Morningstar founder Joe Mansueto will step down from his position as CEO of the company and will serve as executive chairman starting in January 2017. Kunal Kapoor, who has served as president since October 2015, will assume the CEO role...
(Bloomberg View) -- Financial crises are becoming more frequent as markets and the rules that govern them grow ever more complex. New research suggests that this is no coincidence -- and that a simpler system would be a lot more resilient...
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More Americans are concerned about reducing their debt than investing and saving for the future, according to a new report by BMO Wealth Management. The report, which polled 1,018 adults online, found that 31 percent said debt...
Raymond James completed its acquisition of Deutsche Bank’s U.S. private client brokerage over the weekend, which it has rebranded to Alex. Brown. With the firm’s integration behind them, the Raymond James unit will now focus on aggressively recru...
BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, U.S. Securities and Exchange Commission officials said.
(Bloomberg) -- The summer of 2016 was very good to America’s bond investors. Trading was leisurely enough, volatility was low and profits rolled in nice and easy as prices climbed higher...
Russia is the country with the highest wealth inequality in the world, according to a new report by New World Wealth. The report found that 62 percent of Russia's wealth is held by millionaires and 26 percent of its wealth is held by billiona...
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Nearly three-fourths of high net worth investors are worried about identity theft, ranking it higher than terrorism (65 percent) or a major illness (56 percent), according to a new Morgan Stanley Investor Pulse Poll. The poll ...
Cetera Financial Group’s 9,000 financial advisors have a new chief. The broker/dealer network confirmed reports Thursday that non-executive chairman Robert Moore, former president of LPL Financial, will take over as CEO Sept. 12, replacing...
