Morningstar says the ideal high-return, low-correlation ETF does not exist
Cheaper access to foreign markets pushed US and foreign stock correlations higher since the 1990s, the analysis finds.
RIA deal count falls 17% as $5B sellers set record, DeVoe says
Mercer Advisors refinanced $1.9 billion in a Goldman Sachs-led loan, cutting the rate by 1.75 points and saying the savings will fund acquisitions.
Ameriprise adds three RBC teams with $1.2 billion; Wells Fargo adds $900 million
The RBC teams cited Ameriprise's technology platform and planning capabilities; Raymond James added a $245 million UBS team in Paramus, New Jersey.
Nationwide survey: 56% of investors anxious about midterms' effect on savings
Forty percent of investors changed their retirement savings or portfolio ahead of the midterms, and 73% want an adviser to explain the election’s financial impact.
Trust & Will announces Nevada-chartered trust company for sub-$10M clients
The digital estate-planning provider says it will offer no-minimum trust administration and target households below $10 million, a market its CEO says existing corporate trustees have left largely unserved.