Economy & Markets
The important economic and stock market news that advisors need to know.
Betterment Moves Into Banking
By Bernice NapachIts savings and checking platform includes a savings account with a 2.69% APY.
July 22, 2019
Start Preparing Now for the End of Libor-Linked Loans, SecuritiesThat's what New York Fed President John Williams, Fannie Mae and Freddie Mac officials and Wall Street executives recommended at a recent SIFMA briefing.
July 19, 2019
The Persistent Underperformance of Actively Managed FundsThe latest S&P Dow Jones Persistence Scorecard could dampen excitement about actively managed nontransparent ETFs.
July 19, 2019
How Wall Street Is Helping Influencers Manage Their WealthYouTube personalities can earn millions in ad-based income; 'This is pretty much first-generation wealth,' an advisor says.
July 18, 2019
We Graded the 12 'Smartest' Cities for RetirementThese cities combine affordability with educational perks that'll help keep your brain young, but some of these upsides come at a cost.
July 17, 2019
Financial Advisors Can't Wait for Nontransparent Active ETFs: SurveyEighty-five percent of the 200 advisors surveyed by Broadridge Financial Solutions say they're likely to use these ETFs.
July 16, 2019
Fidelity Expands Price War With Vanguard With New Index Fund LaunchesAll five index funds have lower fees than comparable Vanguard funds, with no minimums.
July 16, 2019
Wells Fargo, Schwab Beat Estimates: Q2 EarningsBank of America Merrill Lynch will release its Q2 figures on Wednesday, while Morgan Stanley will do so on Thursday.