According to new data released Thursday by Broadridge’s Fund Distribution Intelligence, ETF assets increased $124 billion in 2015, hitting an all-time high of $2.2 trillion. Comparatively, long-term mutual fund assets decreased by $161 billio...
The Department of Labor moved forward with its plans to release a finalized version of its long-anticipated fiduciary proposal, sending a copy of the rule to the Office of Budget Management late Thursday night for review and approval...
The Financial Industry Regulatory Authority will be working on a number of rule changes in 2016, including revamping license testing and creating a waiver program for those taking a leave of absence or performing different job functions...
With the Department of Labor’s proposed fiduciary rule due out in the first half of 2016, the Financial Services Institute is focusing on helping prepare advisors and firms to comply with the new standard, and will turn its advocacy...
Keep it simple.
Desperate times call for desperate measures. So complicated market environments call for complex investment strategies, right? At least that’s what investors (and asset managers) are hardwired to think, according to the la...
The Financial Industry Regulatory Authority cracked down on a number of issues in 2015, although perhaps the most common (and costly) for many broker/dealers was mutual fund overcharges. Overall, the 15 biggest sanctions the regulator doled out...
Pick door No. 3.
Private wealth management firms were in high demand in 2015, dominating the financial transaction landscape among asset management firms with a record 59 deals, according to a new report by Sandler O’Neill. The firm attrib...
With almost all of the leading candidates having released their official tax proposals, voters are faced with a glut of information. Though the proposals largely break along party lines, there's still some key differences of which to take note...
