In welcome move, SEC offers alternative to DOL’s fiduciary rule

Under chairman Jay Clayton, the SEC's move to create an alternative to the DOL's fiduciary rule is being welcomed by the broker-dealer community.

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Wells Fargo’s advice for 2017: look beyond day-to-day volatility in global markets

If investors were looking solely at recent disruptive global events, "they wouldn’t have seen what was quietly happening in the background – nearly all asset classes were moving higher,” said Darrell Cronk, president of Wells Fargo Investment Institute.

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Lazard integrates Latam American advisory operations

Matias Eliaschev, former MBA Lazard Managing Partner, has been named CEO, Lazard Latin America ex Brazil and Mexico investment banking, effective immediately.

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Natixis survey: A quarter of US advisors plan on selling their books, merging with a larger firm or leaving the industry

“The challenges facing financial advisors are tougher than ever, as they are asked to do more with less in an environment that seems to put low fees ahead of all other considerations,” said John Hailer of Natixis Global.

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Wells Fargo/Gallup Survey: Investors cheer low rates at their own peril

While clients love the benefits of low interest rates when it comes to mortgages and loans, too many fail to grasp the impact of low yields on retirement savings, said George Rusnak, co-head of global fixed-income strategy for Wells Fargo Investment Institute.

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Fidelity: Investors bailing out of choppy markets may miss out on opportunities

“There is no question that the market had a volatile start to 2016, so it’s no surprise that volatility was a top concern for advisors in the first quarter,” said Scott E. Couto, president, Fidelity Institutional Asset Management.

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Morgan Stanley’s Latam wealth clients now need minimum of USD 500,000

Morgan said that clients with less than the USD 500,000 minimum will be serviced through an international call center, beginning in January 2016.

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Julius Baer enters Mexico with stake in leading financial advisory

The partnership with NSC Asesores, Mexico's leading independent financial advisory, gives Julius Baer "access to one of the largest and most promising domestic wealth management markets in Latin America," said Boris F.J. Collardi, CEO of Julius Baer.

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