Which bond funds are producing equity-like returns this year?
The claims that advisers would have to select from the entire universe of options and that results, not process, determine fiduciary appropriateness certainly tell a scary story of how a fiduciary standard would unfairly target well meaning advisers who are only trying to do what's best.
U.S. equity funds have out-performed, by and large, but a handful of overseas funds have generated some solid performance so far this year.
Morgan Stanley Smith Barney made an attempt to use the legal system as a bludgeon against a team departing to HighTower while Goldman Sachs did the same with a team departing to Credit Suisse.
Financial services industry executives are expected to flex their muscles and make some radical changes to the nation's retirement system over the next several months — an effort that could significantly increase the amount of money flowing into 401(k) plans and guaranteed-lifetime-income products.
The technology sector is white hot these days. If you're not buying it, just look at the Nasdaq, which has been leaving the other indexes swimming in its wake.
Carlos Slim, the world's richest man according to Forbes magazine, has acquired shares of BlackRock Inc., the world's biggest money manager, expanding his U.S. holdings.
