Investments

A once-popular loan used to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks.

Given that almost one-third of leveraged loans are just a downgrade away from triple-C, even a modest slowdown could create a snowball effect of sorts.

Without a rollover, they can experience “untold impact to their plan for securing retirement," an expert says.

The downside for their clients, however, is it may obscure just how much credit risk they’re exposing themselves to.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

A successful financial plan is contingent on the success of the whole family, according to an expert.

The NHL team owner and famed asset manager’s challenges illustrates how the appetite for hedge funds has changed since he first got into the business.

The $10.1 billion fund’s star manager, well known for his contrarian investments, held on to a short position against U.S. Treasurys even as bonds rallied.

The top 20 nearly doubled their gains over the last year, data show.

The policy shift affects the wirehouse’s separately managed accounts.

SigFig reportedly lays off a percentage of its workforce, while a former Fidelity marketing chief joins Personal Capital.

Data reported by the Investment Company Institute.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

The strategy has in theory made no money for investors 42% of the time since 2018, new research shows.

The move follows similar offers from other major brokerages in the last two weeks, as firms race to woo clients with the lowest-priced products possible.

The RobustWealth and Wells Fargo acquisitions are boosting the firm’s technology and scale as firms of its type diverge on their approach to a changing industry.

When searching for the right plan, it is important that retirees assume their health will one day change.

The regulator’s expanding number of share-class cases fill in the details it says have been missing from Form ADV disclosures about conflicts of interest.

Broadly, hedge funds lost about 0.1% last month, paring gains for the year to about 6.2%, data show.