New report cites potential costs of systemic risk designation for asset managers
Proponents of the strategy tout its effectiveness in any rate environment.
Personalized financial advice should take cues from the robo-adviser trend/
Consider the followings ways in which having deeper conversations about client goals might make your job easier and improve your clients' behavior.
At its annual conference, the ICI contended that mutual fund investors would be hurt by risk designation
Sarah Bianchi, the director of economic and domestic policy for Vice President Joe Biden, was hired as a managing director in its advisory unit.
Low-cost index funds capturing 25% of new assets but drive just 5% of revenue.
New unit will influence product selections for 15,000 advisers managing $1.6 trillion in assets.
<i>Breakfast with Benjamin:</i> Carl Icahn warns that stocks are on risky ground. Plus: Interest rates and volatility are raising red flags, one man's take on the Fed-fueled bubble, the SEC is watching for political-donation conflicts, gold gets no respect, and institutional money is chasing solar energy stocks.
At ICI conference, Mary Jo White discusses money markets, FSOC.
The SEC appears to be pushing ahead with its money market mutual fund reform. The question remains which funds will escape the agency's float proposal; for brokerages and retirement plans, the devil is in the details.
<i>Breakfast with Benjamin:</i> Barclays: Following in the footsteps of Sallie Krawcheck. Plus: The volatility play: Cheap but risky, bond managers brace for higher rates, dancing around the issue of student loan debt, and a potato salad venture whets the tax man's appetite.
“Ameriprise delivered another strong quarter,” CEO Jim Cracchiolo said in a statement. “Revenues and earnings were up nicely and our operating return on equity reached a new record of 20.8%.”
<i>Breakfast with Benjamin:</i> Buckling up for a rocky second half. Plus: Companies tweak bylaws to tamp down shareholder lawsuits, Morningstar settles software piracy case, JPMorgan embraces smart-beta investing, and buying beer stocks when it's hot outside.
On "60 Minutes," author Michael Lewis made a bland assertion: High-frequency traders, he said, working with U.S. stock exchanges and big banks, have rigged the markets in their own favor. The only surprising thing about Lewis's charge was that anyone could be even remotely surprised by it.
Today's <i>Breakfast with Braswell</i> covers investors missing out on the Dow's latest rally, another gender bias suit hitting Wall Street, and much more.
Fund flows contain useful information that advisers can use to gauge the popularity of different trading strategies and identify changes in market focus.
<i>Friday's menu:</i> Jobs report looks past winter blues; investing in weed for a pot of gold; GM execs get PR all wrong; five funds set to bounce: jumping on the HFT bandwagon, and when the rich don't feel rich
