Coronavirus pandemic a setback for fintech challengers? Big banks think so
Clients are gravitating toward the “biggest, stable institutions,” says Morgan Stanley CEO James Gorman.
Read MoreClients are gravitating toward the “biggest, stable institutions,” says Morgan Stanley CEO James Gorman.
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New floor of about $8,300 is meant to end the ‘$1 trick’ for brokers seeking quick clearing of records
The post SEC approves Finra rule setting minimum fee for expungement requests appeared first on InvestmentNews.
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The trend toward lower fees saved investors nearly $6 billion last year, according to data from Morningstar
The post Falling fund fees are forcing advisers to check under the hood appeared first on InvestmentNews.
Read MoreHailing from Merrill Lynch, Edward Jones and Waddell & Reed, the advisors join as both employees and independents
Read MoreJason C. Nielsen engaged in a 'pump-and-dump' scheme to boost interest in a biotech company in which he owned stock, hoping to sell his securities for a profit, according to a complaint filed by the SEC.
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There are opportunities in the defined-contribution world in the wake of the pandemic
The post The online evolution of retirement plan practices appeared first on InvestmentNews.
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The wirehouse is creating a new avenue for its 'client associates' to become full-fledged financial advisers
The post Merrill Lynch bets on its next generation of advisers appeared first on InvestmentNews.
Read MoreAs of late April, 12% of 816 companies representing 12 million workers had suspended matching contributions, according to a Willis Towers Watson survey. An additional 23% said they will or may halt them this year.
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Even though plan sponsors are offering easy access to retirement accounts, few workers have taken advantage of that
The post Few use CARES Act to tap retirement savings appeared first on InvestmentNews.
Read MoreThe resurgence in U.S. stocks from their Covid-19 crisis low in March, along with Biden’s recent strong polling numbers, have revived investor interest in the November election.
Read MoreFamily offices are increasingly turning to private markets as they look for early access to hot startups and seek returns beyond those of publicly traded securities.
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This marks the third deal of 2020 for the $390 billion aggregator
The post Captrust acquires $1.6 billion Indiana firm appeared first on InvestmentNews.
Read MoreThe newly independent advisor oversaw $92 million in client assets.
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DoubleLine executive's comments come as the spread between 5- and 30-year Treasury yields hits its steepest level since 2016
The post Rising rates may lead to Fed yield-curve control, Gundlach says appeared first on InvestmentNews.
Read MoreCOVID-19 has put the diabetic community on alert. Morgan Stanley’s Head of Philanthropy Management Melanie Schnoll-Begun, who has Type 1 diabetes, is in the thick of it.
Read MoreMonths after Fiserv’s wealth-tech business unit relaunched as Tegra118 under private equity firm Motive Partners, the firm is expanding retirement planning capabilities with RetireUp.
Read MoreHow the Fed proceeds is key for investors who have plowed into steepening bets, a move that peaked with last week’s surge in 10- and 30-year yields.
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The pandemic has pushed trade associations to virtual meetings to make their case with lawmakers
The post Why living-room lobbying may be here to stay appeared first on InvestmentNews.
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Pandemic is encouraging consumers to do business with larger companies, says Morgan Stanley's CEO
The post Banks cite gains against fintechs appeared first on InvestmentNews.
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