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...
• Internal Revenue Service issues draft of new IRS Form 8971 to report basis—In the summer of 2015, President Obama signed what’s known as the “Highway Bill” (Surface Transportation and Veterans Health Care Choice...
Year-to-date, the S&P 500 is down about 8 percent. Yet the president of LPL Financial, the largest independent broker/dealer in the country with some $462 billion in advisory and brokerage assets, said there isn't yet any indication...
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...
