employee equity ownership goes to women.
September 18, 2015
Top Portfolio Products: New ETFs From State Street and DirexionHedge your currency risk or double down on a leveraged sector stock bet? That's what some of this week's new portfolio products offer.
September 17, 2015
Advisors Downplay Fed’s Interest Rate DecisionToo much emphasis is being placed on the significance of this event, one advisor said as the FOMC announced it was keeping rates unchanged.