Advisors trying to differentiate themselves by focusing on their fee structure may be doing themselves a disservice. A new study by Pershing shows the phrases “fee-only” and “no commission” are virtually interchangeable for investors.
VIEWPOINTS: Burt White, Managing Director and Chief Investment Officer, LPL Financial; While football teams are looking for an edge against their opponents on the field, investors will be keeping a close eye on the Fed...More
Municipal bonds will no longer be part of the easily sellable assets that banks can use to show they are able to survive a credit crunch, Bloomberg reported, citing a person familiar with the matter....More
A New York broker went on trial on Monday over a U.S. securities regulator's claims he participated in a scheme designed by a Morgan Stanley employee to profit from the death of terminally ill patients through variable annuity sales....More
VIEWPOINTS: Scott Minerd, Global Chief Investment Officer, Guggenheim Partners; While equities could correct further, analysis suggests stocks are fairly priced and could reach new highs by the end of the year....More
VIEWPOINTS: Andrew Dudley, Senior Portfolio Manager, Context Asset Management; To create a strong core alternative allocation, advisors and investors must understand that alternatives cannot be judged by returns alone...More
Marketing is one activity advisors fret about but few do well, if at all. The same goes for social media. Vestorly, a New York City-based startup co-founded by Justin Wisz, may finally help them put some teeth into their efforts....More
The number of women in financial services is growing, but banks are leading the way. Women now represent 11.5 percent of all financial advisors, but make up 33.3 percent of advisors working at banks....More