Investments

Planners trying to help clients steer clear of momentary panic by investing for the long term will find instructive episodes that often involve sports.

In an earnings call, an RBC executive says the firm decided to raise its account yields in response to higher Fed rates because "the right balance was to allocate some of that rising rate to our customers."

The deal comes an ongoing boom in private loans to businesses and consumers.

The wealth management giants join their rivals Wells Fargo, Morgan Stanley, UBS, LPL Financial and Ameriprise in being accused of using uninvested cash in advisory accounts to boost their bottom lines rather than benefit clients.

Several advisors answered the call with their strategies for tackling this potentially sticky situation.

UBS executives estimate their plan to raise rates on certain accounts will cost the firm $50 million. A new suit cites that as evidence that the firm "violated its obligations to its clients."

The active side of passive indices is on display as two of the largest present plans to undercut the weighting of the largest megacap companies.

Analysts say that firms that are forced to start paying clients higher rates may have to raise their advisory fees and cut costs to make up for the revenue losses.

Floating rate deals could spell the end of a golden age for direct lending.

Small-cap funds may be an attractive element of a diversified portfolio, but you wouldn't necessarily know that looking at the data from this year.