Finance

The wealth management unit took in lower revenue from the year-ago period — but executives say its transformation is going according to plan.

A bull decade doesn’t necessarily mean a zero-sum next 10 years, planners say.

The large number of closures in equities and “other” categories could not be offset by new additions, Index Industry Association research shows.

Jason Wenk, founder of Altruist, is ramping up for an end-of-year debut.

Appetite for cyclical plays like financials has picked up as trade negotiations between the U.S. and China show signs of progress.

Despite their high fees and double-digit returns, nearly all have even outperformed themselves so far this year.

The network of five IBDs with 4,400 advisors hasn’t made a final decision, according to Bloomberg News.

The expansion is intended to free advisors to spend more time on client-facing tasks, executives say.

Given that almost one-third of leveraged loans are just a downgrade away from triple-C, even a modest slowdown could create a snowball effect of sorts.

Female-founded startups receive less that 3% of all global funding, a report found.

CEO Dan Arnold described the firm's multipronged strategy for further growth.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

CEO Jim Cracchiolo says the firm is focused on “holistic advice rather than a free trade” after wealth management client assets reached a new high.

The NHL team owner and famed asset manager’s challenges illustrates how the appetite for hedge funds has changed since he first got into the business.

The $10.1 billion fund’s star manager, well known for his contrarian investments, held on to a short position against U.S. Treasurys even as bonds rallied.

The top 20 nearly doubled their gains over the last year, data show.

The policy shift affects the wirehouse’s separately managed accounts.

SigFig reportedly lays off a percentage of its workforce, while a former Fidelity marketing chief joins Personal Capital.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

The firm is finding it harder to squeeze more profit out of its wealth management business.