Could Financial Services Chair Move into Speaker Slot?

Oct 09, 2015

The next Speaker of the House? | Copyright Mark Wilson, Getty Images Now that Rep. Kevin McCarthy of California has quit the race for Speaker of the House, could Jeb Hensarling toss his hat back into the ring? The current chairman of the H...

Morningstar Purchases tRx Portfolio Rebalancing Platform

Oct 08, 2015

Morningstar announced plans Thursday to acquire Total Rebalance Expert, an automated portfolio rebalancing tool for financial advisors. Developed in 2008, tRx focuses on allowing advisors to easily minimize taxes and harvest tax losses for...

CFPB Takes on Arbitration Clauses

Oct 08, 2015

Read the fine print. The Consumer Financial Protection Bureau on Wednesday said it's considering a proposal that would prohibit financial services firms from including mandatory arbitration clauses common in many consumer contracts. The w...

Bill Gross Sues Pimco For $200 Million Over Forced Ouster

Oct 08, 2015

Famed bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying he was driven out of the bond fund giant he helped found by a greedy "cabal" of executives who...

Top 10 Wirehouse Advisors of 2015

Oct 07, 2015

Advisors on the “Top Wirehouse Advisors in America” list are ranked exclusively by assets under management custodied at the four wirehouse firms as of the second quarter of 2015. Only advisors for whom 80...

September 2015 FinTech Report Card: 9 Top Tech Events

Oct 07, 2015

Aaron Klein is co-founder and CEO of Riskalyze, a financial technology company based in Northern California. The views and opinions expressed in this article are those of the author and do not reflect the official position of WealthManagement.com.

Highlights from Raymond James Women's Event

Oct 07, 2015

At Raymond James annual Women’s Symposium last week, women advisors met to share ideas and stories on how to succeed in the business today, touching on themes like the need to build confidence, help each other be successful, lean in and...

Blackstone to Pay $39 Million to Settle SEC Charges Over Fees

Oct 07, 2015

WASHINGTON, Oct 7 (Reuters) - Blackstone Group, the world's largest private equity firm, will pay about $39 million to settle civil charges over disclosure failures in connection with certain types of fees it charged its portfolio...