Finance

Advisor Group firm Woodbury Financial targets the bank brokerage channel.

Candidates need to demonstrate how they have improved their firm's marketing, technology or operations.

Direct ownership has dropped by $103 billion year over year — and by more than $300 billion since 2010.

The continued ascendancy of low-cost passive funds puts pressure on compensation overall, particularly in active management.

“It’s bad when this happens on a Friday, because then people get freaked out over the weekend.”

Compensation levels rose approximately 7% last year despite mounting industry challenges.

The new data will allow retail investors to better compare active and passive funds.

The money manager is also offering pension and 401(k) plans that exclude firearms from employee retirement programs.

The offering will either directly lend to businesses or invest in the credit of companies facing distress.

The $5.7 billion fund slumped 2.6% in premarket trading after finding itself in the crosshairs of tit-for-tat tariffs between the U.S. and China.