The Third Avenue Focused Credit Fund, which was recently shut down, was managed more like a private equity fund, not a 40 Act mutual fund, said Bradley Tank, chief investment officer of fixed income at Neuberger Berman...

Pot is big business. | Copyright Ron Wurzer, Getty Images Put this in your pipeline: Bank of America Merrill Lynch sees massive investment potential in weed. In an in-depth and pun-filled research report, the firm estimated that medical ma...

Does the old adage, actions speak louder than words, hold true for advisors? In a recent survey, over a third of registered investment advisory firm owners say they are planning to retire in the next 10 years, but many have not put into place the...

After weeks of strong signals from Chair Janet Yellen and other officials, the Federal Reserve is expected to announce it will gradually raise the short-term interest rate from the near-zero level where it has sat for the past seven years...

A Toronto, Canada-based financial advisor, Rohinie Bisesar, is wanted for allegedly stabbing a woman who was talking on a phone in a drugstore on Friday. The attack was unprovoked, according to DailyMail.com. The victim, who police said was “...

It can disappear in an instant. | Enrique Ramos Lopez/iStock/Thinkstock From July 2014 to July 2015, 45 percent of the ultra-wealthy in the United States lost some of their fortune, according to Wealth-X. Eleven percent said they lost more...

The demise of Third Avenue’s Focused Credit Fund shows that not all strategies, especially those with concentrated bets in low quality bonds, belong in an open-end vehicle, Morningstar says...

They all deserve a comfortable retirement. | Copyright Win McNamee, Getty Images The military retirement system is on the verge of a major overhaul significantly increasing the number of veterans eligible for a federal pension, Fox Busines...

The owner of an English soccer club is nothing more than a penny stock fraudster, mixing lies and threats to line his pocket with investors’ money, the U.S. Securities and Exchange Commission claimed Friday after the regulator obtained...

Buyer beware. | Scott Rothstein/iStock/Thinkstock There are emerging risks in the corporate bond market that merit further study, the Financial Industry Regulatory Authority warns. FINRA recently conducted an analysis of Trade Reporting an...