News Roundup (677)
News Article Are Predictive: Study
- Tuesday, 21 February 2017
- News Roundup
- Written by PFA News
A study by the Federal Reserve Bank of San Francisco has concluded that financial news has predictive power and may be a better indicator of markets than more traditional measurements, such as consumer sentiment. So reports Bloomberg. Read more...
Brokerage Firm Offering Free Trades Generates Strong Growth
- Tuesday, 21 February 2017
- News Roundup
- Written by PFA News
Robinhood Markets, which is a broker that charges no fees, has executed more than $30 billion in trades for more than a million customers since the company’s launch in December of 2014. So reports The New York Times. Read more...
Advisor Title Can Be Deceptive: Report
- Friday, 20 January 2017
- News Roundup
- Written by PFA News
A study of 25 brokers and insurance companies has concluded that the use of the title 'financial advisor' is frequently used for individuals who sell products rather than focus on clients’ best interest. That's despite the fact that the firms may tout offering financial planning services. So reports CNBC. Read more...
M&A Activity Soars Among Independent Advisors
- Friday, 20 January 2017
- News Roundup
- Written by PFA News
An increase in retiring advisors, a strengthening economy, and an improvement in financing availability resulted in last year being the busiest year yet for M&A activity among independent wealth management firms. That's according to a study by consultancy Echelon Partners, reports Reuters. Read more...
Vanguard CEO Provides Perspective on Recent Fee Cuts
- Saturday, 07 January 2017
- News Roundup
- Written by PFA News
Vanguard recently announcement that it has cut fees on certain index products and said the move is driven by its long-term commitment to offer low-cost funds rather than as a response to other firms cutting advisory expenses. That's according to Vanguard CEO Bill McNabb. So reports RIABiz. Read more...
Human Advisors Narrowly Beats Robo-Advisors in Client Satisfaction
- Sunday, 11 December 2016
- News Roundup
- Written by PFA News
A recent survey by the New York Financial Planning Association has determined that 75% of retirement investors are satisfied with their human advisors, which is only 2 percentage points higher than for investors who use robo-advisors. So reports FA Magazine. Read more...
Metropolitan West Displaces PIMCO with Massive Bond Fund
- Sunday, 11 December 2016
- News Roundup
- Written by PFA News
Metropolitan West has earned top bragging rights with its Total Return Bond Fund, which has $79.4 billion in assets, displacing the PIMCO Total Return Fund as the largest fixed-income mutual fund. So reports Bloomberg. Read more...
American Funds Exec Discusses Offering No-Load Funds
- Friday, 11 November 2016
- News Roundup
- Written by PFA News
American Funds’ decision late last year to offer all of its funds on no-load platforms at Fidelity and Schwab is intended, in part, to allow retirement plan investors to avoid having to pay a second commission if they want to keep using the firm’s products durnig IRA rollovers. So reports Morningstar. Read more...
FAs’ Interest in Annuities Drops Following Fiduciary Rule
- Friday, 11 November 2016
- News Roundup
- Written by PFA News
A Fidelity study has determined that financial advisors are less likely to recommend annuities to their clients following the Department of Labor’s fiduciary standard. So reports Financial Advisor.
Read more...LPL Recruits Team from Voya Financial
- Friday, 11 November 2016
- News Roundup
- Written by PFA News
LPL has recruited the Capital Financial Planning team, which is a hybrid RIA with $650 million in client assets that was previously affiliated with Voya Financial. So reports ThinkAdvisor. Read more...
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