Wealth Management industry news covering the financial markets, trends and wealth professionals.
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While the number of advisors shifting to independent business models slowed somewhat last year from 2009, the size of those breakaways making the move is growing, says Fidelity Investments. It’s not a new trend for the No. 2 RIA custodian...
Last Thursday, Morgan Stanley announced that employees on the banking and brokerage sides of the firm who get a substantial bonus—everyone from bankers to traders to branch office managers—will now be seeing 35 to 50 percent of that...
U.S. and Canadian banks say developing mass affluent wealth management business is a top priority, but they’re not doing enough about it, says a recent report from Aite Group. Most banks are focusing their efforts on cross-selling brokerage...
Municipal bonds have sagged recently. Analysts blame falling bond prices on a variety of causes, including rising interest rates and concerns about municipal defaults. Should you dump your bonds? No.
Fidelity, known for equities in the 90s, did it with its move into bond funds. Janus, known as a growth shop during the tech boom, was able to do it with its move into mixed-asset funds. Now Pimco is launching a new fund line in equities. Of...
During an investor webinar Tuesday, Morningstar’s ETF team shared some of their best ideas for investing in ETFs in 2011 and provided a look inside their own portfolio. Overall, they recommended investors tilt their portfolios toward...
While it is commonplace, managing personal wealth inside an operating company is hardly ideal, and may, in fact, be detrimental to the long-term interests of both the family and the business, according to family business experts.
Merrill Lynch said today it is rolling out a new pricing program that provides incentives for customers to hold $50,000 or more in BofA deposit accounts or Merrill Edge investment balances. The program, called Platinum Privileges, provides...
In a Dodd-Frank study released over the weekend, the SEC recommended that all brokers and financial advisors adhere to the same strict fiduciary standard that currently applies to investment advisers when they provide personalized investment...
