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Michael Hasenstab fund loses $3 billion in a miserable quarter
NEWS INDUSTRY NEWS OCT 16, 2019
Michael Hasenstab fund loses $3 billion in a miserable quarter

Total net assets dropped from $33 billion to $30 billion in the three months through September.

Charles Schwab slams wealth tax as destroyer of U.S. creativity
NEWS INDUSTRY NEWS OCT 16, 2019
Charles Schwab slams wealth tax as destroyer of U.S. creativity

Eliminating commissions is fundamental in getting more people to engage in investing.

NEWS INDUSTRY NEWS OCT 16, 2019
Fisher client exodus nears $1 billion in backlash over remarks

The Boston Pension Board said Wednesday it is yanking $248 million that is managed by Fisher Investments.

Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down
NEWS INDUSTRY NEWS OCT 15, 2019
Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down

Expense for litigation tied to scandals in Well's retail bank, cuts earnings by 35 cents a share.

Fidelity is reviewing its ties with Ken Fisher after his comments at conference
NEWS INDUSTRY NEWS OCT 15, 2019
Fidelity is reviewing its ties with Ken Fisher after his comments at conference

Fisher Investments manages about $500 million for Fidelity's Strategic Advisers unit

Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud
NEWS REGULATION AND LEGISLATION OCT 15, 2019
Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud

The scheme caused more than 7,000 retirees and other investors to lose money

NEWS INDUSTRY NEWS OCT 15, 2019
Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down

Expense for litigation tied to scandals in Well's retail bank, cuts earnings by 35 cents a share.

NEWS INDUSTRY NEWS OCT 15, 2019
Fidelity is reviewing its ties with Ken Fisher after his comments at conference

Fisher Investments manages about $500 million for Fidelity's Strategic Advisers unit

Michigan pension fund pulls $600 million from Ken Fisher
NEWS INDUSTRY NEWS OCT 14, 2019
Michigan pension fund pulls $600 million from Ken Fisher

Chief investment officer says Fisher's comments at the Tiburon conference were unacceptable

With shares down, Franklin turns to tech to spur growth
NEWS INDUSTRY NEWS OCT 14, 2019
With shares down, Franklin turns to tech to spur growth

The company is opening a financial technology incubator next week at its San Mateo, California, headquarters.