The SEC's definition of the fiduciary Duty of Care makes any regulation difficult to enforce. It needs to offer a more concrete interpretation, one that focuses on the research upon which investment recommendations are based.
Will a reduction in central bank balance sheets, combined with higher interest rates, be a headwind to emerging markets and high-yield bond funds? Historically, there is correlation.
Investors saved roughly $4 billion in expenses last year, according to a Morningstar report, as U.S. open-end mutual funds and ETFs came in at an asset-weighed expense ratio of 0.52 percent, on average, down 8 percent from 2016 - a record drop. ...
Report: Wealth Managers Are Too Complacent Despite strong profits in 2017 and a shake up in revenue streams, wealth managers are still precariously situated for a market downturn, according to a new report. Global financial wealth of HNW investors grew by 7 percent last year, noted Oliver Wyman and Deutsche Bank, but wealth managers have not focused enough on setting themselves apart from the pack: revenue models are still too closely linked to equity markets. ...
HBKS Wealth Advisors Takes Minority Stake in K-Coe Wealth Management Two accounting firms are partnering on offering wealth management services, according to Accounting Today. HBK CPAs & Consultants’ affiliate HBKS Wealth Advisors is acquiring a minority stake in K·Coe Isom LLP’s subsidiary K·Coe Wealth Management LLC, the firms announced. ...
