Money Management Executive Latest News

Despite declining trading activity industrywide, Charles Schwab Corp. announced Wednesday that it expects third-quarter results will be in line with the previous quarter.

Young millionaires doubt the value of financial advisers, according to Spectrem Group.

Fixed-income funds held their siren-like draw for investors, contributing largely to long-term mutual funds’ $16.8 billion in inflows in August, according to a Morningstar analysis.

State Street Global Advisors has launched a global natural resources exchange-traded fund.

Most American households are confident that their post-crash austerity is paying off, according to a survey by Weber Shandwick and KRC Research.

Advisers are turning to annuities, using tactical asset allocation and continuing to move to fee-based business models, as they cope with the effects that the sluggish economic climate is having on their practices, according to findings from the Russell Investments' Financial Professional Outlook.

An AP-CNBC poll released Tuesday shows 61% of investors wary of individual stocks due to recent market volatility, but 62% point to mutual funds as a good or somewhat good investment vehicle. That had mutual funds beating out bank savings accounts, cited by 51%, and both bonds and real estate, which each scored 50% of investors’ backing. Exchange-traded funds received a thumbs-up by only 26% of the 1,035 respondents.

The U.S. economy is on an expansionary, albeit sluggish, path—not toward a double-dip recession, says BNY Mellon Chief Economist Richard B. Hoey. In the near term, however, hold onto your hats: The “most pronounced weakness in the U.S. economy” will become apparent in the second and third quarters of this year, he says.

Altegris Advisors has launched the Altegris Managed Futures Strategy Fund, an actively managed mutual fund aimed at both retail and professional investors. In launching the fund, the alternative investments manager noted that in the past decade, U.S. stocks declined 17%, but managed futures gained 122%.

Government workers are not sitting pretty on top of fat future pensions. More realize that their pensions could be under pressure in the future, and that their government employers are shifting more of their retirement burden onto workers. The smart government and municipal employees—especially those who are slated to only receive a partial pension and are being guided to save in a 457 or other defined contribution plan—are looking to save more.