Economy & Markets
The important economic and stock market news that advisors need to know.
Here Is Schwab's New ABC Asset Allocation Framework for Advisors
By Bernice NapachIt combines cap-weighted, strategic beta and actively managed allocations with a behavioral overlay.
April 04, 2019
In High-Yield Bonds, Look Closer at Active ManagementThe broad high-yield market can't be replicated in the same way as the equity market.
April 04, 2019
Trump Said to Choose Herman Cain for Federal Reserve BoardCain, a former pizza company executive, would join Stephen Moore, a conservative economist, as Trump's second pick to serve on the Fed Board.
April 03, 2019
UBS Said to Weigh Asset Management Options Including MergerSwiss bank considering partial sale or merger of business; asset managers seeking scale to fend off low-cost competitors.
April 03, 2019
Wells Fargo CEO's Stumble Puts Bank in Familiar State of Disarray"They're in limbo," said Parnassus Investments Chairman Jerome Dodson. "We'll have to see who the new CEO is."
April 02, 2019
'The Most Powerful Man on Wall Street That You've Never Heard of' Is RetiringDavid M. Blitzer, the managing director and chairman of S&P Global's index committee, is retiring this August.
April 02, 2019
Half of Older Americans Have Nothing in DC Plans, IRAsTwo in five of those households have a pension; the rest have no retirement account at all, the GAO reports.
April 01, 2019
Robert Shiller: Why Aren't Stock-Market Booms Predictable?Major shifts should be at least partly foreseeable; yet they aren't, the economist says.