LPL Financial reported net income of 53 cents a share, down 5 percent from a year ago, on net revenues of about $1 billion, a 7 percent decline year-over-year. But the firm beat analysts expectations on both figures.
A Morgan Stanley team with about $600 million in assets left the wirehouse and joined with an existing RIA to launch a new independent firm called One Seven, to focus not just on clients’ wealth management, but their physical and mental health as well.
Just a year after closing on its acquisition of Sterne Agee, Stifel Financial announced plans to sell the firm’s independent brokerage, clearing and RIA businesses to INTL FCStone Inc., a commodities and Forex broker.
Brexit, the Fed’s inconsistency, negative rates and strange politics are all signals that the economy will soon exit this period of low growth, says Allianz’s Mohamed El-Erian. To survive, investors better throw out conventional wisdom, he warns.
The majority of SIFMA economists do not expect the Fed to raise rates during Wednesday's meeting, although they say we'll see a hike in the third quarter. They also don't anticipate a British exit from the European Union.
The tragic shooting in Orlando may have some clients questioning what’s in their portfolio. For those clients uncomfortable with gun manufacturers, here are some SRI funds that screen out weapons and firearms.
Marc Chaikin, stock market expert and the creator of Chaikin Money Flow, demonstrates how to build portfolios that outperform the market and beat robo advisors. He'll demonstrate the simple way to find trends in equity sectors—and use a combination of stocks and ETFs to construct strong client portfolios....More
Say “retirement plan” and most people today think 401(k). 403(b) plans are generally considered the exception or the anomaly, and until several years ago, they really were quite different from 401(k) plans....More
Recent statistics show markedly improved longevity rates. Between 1985 and 2010, the number of people living past age 90 tripled and will quadruple in the next 40 years. In addition, death rates for various diseases including the two leading killers (heart disease and cancer) have decreased from 38% to 13.5% over the past 10 years....More