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Millennials drawn to JPMorgan app offering free trades
YOUR PRACTICE FINTECH MAY 15, 2019
Millennials drawn to JPMorgan app offering free trades

Average user of bank's You Invest platform is 15 years younger than its typical customers.

Uber IPO flop is coming to an ETF near you
INVESTING ETFS MAY 15, 2019
Uber IPO flop is coming to an ETF near you

Two exchange-traded funds focus on newly listed companies.

Capital Group, bastion of active management, rebounds to $1.9 trillion
INVESTING MUTUAL FUNDS MAY 14, 2019
Capital Group, bastion of active management, rebounds to $1.9 trillion

American Funds sponsor still faces uncertain future as investors flock to low-cost, passive investing.

Fidelity drops Goldman, brings securities lending in-house
NEWS INDUSTRY NEWS MAY 14, 2019
Fidelity drops Goldman, brings securities lending in-house

As fees on index funds fall, revenue from businesses like stock lending becomes more important to asset managers.

You need $2.3 million to be considered wealthy in America
YOUR PRACTICE PRACTICE MANAGEMENT MAY 13, 2019
You need $2.3 million to be considered wealthy in America

Millennials' strategy for getting rich: ignoring their friends' social media posts

Morgan Stanley wealth management clients burned in Uber IPO
NEWS WIREHOUSES MAY 13, 2019
Morgan Stanley wealth management clients burned in Uber IPO

Elite clients got an early chance to invest in the ridesharing company, and now they're looking at losses.

Bitcoin rises above $7,000, further fueling interest in cryptocurrency market
YOUR PRACTICE FINTECH MAY 13, 2019
Bitcoin rises above $7,000, further fueling interest in cryptocurrency market

Rival coins Bitcoin Cash up 26%, and Litecoin and Ether both at least 12% higher.

Markets tumble as trade war escalates
INVESTING EQUITIES MAY 13, 2019
Markets tumble as trade war escalates

The S&P headed for the biggest slide in four months and the Dow slumped more than 500 points after China targeted some of the nation's biggest exporters.

Reg BI looks strong, if you squint just right
NEWS REGULATION AND LEGISLATION MAY 13, 2019
Reg BI looks strong, if you squint just right

Despite SEC commissioner Peirce's comments last week, absent real mitigation, the rule is toothless.

Average Fidelity 401(k) balance increases sixfold over past decade to almost $300,000
RETIREMENT RETIREMENT PLANNING MAY 09, 2019
Average Fidelity 401(k) balance increases sixfold over past decade to almost $300,000

Gen X investors saw average accounts rise to $268,900 from $37,000.