Investments

There are risks of contagion to other countries, but "it will take a significant amount of time to see how all that unfolds," says Federal Reserve Bank of Dallas President Robert Kaplan.

The reductions will save current investors about $20 million annually and bring the average expense ratio for the funds to 10.2 basis points.

Holdings in gold-backed ETFs rose 7.6 tons to 1,947.9 tons on Wednesday, the highest level since September 2013.

Neil Menard, group president CNL Capital Markets and president of CNL Securities, said that there is still much industry uncertainty about managing change.

Fixed income has posted steady returns in these markets, while once high-flying equities have come crashing down.

The firm's decision has advisers and clients questioning the investment policies and maturity of the digital platform.

Automated advice can provide efficiency, but it is not going to be for every adviser, says LPL's chief information officer, Victor Fetter.

The acquisition enables Zurich-based GAM to introduce a computer-driven trading system focused on long-only and alternative strategies, the fund manager says.

The reductions will save current investors about $20 million annually, the firm says.

Sending performance statements every 90 days can undercut planning goals. There is a better way to keep clients informed.

The five worst-performing major equity funds -- each of which lost about 10% -- focus on international investing and hold anywhere from 12% to 20% of their assets in bank stocks.

Even as markets regain footing after vote turmoil, there is still a “dark cloud” that advisers must be ready to discuss, says Greg Valliere, chief strategist for Horizon Investments.

Just about everyone in financial services wants to offer these retirement planning advice to wealthier boomers, but this firm rises to the top, says Tech Tools' columnist Joel Bruckenstein.

How technology, the popularity of defined contribution plans and increased competition from ETFs have transformed the way fund companies sell their products to investors and advisers.

The former Fed chairman also says that Scotland and Northern Ireland are likely to break away following Brexit, a "terrible mistake."

It’s time for professional planners, as opposed to sales agents, to define themselves accurately in the public mind. To do it, you need to use key words and phrases with crystal clarity.

Post-Brexit, many clients may want to sell, but others could see the volatility as a boon.

Banks are lining up behind Capital One to launch robo platforms even as they gird for an initial hit to their brokerage business.

Strategists across Wall Street have been paring back 2016 calls on benchmark Treasury yields, as expectations for global economic growth decline and central banks in Europe and Asia introduce additional policy easing.

"This is the new normal -- politics could add more volatility to all financial assets," said Barbara Reinhard, head of asset allocation for multi-asset strategies at Voya Investment Management.