Portfolio

Scott Powers retires as head of State Street Global Advisors in Boston.

Ronald O’Hanley, who stepped down last year as head of Fidelity Investment’s asset management business, is set to run State Street Corp.’s $2.45 trillion investment arm.

Floating rate funds offer solid income, but can be extremely volatile.

The advisor, now barred from FINRA, allegedly violated his firm's policies and FINRA rules when he borrowed money to build a oceanfront vacation rental.

The pace of RIA dealmaking has leveled off over the last few years, with no increase in the number of deals over the previous year and aggregate AUM acquired ticking up only slightly to $47.4B from $43.7B, according to new data from Schwab Advisor Services.

With the inclusion of data analytics, wholesaler compensation can be adjusted to put more attention on asset retention, says Matthew Fronczke, a director of research at kasina.

Growth and value funds both have generated profits for the past years, but which is higher? Take a look at the five top-performing funds in each broad category.

Long, who oversaw 400 advisors at Wedbush, parted ways with the firm earlier this month.

The overall retirement system in the U.S. works, but a few improvements are necessary as people need guidance on how to grow their savings, experts say; Plus, the steps retirees need to take in order to live comfortably and not outlive their money.

"We're monitoring the situation in Indiana pretty closely, and will consider a range of options," says NAPFA chief executive Geoff Brown.