BlackRock's chief executive Larry Fink said he applauds the U.S. Securities and Exchange Commission's plans to step up scrutiny of the risks posed by large asset managers, saying it was a better step than singling out specific firms as posing systemic risk....More
The U.S. Securities and Exchange Commission plans to launch a sweeping set of reforms designed to ensure that large asset managers are properly dealing with risks and have plans to wind down in the event of a major market disruption....More
Financial advisors do not appear to be carrying their weight. A new study based on Canadian data shows that while advisors are able to put clients into better performing assets, they simply do not outperform their costs....More
Exchange traded funds have been gaining market share from the mutual fund industry over the years, and much of that attention has been related to lower costs. But a new research report by Morningstar says many ETFs are not, in fact, cheaper than index mutual funds....More
The only way to reform what ails the Securities and Exchange Commission is to “burn it down and start again,” says Mark Cuban, billionaire entrepreneur, host of the television show "Shark Tank," and the owner of the Dallas Mavericks....More
The Securities Industry and Financial Markets Association is not backing down in its opposition to the Financial Industry Regulatory Authority’s proposed Comprehensive Automated Risk Data System rule, saying at a media briefing Thursday it will utilize every tool available....More
The rebounding economy has been good for advisors, with 80 percent of those surveyed in our 24th annual Broker Report Card reporting a boost in assets under management in 2014.
Read the 2014 Broker Report Card....More
Much has been written about Bill Gross and his departure from the firm he founded 40 years ago. Now, Bloomberg does a deep dive into the drama, interviewing 25 current and former employees and associates revealing new details....More
RCS Capital Corp remains the securities industry's leader in raising money for privately traded real estate investment trusts despite a crisis that has hurt its stock and sales relationships, the company's chief executive said Wednesday....More
Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakness at its capital markets arm....More
When it comes to switching firms, advisors must plan their transition carefully. It requires thoughtful planning, a desire to run and grow your business, and unwavering dedication to do what is right for your clients....More
Research shows that while the average age of financial advisors has gone up, the percentage of advisors that don't have a succession plan in place has gone up as well. Why don't more advisors have a plan, and how can the industry better prepare for the future.
The U.S. corporate high yield market has grown from $250 billion to a $2.4 trillion industry. High yield has proven to be a solid asset class for investors, over time producing comparable returns to the S&P 500 with approximately half the volatility....More
Why do we make decisions that aren’t always in our own best interest? This group of articles from the Investments & Wealth Monitor takes a fascinating look at behavioral finance and behavioral portfolio management....More
With the wind at their backs, sprinters have broken speed records. Similarly, the tailwind of a bull market has boosted the fortunes of equity investors over the past five years. In both cases, the pace cannot be sustained over a long period of time. Look back no further than the past 10 years for confirmation of the market’s lack of endurance....More