Rydex aims to ‘own’ equal-weight-ETF market
Firm has launched six such funds in the past two months – with more on the way
Fund manager takes distrust of Congress to new level
Portfolio manager Eric Singer goes to cash whenever legislative body is in session
Oh, the humanity: Hindenburg Omen goes down in flames
Last August, a well-publicized technical indicator called the Hindenburg Omen predicted an impending market crash.
Mariner buys CBIZ wealth business
The 24-employee unit will continue to work out of seven different cities
Raymond James picks up $150M team from RBC
Raymond James Investment Advisors has landed a $150 million in assets team from RBC Wealth Management.
Custodians heighten scrutiny of new and veteran advisers
Custodial firms have been raising the compliance bar for registered investment advisers, in some cases making it tougher for them to find a home.
Charles Schwab recovering from heart surgery
Charles Schwab, chairman of the Charles Schwab Corp., is recovering from heart surgery, the company said today.
Finra offer to set up a testing program for RIAs falls flat
A proposal by Finra to develop a qualifying test for investment advisers has received a cool reception from adviser groups, which claim that it is part a continuing campaign by the regulator to broaden its powers
Fidelity Investments announces another reorganization
Fidelity Investments last week named Abigail Johnson and Ronald O'Hanley to top roles after splitting responsibility for running the company.
Firms declare war on deadbeat brokers
An increasing number of brokers appear to be skipping out on paying back what they owe on promissory…