More about InVest: As new digital tools transform wealth management, the industry’s largest players are rushing to adapt to ever-increasing customer expectations, while smaller firms strive to keep pace. Behind the scenes, many are investing more on technology and hiring to drive growth, but margins remain under pressure. In|Vest West is exploring all the dynamics at play — from front to back office — and the technologies that are shaping the future of the firm.
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Mortgage rates slid further this week, as the conforming 30-year fixed loan fell below the 3% mark for the first time in the 50 years Freddie Mac has tracked this information.
July 16
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Fixed-income trading revenue almost tripled, driving a 73% jump in total trading that surged past expectations.
July 16
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Investors may be put off by the costs associated with these funds, which had an average expense ratio of more than triple their peers.
July 15
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The two companies have deep ties and are now formalizing the bond.
July 15
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The shift comes after the bank reported its first quarterly loss since 2008.
July 15
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Sean Campbell is chief economist and head of policy research at the Financial Services Forum.
July 15
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Bryan Statham is CEO of RxBenefits, a technology-enabled pharmacy benefits optimizer (PBO) with more than 500 pharmacy pricing, data, and clinical experts working together to deliver prescription drug program savings to employee benefit consultants and their self-insured clients.July 15
