Osaic and three subsidiaries were sued today in federal court by investors who alleged the firms breached their fiduciary duties by profiting from their cash sweep accounts at their clients’ expense.

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including a call to end the carried interest tax break used by private equity fund managers and expand the ...

Advisors want alternative products that are easy to understand and use, a BNY white paper found. traditional ones.

Those that emerged on top in the high-grade list favored shorter-dated bonds. The Principal Spectrum and Capital Securities Income Fund handed investors a total return of 9.81% last year, making it ...

He found out he’d be getting the job just one day before the firm announced, in October, the firing of company veteran Dan Arnold for cause – and without payment of severance or outstanding equity ...

At least one firm founded three years ago wants to buck that idea: New York City-based research firm GammaRoad Capital Partners. The firm’s idea is that it can limit the losses of down markets but not ...

It is the predictable result of a major U.S. and Western policy failure, for which the AI industry itself bears much of the blame. China’s growing AI capabilities were well known to the AI research ...

The advisor industry is awash in professional designations, but all take time and most take money. On top of that, clients probably do not know one designation from another, according to Jerry Schreck ...

Hedge funds are seizing the rising tide of opposition to European ESG rules as an opportunity to seek exemptions from some environmental, social and governance reporting requirements. At issue is ...

Serial acquirer Wealth Enhancement Group (WEG) has acquired Capstone Wealth Advisors, a Salem, Ore.-based firm with more than $618 million in assets under management according to a news release. The ...

CFP Board CEO Kevin R. Keller will retire from the organization at the end of April after serving in the position nearly two decades, the standard-setting advisor organization announced. The CFP Board ...

Initial applications for US unemployment benefits picked up last week but remained relatively subdued. New claims increased by 11,000 to 219,000 in the week ended Feb. 1. The median forecast in a ...