BofA Targets Wealthy Florida Clients as Advisors Set to Double
By Katherine Doherty and Max ReyesRevenue for the bank's wealth businesses, including Merrill, rose 14% from a year ago to hit $5.1 billion in the second quarter.
July 14, 2021
Fidelity Adds More Target Allocation Mixes to Model Portfolio LineupThe new model portfolio stock allocations range from 10% to 100% with the remainder, if any, in fixed income.
July 13, 2021
Here's What Drove Inflation, Social Security COLA Estimate Higher in JuneCertain products pushed inflation higher this month, and not all observers agree that the increase is transitory.
July 13, 2021
BlackRock Boosts SMA Capabilities With Stake in SpiderRock AdvisorsSpiderRock's strategies, available through RIA custodians, are focused on risk management and yield enhancement.
July 13, 2021
TIAA to Pay $97M for Pressuring Investors Into RolloversAdvisors pushed rollovers from retirement plans to managed accounts with higher fees, according to the SEC and NYAG.
July 13, 2021
Vanguard Buying Direct Indexing Firm Just InvestTerms of the deal were not disclosed, and it is expected to close in the fourth quarter.
July 13, 2021
Grayscale Bitcoin Fund Advances ETF Plans With BNY MellonGrayscale Investments will use the bank's services upon the hoped-for conversion of its $21.5 billion Grayscale Bitcoin Trust.
July 13, 2021
Costco Offers Better Prices Than Medicare 50% of the Time: StudyAccording to USC research: 'It's time to fix incentives in the Medicare Part D system to put the patient first.'