If there is one lesson that financial advisers and their clients have learned since the financial world cratered in mid-September 2008, it is that black swans can be as numerous and messy as Canada geese.
Bill Gross, managing director and co-chief investment officer at Pacific Investment Management Co., will deliver the keynote address at InvestmentNews' ETF Insights online conference for financial advisers, which will explore the latest developments in exchange-traded funds.
When it comes to leveraged and inverse ETFs, seemingly every regulator and influential brokerage firm has recently voiced the opinion that these exotic vehicles - which can double or triple the returns (or short the losses) of a market index - are inappropriate for individual investors.
Tucked into proposed legislation that would place new compensation regulations on top corporate executives, Rep. Barney Frank, D-Mass., has specifically called for financial institutions to adhere to stricter executive pay programs that could potentially be subject to government approval.
Financial advisers are overwhelmingly in favor of adopting a uniform fiduciary standard for investment advisers and broker-dealers alike, and they also think that the industry should be governed by a single regulatory body.
Executives at Morgan Stanley Smith Barney have begun a round of layoffs in a bid to cut costs resulting from the massive merger of the two firms, which was completed last month.
Investors returned to mutual funds en masse during the second quarter, but appear to be proceeding with caution when it comes to riskier funds, according to a new report from Strategic Insight Mutual Fund Research and Consulting LLC.
Financial advisers are overwhelmingly in favor of adopting a fiduciary standard for all advisers, and they also think that the industry should be governed by a single regulatory body.
Oswald Grubel, who took over as UBS's chief executive officer in February, has elected not to sell the company's wealth management business here, despite speculation in recent months that he might offload this business.
Target date funds are ripe for regulation — a conclusion made abundantly clear at a joint Department of Labor and Securities and Exchange Commission hearing this month dissecting these popular retirement funds.
