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Retirement millionaires hit record, Fidelity says
RETIREMENT RETIREMENT PLANNING FEB 13, 2020
Retirement millionaires hit record, Fidelity says

The increase in the number of millionaires reflects both higher savings rates and the market's rally

Wells Fargo ends mandatory arbitration for sexual harassment claims
NEWS WIREHOUSES FEB 12, 2020
Wells Fargo ends mandatory arbitration for sexual harassment claims

The change follows discussions with stakeholders and a shareholder proposal last year on the practice from Clean Yield Asset Management

BlackRock climate vow pays off with new ETF's $600 million debut
INVESTING ESG FEB 12, 2020
BlackRock climate vow pays off with new ETF's $600 million debut

Exchange-traded fund launched last week sees big investment from Finnish pension insurer

Wells Fargo reorganizes business lines
YOUR PRACTICE PRACTICE MANAGEMENT FEB 11, 2020
Wells Fargo reorganizes business lines

Jon Weiss, the head of wealth and investment management, has been named CEO of corporate and investment banking

Robot analysts best humans on investment picks: Study
YOUR PRACTICE FINTECH FEB 11, 2020
Robot analysts best humans on investment picks: Study

Automated services are more likely to produce sell ratings on stocks, and their buy recommendations outperform those from humans

New ETF meets demand for muni debt with social investing
INVESTING ETFS FEB 07, 2020
New ETF meets demand for muni debt with social investing

Van Eck files for fund that will focus on investment-grade state and local government debt that funds projects promoting sustainable development

Munis from high-tax states in great demand
INVESTING FIXED INCOME FEB 07, 2020
Munis from high-tax states in great demand

Investors in states like California and New York seem to be ignoring the ratings on municipal bonds as they deal with the limits on deducting state and local taxes

Ex-Pimco CEO gets nine months in college admission scam
NEWS REGULATION AND LEGISLATION FEB 07, 2020
Ex-Pimco CEO gets nine months in college admission scam

Douglas Hodge paid $850,000 in bribes to get four of his children into USC and Georgetown as phony soccer and tennis team recruits

Credit Suisse CEO Thiam ousted
YOUR PRACTICE PRACTICE MANAGEMENT FEB 07, 2020
Credit Suisse CEO Thiam ousted

The bank’s chairman called the move an attempt to fix its reputation in the wake of a spying scandal that unnerved the Swiss establishment

Frozen Wells Fargo bonuses show a peril for bankers after crisis
YOUR PRACTICE PRACTICE MANAGEMENT FEB 06, 2020
Frozen Wells Fargo bonuses show a peril for bankers after crisis

Retiring executives are having a hard time collecting deferred stock compensation, even if they weren't involved in the bank's scandals