Prospectus warned that the exchange-traded note has 'zero long-term value,' Thiam says.
Advisers should carefully scrutinize the package they're offered for moving their practice to a new firm.
Equity mutual funds beat benchmarks across the board, with the large-cap growth category doing best.
Acquisition expands Northern California footprint and adds $240M in AUM.
ProShares volatility-linked fund took in more than $500 million last week.
As stock investors fret about rising rates, this week's CPI report could guide the market's next phase.
SPDR S&P 500 exchange-traded fund saw outflows amounting to 8% of its total assets last week.
TDFs now account for 20.4% of defined-contribution-plan assets, up from 18.4% in year-earlier period, according to Pensions & Investments survey
Michael Wilson sees the S&P 500 index ending the year 5% above its current level.
