Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Independent broker/dealer Alternative Wealth Strategies in Cherry Hill, N.J., has gone belly up, according to Financial Industry Regulatory Authority documents. The firm’s BrokerCheck report says the firm’s membership was suspended at...
Toronto: “I’m considering joining a team, but a bad experience a few years ago has me spooked. I had two partners, nobody was on the same page, and the break-up wasn’t pleasant,” Michael explained. “Do you have any...
Wealth managers with the right resume—and personality—should find a seller’s market when it comes to filling chief executive and investment officer positions, say search firm executives specializing in the field. But there’...
Real estate investment trusts have been very much in the news lately, with FINRA putting non-traded REITs on their radar. But Brad Case, economist with the National Association of Real Estate Investment Trusts, says there are some misconceptions...
For most of the past decade, Fairholme Fund (FAIRX) soared, outpacing nearly all its competitors by a wide margin. Assets poured into the fund, and portfolio manager Bruce Berkowitz was named manager of the decade by Morningstar. But this year the...
Financial advisors are considered an optimistic, if cranky, lot in the aggregate, but that sentiment was put to the test this week by bond guru William Gross, the keynote speaker at the annual Morningstar Investment Conference in Chicago this week...
When John Bogle served as chief executive of Vanguard Group, critics often accused him of taking a hypocritical stance on actively managed funds. For years, Bogle promoted index funds and said that most actively managed funds are doomed to fail...
We’ve heard it said so many times now: Traditional asset allocation models simply fell short in the crisis. Though the market has been in recovery mode for some time, many investors are still afraid to dive back in and are holding their cash...
