Investors can be forgiven if they feel overwhelmed by the proliferation of exchange traded funds. As of the end of June there were 1,478 exchange traded products in the United States with a combined $1.44 trillion in assets. Who can separate the winners from the landmines? Enter one of the world’s leading ETF analysts, Deborah Fuhr.
Like most people, financial advisors love technology that is easy to adopt and makes them more productive. That’s why the wealth management industry is keeping a close eye on tech guru Zohar Swaine, who, up until very recently, was building up the technology start-up inStream Solutions.
Merrill Lynch brokers, and bullish markets for most of the past year, helped Bank of America in the second quarter reach all-time highs in wealth management revenue, profit and profit margins as well as in loans and asset management fees.
Fidelity Institutional on Wednesday said it was reorganizing leadership of its clearing and custody business, to capture more assets from fast-growing sections of the wealth management business such as regional banks, third-party asset managers and consolidators.
An increasing number of families in recent years have been investing in the renovation of their homes, but too many do not fully appreciate the range of risks involved – from unreliable contractors and worksite injuries to property loss, lawsuits, and family safety threats....More
Many financial advisors focus on the key baby boomer segment that is approaching retirement. With one of the largest transfers of wealth in history expected to occur over the coming decades and technology playing a larger economic role, successful advisors are looking for ways to work with younger investors....More