Subject Root Tag

Global retail and retirement assets under management are set to cross the $70.4 trillion mark by the end of 2013, an increase of $20 trillion from 2008, according to new findings from Cerulli Associates.

Most advisors like to think they know a thing or two about marketing, but Dave Grant says he didn’t realized the impact his 3-year old would have had on building his business and its marketing strategy.

Can women trust you to be their advisor?

A Financial Industry Regulatory hearing panel has suspended former broker Anthony Grey for two years, fined him $30,000, and ordered him to disgorge $16,000 in ill-gotten gains for routing muni bond trades through his personal accounts before selling them, through his firm, to retail customers at excessive markups.

Morgan Stanley managing director Patrick Haskell has been appointed head of the institutional municipal business, the company announced this week. Haskell will oversee public finance and sales and trading in his new role.

BMO Global Asset Management is expanding its institutional sales and trust and custody units with the addition of Sean Curry as a relationship manager, consultant relations, and Kimberly Palleon as manager for trust and custody services.

Russell Investments has appointed Mark Schlafly as managing director of client solutions for the firm’s U.S. advisor-sold business.

On April 19, three weeks before he said the 30-year bull market in bonds was over, Bill Gross announced he was buying TIPS—Treasury Inflation-Protected Securities.

In the second quarter of 2013, wealth management and investment services generated $8.9 million in income, up $1.7 million, or 23%, from a year ago.

Two wealth management giants, JPMorgan and Wells Fargo, kicked off the second quarter with record earnings despite market and interest rate volatility.

Investors withdrew $43.8 billion from taxable-bond funds and $16.4 billion from municipal-bond funds, making June the worst month on record for bond funds in terms of total outflows, according to Morningstar.

Global assets under management are set to cross the $70.4 trillion mark by the end of 2013, an increase of $20 trillion from 2008, according to new findings from Cerulli Associates.

U.S. fixed-income mutual funds attracted investor deposits last week, rebounding from redemptions spurred by speculation that the Federal Reserve would scale back its unprecedented stimulus, while bond exchange-traded funds had withdrawals.

Over the past decade, firms offering clients their own investment products increasingly lost ground to those recommending an open architecture array of investment options from outside managers, but there has been a recent resurgence in proprietary management among wealth managers.

Bottom line: clients (and advisors) need to expect down periods. And, you need to be prepared to manage more emotions than money during your career as an advisor.

A majority of asset managers said the Federal Reserve’s recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.

Mutual fund liquidations have risen within the first six months of 2013 compared to the same period last year.

Municipal bond fund outflows for the week of July 10 rose to $1.2 billion from $870 million the prior week.

Four key senators introduced a bill Thursday that would effectively reinstate a Depression-era law that separated the investment and commercial sides of U.S. banks.

Sen. Elizabeth Warren and her colleagues are working to drum up support for a new bipartisan bill that would bring back a Depression-era law separating commercial and investment banks.