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.

The firm is hosting virtual meetings with prospective hire as it seeks to further its growth.

Clients may consider rebalancing their portfolio more often to address asset allocation shifts as a result of the downturn.

Venture capital investment has plummeted in many coronavirus-ravaged economies, but larger, profitable fintech firms with the right digital products might still score funding.

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

“These funds got an assist from the Fed when they were told they would backstop the higher end of the high-yield credit industry,” an expert says.

CEO Larry Fink has provided the federal government insight on coping with the fallout from the pandemic.

Private equity points to the birth of the advisor independence movement as proof they’re in it for the long haul.

The setback for the hedge fund, which slid as much as 14% in the first quarter, is another example of the turmoil wrought by the coronavirus.

As coronavirus roils the economy, planners have a rare opportunity to show their worth and lock in client loyalty.

It’s one of several ways that the firm is working to keep growth plans on track.