Many investors believe that shareholder activism provides only a short-term spike in equity trading prices, but a new study shows that results, including lean operations, can be long term. So reports Financial Advisor.
Brilliance isn’t essential for successful financial professionals and, if anything, can be a characteristic that makes employees hard to manage, says David Rubenstein, founder of private equity advisor The Carlyle Group. So reports Business Insider.
Robo-advisor Betterment has raised another $100 million in venture capital and plans to use the funding to build out additional advice products. Those include services on its 401(k) platform and additional features for use by financial advisors. So reports ThinkAdvisor.
The registered investment advisor community is quickly growing as clients increasingly prefer working with advisors who comply with the fiduciary standard, says Bill Van Law, president of Raymond James’s Investment Advisors Division. So reports Financial Planning.