Wealth Management industry news covering the financial markets, trends and wealth professionals.
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While registered investment advisors expect increased competition for assets and challenges from the Department of Labor’s fiduciary rule, these obstacles aren’t enough to deter advisors’ optimism...
(Bloomberg) -- Pacific Investment Management Co. plans to cut its workforce as assets under management have fallen since the September 2014 departure of Bill Gross...
(Bloomberg) -- The job market is grim on Wall Street. Trading desks are shrinking, hiring is flat, even incentive pay is taking a hit. Except in one little corner of the financial world, where managers can’t read resumes fast enough...
• Internal Revenue Service rules that termination of marital trust won’t implicate Internal Revenue Code Section 2519 because initial qualified terminable interest property (QTIP) election was void, but release of power of appointment...
Cetera Financial Group said Thursday that its parent company, which just recently emerged from bankruptcy and reorganization and was renamed Aretec (Cetera spelled backwards), has selected Edmond Walters, former CEO of financial planning software...
Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing...