Economy & Markets
The important economic and stock market news that advisors need to know.
VanEck Enhances Fallen Angel Bond ETF's Holdings: Portfolio Products
By Jeff BermanAlso, First Trust plans to launch two target outcome ETFs.
May 08, 2020
Why Some Robo-Advisors Outperformed in Q1: ReportThe top performer for the quarter was a relative newcomer that has an actively managed portfolio.
May 08, 2020
Gen Z, Millennials More Worried About Their Portfolios Than Their Health During COVID-19 Crisis: Survey"To watch a nest egg's value reduce drastically in almost the blink of an eye is enough to shake up anyone," E-Trade's Mike Loewengart said.
May 08, 2020
U.S. Jobless Rate Surges to 14.7% in AprilIt's the highest unemployment rate since early 1948.
May 07, 2020
Schwab to Buy Motif's Technology in All-Cash DealThe announcement follows Motif's decision to shut down its platform recently.
May 07, 2020
Ameriprise Tops Q1 Estimates as Wealth Unit Sees 'Strong Client Activity'It has some 9,878 independent and employee advisors, up 7 from the prior quarter.
May 07, 2020
Kitces: Pandemic to Accelerate Shift to AUM-Based Fee ModelCOVID-19 is "making the future get here faster than anyone expected," he says.
May 07, 2020
Treasury, IRS Extend PPP Loan Grace PeriodThe safe harbor repayment date with respect to earlier "economic certifications" made by borrowers has been extended by a week.