Law and regulation

While investors piled $4.4 billion into U.S.-domiciled ETFs tracking emerging-markets this year, they pulled $244 million from similar funds in Europe.

International banks have been growing their wealth and asset management arms as balance-sheet lending and securities trading become less profitable.

These sources behind this trend could be dwindling at a particularly inopportune time in the event that fiscal stimulus causes the U.S. budget to balloon.

Firms must ensure that best interest practices are part and parcel of every investment deal.

Following a year of slowed deal activity, a PwC report addresses the added challenges managers face amid the developing economic, tax and regulatory agenda of the new administration.

Here’s what the president’s actions mean for advisers and firms.

Adjusting to the challenges, NICSA named Dan Houlihan, head of global fund services at Northern Trust, to chairman of its Board of Directors.

"My expectation is that a lot of firms are going to continue installing a best-interest standard, regardless," said Brian Graff, CEO of the American Retirement Association.

A trained accountant with little background in money management, Allianz’s Jackie Hunt has taken on a formidable challenge.

The “Pirates of the Caribbean” and “Edward Scissorhands" star accuses his onetime planners of fraud and negligence in a $25 million lawsuit. The former advisors have countersued.