Alternative investments

The ultrawealthy are taking more conservative positions this year, but younger investors are still bullish, according to a recent industry study.

Richard W. Davis also took $1.5 million in fees while he was entitled to just $150,000, the commission alleges.

The S&P 500 Equal Weight Index is up 19% since equities bottomed in February, beating the conventional benchmark by the widest margin since 2013.

Patience is a virtue, but advisers can suggest it as a portfolio diversifier that clients can actually control.

The latest deal with heavyweights including Eaton Vance challenges industry predictions that robos would die off.

The shift to passive has caused much soul searching, not to mention cost cutting, at some of the world's biggest money managers.

Smart-beta styles underlie about one in five ETFs globally with an estimated $400 billion under management, and if they plunged, millions of investors would be burned.

French serve as head of beta solutions, the money manager said in a statement.

Voices: Even independent advisors have some adjustments to make. Here are some of the most important, according to managing director of TD Ameritrade Institutional.

Transamerica will be offering smart beta ETFs from BlackRock.