Despite the increasing popularity of passive funds, 77 percent of advisors say they would be open to putting their clients in an actively managed mutual fund that charges passive-like fees, with higher fees when the fund outperforms its benchmark index, according to a new survey by AllianceBernstein (AB). ...
Wealth Managers Have Nothing to Fear From AI There's been plenty of hand-wringing about artificial intelligence and the future of wealth management, but the head of research at Clearview Financial Media finds those fears overblown. In a recent report, the firm finds wealth managers fearing artificial intelligence as a potential threat to their jobs, perhaps exacerbated by the fact that most of their firms have taken an interest in the technology. ...
Bloomberg Adds Cryptos to the Terminal Bloomberg has added more digital currency prices to its terminal service. In addition to bitcoin, the firm has added the prices for Ripple, Ethereum and Litecoin to its service, serving as a validation of sorts for digital currencies, according to Fortune. ...
