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U.S. Crude Market Driving Investors Away From ETPs

Michael Hasenstab, who manages the $70.1 billion Templeton Global Bond Fund at Franklin Resources Inc., said he is “more excited” about the prospects for Ukraine than he was a year ago.

The world’s biggest bond dealers, including JPMorgan Chase & Co. and Morgan Stanley, failed to properly report trades to the industry’s price-tracking system more than 11,000 times. JPMorgan’s penalty: About three minutes of its annual profit.

Bank of America Corp. is dismantling an electronic market-making unit created last year to serve the lender’s Merrill Lynch wealth-management division, said two people with knowledge of the decision.

Narrow investment strategies and narrow fund categories tend to result in worse results for investors.

Royal Bank of Canada, the first Canadian lender to report second-quarter results, posted profit that beat analysts’ estimates on record earnings from wealth management and a lift from trading.

Allison Couch's newly created role focuses on sales and distribution strategies across one of the industry's largest broker-dealer networks.

The fund association maintains the industry is already heavily regulated, and in the event of failure a single fund can exit the market in an orderly process with little disruption, unlike banks.

'We were not as proactive as we should have been,' the CFP Board says, rolling out two initiatives aimed at resolving advisors' incorrect fee-only disclosures on its website.

Advisors who host an event to lure the well-heeled often end up being disappointed. Here are six steps to do it right.