Peter Kohli, the CEO of DMS Advisors, allegedly stole money from investors as the funds neared collapse.
Online brokerage said to attract interest from rival TD Ameritrade.
Long bull market, big outflows from active funds are the main culprits.
Plus: BlackRock applies more low-fee pressure, the fallout from the falling pound, and don't work where you don't belong
Robertson also says he won't vote for Trump and will pick the Libertarian party instead.
The primary reason: TDFs built on institutionally priced mutual fund shares or collective trusts can produce as low or lower fees than ETFs.
Some fund share classes could be on the way out, according to a new report from S&P Global Market Intelligence.
Plus: DOL rule puts advisers between clients and target-date funds, big dividend yields for those with a strong stomach, and companies lean toward auto-IRAs
Five candid responses on the economy, Fed policy, jobs, China, and North Carolina barbeque.
Plus: The next stock market move, the dividend buzz, and being a leader no matter what.
Former head of two microcaps worked with boiler room operator whose agents pressured investors and promised them lucrative profits.
New regulatory environment calls for a more holistic evaluation process.
Plus: Trump would dump Yellen, bracing for the next housing bubble, and 401(k) realities that should not be ignored
Plus: The dirt on negative bond yields, long-term investing in a short-term world, and switching banks
The DOL fiduciary rule and competition from robo-advisers will continue to result in pricing pressure.
Management will be rewarded for beating the S&P 500, a first for the growing industry.
The eleventh sector of the index alters the dynamics of the financial sector.
The new sector has 28 issues with a market value of about $605 billion.
Sales of nontraded REITs have fallen off a cliff as the brokerage industry struggles to adapt to new regulations.
