A lawyer who represents investors in disputes with brokerages says online inspections of branch offices will increase his business in a bad way. Trade groups representing brokers say easing the requirement for onsite reviews better aligns supervision rules with the hybrid work environment. Those divergent opinions arise in the wake...
Big banks are beating their competitors when it comes to customer satisfaction with wealth management and planning apps, according to a report Tuesday from J.D. Power. Overall, full-service wealth management clients are happiest with the mobile apps and websites at Citi, J.P. Morgan Private Clien Learn more about reprints and licensing...
InvestmentNews’ first 5-Star Fund Providers and 5-Star Research Platforms will recognize the industry’s best providers and platforms based on customer service, ease of access, transparency, and more. Complete the survey here. As an added incentive, you will be entered for the chance to win one of five $50 Amazon gift cards. The...
In the face of sharply rising interest rates, headlines about half-empty office buildings and investors pulling money from products, sales of nontraded real estate investment trusts fell hard this year, with the industry raising $9 billion through September after successive years of more than $30 billion in new capital....
Much like playing a game of Monopoly, a recent study from Tufts University finds that when people are more wealthy, it’s because they’re lucky — a result of just pure randomness. The study’s findings, originally published in SIAM News, suggest even if everyone were equally talented and followed the same...
Morgan Stanley co-president Andy Saperstein has been diagnosed with cancer and plans to keep working as he begins to receive treatment. “I’m young and in otherwise good health,” Saperstein, 56, said in a memo to employees Tuesday. “That gives me great confidence as I begin the process of starting treatment...
For many advisors, life at their firm isn’t what it used to be. Increasing bureaucracy, rising compliance restrictions, and diminishing freedom over investments and client communications are issues we hear about every day. Yet many advisors choose to stay the course since it’s still Learn more about reprints and licensing for...
Long-term financial goals are losing their priority status to immediate need as millions of Americans grapple with the cost of living. Retirement savings may be an essential pillar of financial planning but new stats from Fidelity Investments show that average account balances decreased in the third quarter of 2023, while...
Husband and wife financial advisors Kevin Okim, CFP, and Deborah Okim, CFP, AAMSTM, have made a big decision to switch affiliation after more than two decades with their old firm. “It was not an easy decision for Kevin and me to transition from our previous firm after two decades, but...
For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work. That’s the message from Capital Group, DoubleLine Capital, Pimco and TCW Group. And it comes as many fixed-income managers are still licking their...