Economy & Markets
The important economic and stock market news that advisors need to know.
401(k) Lawsuit Accuses Morgan Stanley and Board of Self-Dealing
By Hugh Son, Andrew HarrisA former employee says Morgan Stanley knows exactly who should buy its worst performing funds: the banks own workers.
August 19, 2016
How Are Rollovers Treated Under the DOL Fiduciary Rule?IRA rollover advice is often rendered in the context of cross-selling, and cross-selling practices by their nature create potential conflicts of interest.
August 19, 2016
Index Funds Outperforming, and Outlasting, Active Funds: MorningstarMorningstar concludes that mutual fund and ETF fees are the "only reliable predictors" of fund investing success.
August 17, 2016
Treasuries Gain as Minutes Show Fed Officials Split on Rate HikeFinancial markets had been expecting a more hawkish outlook for rates, but instead the minutes showed a multitude of opinions on when to hike.
August 16, 2016
Fund Managers Reduce Cash Positions, Boost Equities: BofA Merrill SurveyThe August BofA Merrill Lynch fund manager survey shows more optimism about the global economy and equities, especially U.S. and emerging market stocks.
August 16, 2016
The 5 Deadly Sins of InvestingThese five misconceptions will only deliver you and your clients the wages of investing sin.
August 16, 2016
NY Fed President: September Fed Rate Hike PossibleWilliam Dudley says market expectations of one rate hike before year end are "too low" given that growth and inflation forecasts are rising.
August 15, 2016
Summer Brings $54.6B in Active Equity Fund Outflows: MorningstarStill, two fund groups are attracting assets to both their passive and active products, the research group says.