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Merrill duo managing $700 million joins RIA
NEWS INDUSTRY NEWS OCT 22, 2019
Merrill duo managing $700 million joins RIA

Boca-based Robert Marton and John Bute have joined Lido Advisors, headquartered in Los Angeles.

New Hampshire pulls $239 million from Ken Fisher
NEWS INDUSTRY NEWS OCT 22, 2019
New Hampshire pulls $239 million from Ken Fisher

Its announcement brings the amount divested from his firm to more than $2 billion.

Inside Ken Fisher's private kingdom
NEWS INDUSTRY NEWS OCT 21, 2019
Inside Ken Fisher's private kingdom

His firm's hardball culture reels in billions.

'Trusted' professionals are targeting older Americans
NEWS REGULATION AND LEGISLATION OCT 21, 2019
'Trusted' professionals are targeting older Americans

Elderly fraud often involves professional firms and companies, including banks, financial advisers, insurers and law firms.

Fidelity pulls $500 million from Fisher
NEWS INDUSTRY NEWS OCT 21, 2019
Fidelity pulls $500 million from Fisher

Its move brings the total yanked from Fisher Investments so far to $1.8 billion.

Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo
NEWS WIREHOUSES OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

YOUR PRACTICE PRACTICE MANAGEMENT OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

About 2.7 million fewer people got tax refunds after law change
NEWS INDUSTRY NEWS OCT 18, 2019
About 2.7 million fewer people got tax refunds after law change

Changes in withholding rates meant many got the tax cut in small chunks in their paychecks, rather than in one large check after filing their tax return.

ESG hardliners blacklist $16 trillion US Treasuries market
INVESTING FIXED INCOME OCT 16, 2019
ESG hardliners blacklist $16 trillion US Treasuries market

French state pension plan, ESG funds take stance based on US government's stance on capital punishment.

Passive proliferation slows, with 770,000 indexes scrapped in 2019
NEWS INDUSTRY NEWS OCT 16, 2019
Passive proliferation slows, with 770,000 indexes scrapped in 2019

But the number of fixed-income indexes expanded, as did ESG indexes.