Industry

(Bloomberg View) -- It’s time to ask a scary question: How much of the financial industry will soon be obsolete? There are many examples of technologies that have been replaced by something newer and better -- film replaced by digital cameras...

"Halal portfolio management." | Copyright Sean Gallup, Getty Images A new robo advisor is targeting Muslim investors with access to what it calls “halal portfolio management.” Wahed Invest says its platform, Wahed, is the world’s first automat...

Betterment believes automated asset location strategies can improve after-tax returns by 0.48 percent per year.

In the latest comeback attempt for the storied brand, the owners of EF Hutton are launching a new website Wednesday that provides “automated financial services for clients 24/7 and with customized services.” Sounds like a robo?

Watch for the shift. | Copyright Scott Olson, Getty Images Discount brokerages like Charles Schwab and E*Trade can compete with the full-service players on value and price, but a foray into the advice segment will be key, says Morgan Stanley a...

(Bloomberg) -- It’s Friday, and your paycheck is missing a zero. Even if payroll owns up to it, you could be waiting until Wednesday to get your money. Your power company is threatening a penalty for an overdue balance? Don’t...

(Bloomberg) -- Bank of America Corp.’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s weak controls led to multiple orders being sent to markets, resulting in mini-flash crashes...

As a nuclear scientist and professor of physics at Yale, my father used to stand in front of his undergraduate classroom holding a skull-crushingly heavy metal ball attached by a cable to the ceiling of the lecture hall. He’d let it swing...

Nebraska-based Securities America, the independent broker/dealer owned by Ladenburg Thalmann, has acquired Wall Street Financial Group, a small IBD based in Fairport, N.Y. The deal comes on the heels of the firm’s purchase of Foothill...

(Bloomberg) -- The world’s largest asset managers have changed their tune after years spent slamming global regulators for trying to treat them like too-big-to-fail banks...