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Robinhood valued at $7.6 billion after latest round of funding
YOUR PRACTICE FINTECH JUL 22, 2019
Robinhood valued at $7.6 billion after latest round of funding

The 6-year-old company has also outlined several new initiatives, including expanded trading of cryptocurrency.

US rate of gray divorce has doubled since the 90s
RETIREMENT RETIREMENT PLANNING JUL 19, 2019
US rate of gray divorce has doubled since the 90s

Even very wealthy can find it financially draining, emotionally harrowing — and messy.

Elizabeth Warren declares war on private equity 'vampires'
INVESTING ALTERNATIVES JUL 18, 2019
Elizabeth Warren declares war on private equity 'vampires'

The presidential candidate proposes restricting PE firms' ability to pay themselves 'monitoring fees' and dividends, while limiting their ability to use tax breaks for the debt placed on companies they buy

Battle against SALT deduction reignited by lawsuit
NEWS REGULATION AND LEGISLATION JUL 17, 2019
Battle against SALT deduction reignited by lawsuit

New York, New Jersey and Connecticut sue Trump administration once again over 2017 tax law's most contentious provision.

Money management for social media stars
YOUR PRACTICE FINTECH JUL 17, 2019
Money management for social media stars

Influencers on YouTube are drawing the attention of wealth managers looking to expand their client bases.

Stock investors make $6 billion bet on S&P 500 ETFs
INVESTING EQUITIES JUL 16, 2019
Stock investors make $6 billion bet on S&P 500 ETFs

Big inflows last week show investors are 'all-in on equities,' analyst says.

Fidelity adds low-cost funds, stepping up fee war
INVESTING MUTUAL FUNDS JUL 16, 2019
Fidelity adds low-cost funds, stepping up fee war

Asset manager says the new funds cost less than equivalent products at Vanguard.

Labor Secretary Alexander Acosta resigns after furor over Jeffrey Epstein sex charges
NEWS REGULATION AND LEGISLATION JUL 12, 2019
Labor Secretary Alexander Acosta resigns after furor over Jeffrey Epstein sex charges

As top federal prosecutor in south Florida in 2007 and 2008, Acosta signed off on a lenient plea deal for Epstein

Tiny ETF beats tech and everything else in second quarter
INVESTING MUTUAL FUNDS JUL 12, 2019
Tiny ETF beats tech and everything else in second quarter

A $3.7 million fund focused on dry-bulk shipping outperformed all non-leveraged ETFs in the U.S.

Panic sales rekindle debate over ETF liquidity
INVESTING ETFS JUL 12, 2019
Panic sales rekindle debate over ETF liquidity

While growing numbers of asset managers are using ETFs as cash equivalents, how easily can funds be turned into cash in a crunch?