Economy & Markets
The important economic and stock market news that advisors need to know.
Stocks Gain in May as Nasdaq Rebounds, S&P 500 Hits High
By Callie Bost, BloombergGlobal equities rise 1.8% for the month, while the Nasdaq 100 soared 4.3%, erasing earlier declines.
May 29, 2014
Bill Gross, PIMCO’s Intriguing Leader: 2014 IA 25 Profile"Treasure your pets and all living things. Eventually we all stop living," Gross wrote in a commentary after his beloved cat, Bob, died.
May 29, 2014
Is There Enough Fixed Income in Your Retirement Plan Lineup?If you only have one or two options, you might not be able to meet participants varied needs, says Matt Sommer of Janus Capital.
May 29, 2014
Fidelity’s Durbin: RIAs Thriving; Top Clients See Robo-Advisors as Positive TrendFidelity IWS chief reports custodial business growing healthily, ironically with fewer, but larger, RIA client firms, who embrace virtual advice-giving.
May 29, 2014
That $41 Trillion Wealth Transfer Now Officially $59 TrillionThe vaunted $41 trillion wealth transfer that is the subject of every advisor conference has been freshly updated: It has now reached $59 trillion.
May 29, 2014
FINRA Bars Ex-Wells Fargo RepMichael Frew may have set up a Ponzi scheme involving 30 investors and a man named Guido.
May 29, 2014
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014This quarter saw surprising performance dips and peaks across the financial sector.
May 29, 2014
FINRA Warns on Fake High-Interest CDsFINRA investor alert provides list of red flags that indicate a fraudulent CD offer.