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Fidelity fee match spells relief for investors, says Morgan Stanley
Investors can “breathe a sigh of relief” as Fidelity Investments matched rivals instead of escalating a recent price war, according to Morgan Stanley. [More: Fidelity eliminates commissions on online...
View ArticleFlight to safety is biggest since Lehman Brothers collapse
Investors haven’t been this bearish since the collapse of Lehman Brothers. At least that’s what their positioning is signaling, according to Bank of America Merrill Lynch strategists. Over the past six...
View ArticleRed Zone Calculator
Do you have any clients below an optimal profitability level? Armed with InvestmentNews data, this tool determines your client’s profitability. Complete the information below about your overall client...
View ArticleGrowing your practice beyond you
Picture this — you’re on a boat. The boat is sinking and you’re trying to plug the leaks, but new holes keep popping up. At this point, you don’t know whether you’ll sink or float. This situation may...
View ArticleMichigan pension fund pulls $600 million from Ken Fisher
The State of Michigan Retirement Fund’s pension account, worth more than $70 billion, ended its relationship with the investment firm of Ken Fisher in the latest backlash to offensive remarks the...
View ArticleSell but stay, and watch your business grow
I spoke at a conference recently, and I couldn’t help but notice the advanced ages of many of my peers. The fact is that our industry is full of advisers who are approaching retirement age. And, in...
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Fidelity pulls $500 million from Fisher
Fidelity Investments is pulling the $500 million it has invested with Ken Fisher’s investment firm, according to people familiar with the matter. The move by the mutual fund giant is part of a growing...
View ArticleMerrill duo managing $700 million joins RIA
Robert Marton and John Bute, who managed $700 million at Merrill Lynch in Boca Raton, Fla., have joined Lido Advisors, a registered investment adviser headquartered in Los Angeles. [More: See more...
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Los Angeles pulls $500 million from Fisher
The Los Angeles fire and police pension decided to pull about $500 million from Ken Fisher after a contentious board meeting with representatives from the firm. On Thursday, the pension joined New...
View ArticleGoldman joins retreat from Fisher’s firm
Goldman Sachs Group Inc. is joining the exodus from Ken Fisher’s firm. The Wall Street bank said Friday in a regulatory filing that it will be dropping Fisher Asset Management as the underlying manager...
View ArticleNavigating the RIA ecosystem
Picture a tree in a forest. You’re likely picturing this tree as a singular entity. But, there’s a vast and unseen network of interconnectivity beneath the surface. Several years ago, scientists...
View ArticleNorth Carolina-based firm acquires $600M RIA founded by Arthur Laffer
ButcherJoseph Financial Holdings, an affiliate of the Charlotte, N.C.-based investment banking firm ButcherJoseph & Co., has acquired Laffer Investments Inc., a Nashville, Tenn.-based RIA managing...
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Fisher Investments won’t take no for an answer, prospects say
The hard selling was relentless, even infuriating, prospective customers said. Marketers called their homes, spammed their work email and impersonated friends, colleagues and government officials....
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For ETFs, there’s a dark side to zero-cost investing
If something sounds too good to be true, it probably is. There’s a dark side to the wave of cost cutting that’s swept through the exchange-traded fund industry over the last 12 months. While every mom...
View ArticleThere is no opportunity cost with a Roth conversion
As the year winds down, financial advisers will be asked about the tax and retirement benefits of a Roth conversion. An accurate evaluation should address both the benefits and drawbacks. This is...
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