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November 13th, 2019 |
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| MSSB Share Class Calculator Errors Led to SEC Settlement | |
According to the SEC, Morgan Stanley Smith Barney’s share class calculator had two operating errors that caused it not to provide the most beneficial share class to eligible customers; the firm was also accused of not consistently providing this benefit to certain eligible clients.
Read more > | | | Advisor Group and Ladenburg Thalmann to Merge Forces | | News of the merger comes during what has already proven to be a record year for M&A activity among registered investment advisers and wealth managers. According to the newly released Fidelity October 2019 Wealth Management M&A Transaction Report, the month saw 12 RIA transactions representing $9.2 billion in assets. Compared to October 2018, the number of transactions were up 33%, with a 77% increase in AUM.
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| Sponsored message from Transamerica | | Show plan participants how to redefine retirement | | *
Read more > | | | Issues That Trigger a TDF Lawsuit | | Target-date funds were created, in part, to be a safe investment in 401(k) plans. But recently, a wave of lawsuits has crashed against some of those funds.
Read more > | | | Is Fixed Income Working? | | Interest rates are cyclical creatures, and at some point they are likely to stand far higher than they do today. But the accompanying chart demonstrates the dark side of the cycle, plotting the yield of the 10-year Treasury note from 1962 through the present.
Read more > | | | Market Mirror | | Tuesday, the Dow was virtually unchanged at 27,691.49, the NASDAQ climbed 21.81 points (0.26%) to 8,486.09, and the S&P 500 increased 4.83 points (0.16%) to 3,091.84. The Russell 2000 gained 0.35 points (0.02%) to finish at 1,595.12, and the Wilshire 5000 closed 40.51 points (0.13%) higher at 31,488.10.
The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.914%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 2.382%.
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