Investment management firm Invesco has acquired Jemstep, one of the first online automated investment platforms in the financial services industry, in the latest bid to offer more robo-technology to traditional advisers.
The firm's CEO sees opportunities in the looming disruption. <b><i>(Fiduciary Focus: <a href="//www.investmentnews.com/section/fiduciary-focus"" target=""_blank"" rel="noopener noreferrer">Follow the latest news and developments on the DOL rule change</a>)</i></b>
We are always telling clients not to throw good money after bad. That advice applies to us as well.
CEO James Gorman says DOL's fiduciary rule isn't "the be-all and end-all" for the bank's brokerage business.
The rule is likely to unleash a wave of software upgrades and business relationships that will result in greater efficiencies for advisory firms.
One of the most intractable issues facing the advisory business is the severe imbalance in examination frequency between broker-dealers and RIAs.
The financial industry generally has not barked about the final fiduciary rule, but that doesn't mean that it won't eventually bite.
Increased SEC scrutiny may be making ETF providers uncomfortable, and the industry may soon have to adapt to new regulations. </br><b><i>(More: <a href="http://www.investmentnews.com/section/specialreport/20160417/ETF042016" target="_blank">The full Spotlight on ETFs special report</a>)</b></i>
Advisers should encourage clients to avoid taking on too large a loan in the first place, and implement repayment strategies to quickly pay down debt.
Reduce your reliance on people by increasing your use of technology and have the ability to expand beyond your geography.
File and suspend's elimination doesn't mean advisers should put Social Security planning on the shelf.
Each adviser approaches their clients from their own place in the wealth management “stack," which has a huge impact on your relevance, pricing and future viability.
The first installment of InvestmentNews' new <i>Fiduciary Focus</i> column looks inside the political wrangling taking place as the fiduciary rule nears finalization.
The median base salary for an engineering-focused summer intern comes out to $81,600 a year &mdash; often without salary negotiations.
Numbers need to be in a visual format that conveys how clients are reaching their goals and making money.
The great-grandson of President William Howard Taft shares what he's thinking about his post-RBC career &mdash; including whether he will step into politics.
Goldman Sachs has agreed to acquire Honest Dollar, a mobile retirement savings platform that works with those who do not have access to an employer-sponsored plan.
Government focus on rooting out financial crimes includes proposals to get advisers more involved.
New business models, heavy compliance costs and figuring out 'reasonable' fees are among the items giving IBDs fits.
The broker-dealer didn't account for reserves needed to cover loans secured with customer assets.
