As indexes got snatched up by exchange-traded fund launches, firms turned to more and more esoteric investments. But with the popularity of the $604 billion ETF industry growing so quickly—assets are up 64$ or $54 billion over the past year—newcomers to the field are going back to the basics, The Wall Street Journal reports.
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But some industry watchers don’t think the new ETFs will be able to compete with entrenched players, like
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
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