Portfolio

ValueAct likes Morgan Stanley’s shift to asset-light, fee-based businesses such as wealth and investment management, and said CEO James Gorman has shifted the bank to “growing fee streams that do not require much equity capital to grow.”

Could there be a limit on how many ETFs the world needs?

The Windfall Elimination Provision may reduce the amount of retirement income clients are expecting.

After taking away CFPs' right to sue the board, it makes two concessions to critics. Still, the process points to governance problems at the board, Michael Kitces says.

Traders have piled into global equities, heartened by deal activity and better-than-expected corporate earnings.

Some seniors shop around for the most affordable health insurance and less expensive drugs every year.

Two veteran advisers opened a new office for the firm.

If your clients are looking for income, these funds have the highest expected dividend payments compared to current prices.

By buying EverBank Financial, the insurance and retirement savings behemoth will gain billions of dollars in low-cost deposits and access to many new lending products that it can offer to millions of clients.

Interest on municipal bonds doesn't always boost a return the way a client might expect. Plus the big savings from having highly appreciated company stock in a retirement account.