Automated investment management is less of a business opportunity than online brokerage was, says Raymond James' chairman.
Wealth management and banking are the key earnings drivers.
The financial sector is fully valued despite global uncertainties.
The conservative bank-loan fund manager plans to step away at the end of March. Also, DoubleLine recruits more professionals from TCW, Principal files for permission to market actively managed ETFs, T. Rowe Price nears launch of its world-allocation fund, Vanguard to merge away a Florida muni-bond ...