Wealth Management industry news covering the financial markets, trends and wealth professionals.
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With news Thursday that a preliminary criminal investigation has been launched into some of Wall Street’s biggest firms concerning potentially misleading sales of CDOs to clients, the fiduciary train is set to gain additional momentum in...
Dimensional Fund Advisors (DFA) is riding high. At a time when many investors are abandoning actively managed stock funds, DFA’s passive portfolios have been attracting a steady flow of cash.
BOMs are increasingly considered a cost of goods sold on the P&L statement. Consolidation is forcing them out of the business, or, if they are lucky, they are being pushed back into production. Or they can take a pay cut.
FINRA Chairman and CEO Richard Ketchum thinks broker/dealer firms need to bulk up on disclosure regardless of whatever rulemaking comes out of Congress on the fiduciary issue. He also said that there need to be shock absorbers in the market for...
A growing number of websites is offering consumers tools for budgeting, goal planning, and investment trading. A few of these personal financial management (PFM) sites are drawing big numbers of clients.
A number of senators, Republican and Democrat, are scrambling to get on the fiduciary bandwagon following last weeks' Goldman Sachs hearings. A flurry of amendments have been, or will be, introduced this week that would apply the fiduciary...
Squeezed by investor lawsuits, rising compliance and insurance costs, as well as departing advisors and clients, more of the industry’s smallest independent broker/dealers will fail or merge with other firms this year, say industry observers.
UBS Wealth Management Americas saw further net client asset outflows in the first quarter, but the pace slowed to $6.53 billion from the roughly $10.98 billion of client assets withdrawn in the fourth quarter. Improving market conditions softened...
Mergers and acquisitions might be crawling back to the top of RIA principals' to-do lists this year as the first quarter's numbers show record activity. There were 24 M&A deals among Schwab RIAs during the first quarter of 2010. That's a record...
