Coronavirus

With the industry facing ridicule for high fees and low returns, clients have pulled a net $33 billion from the industry in the first quarter, the most over a decade.

The percentage of workers who say they are ready to retire has dropped by more than 5% in last month, a survey found.

Find more information and the nomination form for Financial Planning's recognition of people, leaders and firms that have demonstrated innovation in response to the coronavirus pandemic.

XY Planning Network says about 250 students and 50 firms have responded to a new virtual internship program it launched to fill the gap.

A new fund from Pacer ETFs will track an index of companies offering products, technologies and services that are currently in high demand.

Dubbed Disco III, the fund will target leveraged loans, high-yield bonds and collateralized loan obligations.

Some of the industry’s largest names took a hit in last month’s market tumult, including funds run by Ray Dalio, Michael Hintze and Adam Levinson.

As part of our effort to probe the impacts of and responses to the coronavirus pandemic, Arizent has been conducting surveys of leaders in financial and professional services. We ask you to take part by completing our newest 10-minute survey, and look for results in upcoming editorial coverage.

My broker-dealer warned that since it’s a forgivable loan it could be seen as a compromise with creditors.

About 5,500 large customers of the commercial banking business applied for funding. Nearly all of them got loans.