If the emerging absolute-return exchange-traded funds succeed in delivering outsized returns at low cost, the one-two punch to the traditional mutual fund industry could gain steam, The Wall Street Journal reports.
One U.K. hedge fund manager,
These funds have the added benefit of offering daily liquidity, as they invest primarily in large-cap stocks traded on major exchanges. The six top-performing absolute-return hedge funds have delivered an average of 10.9% each year since their launch.
Forty-five percent of wealth managers say a disputed presidential election would hurt their business, according to a new Arizent survey.
Citizens Financial said long-time Morgan Stanley leader Paul Casey will spearhead its wealth, private banking units as part of a larger expansion in advisory services.
Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.
Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.
Even as ETFs in general enjoyed a bullish month, some funds lost billions of dollars. Here are the bottom 20.
It's that time of year again. Here's how to nominate a colleague — or yourself — for Financial Planning's Rising Star awards.
