Michael Thrasher
WealthManagement.com
New York, NY, United States
Contact Michael
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Past articles by Michael:
Advisors See SEC's Reg BI as a 'Step in the Right Direction'
Many say the SEC's new Reg BI rules fall short of protecting investors, but most advisors are on board with the new standards of conduct. → Read More
Goldman Buys United Capital for $750 Million in Cash. What Does it Want?
Goldman Sachs has been quiet on its wealth management strategy. But the acquisition of United Capital brings it one step closer to being a major player. → Read More
UBS Clients Burned by Iron Condor Strategy
Some clients in the “yield enhancement strategy” say they suffered losses greater than 20% in an investment they were told was “conservative” and “low risk.” → Read More
Betterment Adds Dimensional Fund Advisors at No Cost to RIAs
DFA funds will be the first mutual funds offered through Betterment for Advisors. → Read More
Focus Financial Acquires Loring Ward to Merge with Buckingham Strategic Wealth
Focus Financial paid $235 million for Loring Ward with plans to merge it with Buckingham Strategic Wealth. → Read More
Merrill Lynch App Poses Threat To Third-Party Financial Tools
The brokerage’s mobile app is looking more like a bank’s—and offering services customers have gone elsewhere for in the past. → Read More
Larry Swedroe: ETFs? We Hardly Use Them
Buckingham Strategic Wealth’s director of research shares what he thinks are the limitations of exchange traded funds and what attendees should seek out at conferences like Inside ETFs. → Read More
Free of Paper and Fees, Betterment Users Can Now Donate Shares
It’s the first robo advisor to offer the feature. → Read More
Broker Protocol Administrator Delayed Public Notice of Morgan Stanley’s Exit
Morgan Stanley, protocol administrator appear to delay public announcement of pullout. → Read More
Merrill Lynch Reveals New Plan For Commission-Based IRAs
The brokerage is rolling out a commission-based retirement account on its advisory platform for investors who do not need ongoing, annual management. → Read More
FINRA Approves New Proposal To Reel In High-Risk Brokers
A comment period will follow a coming regulatory notice. → Read More
UBS the First to Bring BlackRock's Aladdin to Advisors
UBS advisors will now have access to a version that includes multi-asset portfolio analytics and one-click analysis of their entire book of business, a task that once took more than an hour. → Read More
Client Activity, UHNW Fueled a Strong Quarter For UBS
Pre-tax profits were up 79 percent to $1.3 billion year-over-year, with help from the wealth unit. → Read More
Advisors Have Benefitted From Innovation More Than Clients
Morningstar panelists agreed that improvements for customers aren’t evident yet. → Read More
Larry Fink on the U.S. Economy and Future of Financial Advice
BlackRock’s CEO is bullish on active management and the need for financial advisors. → Read More
Morningstar Seeks to Reinvent Risk Tolerance Tools
Most questionnaires advisors use to measure their clients aversion to loss are close to “useless” and don’t take into account a client’s biggest risk: Their own behavior. → Read More
Move Toward Holistic Advice Rings Out At Annual Morningstar Conference
Morningstar CEO and expert panel discuss ways technology is empowering advisors and changing financial advice. → Read More
Morgan Stanley Profits Jump 74 Percent
Overall, the Wall Street bank’s profits soared, while the wealth management unit set new records in profits, revenues and client assets. → Read More
Record Assets Flowed Into Merrill Lynch Last Quarter, Retirees Thin The Herd
Wealth Management was a bright spot in another bank's earnings. → Read More
Wealth and Investment Management a Bright Spot In Wells Fargo Earnings
Clients assets in WIM reached a record-high $1.8 trillion. → Read More