UBS and Wealth-X are out with a massive, 53-page report on the state of the global ultra high net worth (UHNW) population in 2014. The broad strokes of what’s gone on can be observed in the below table: What should jump out at you: * While the total population of UHNW people grew by 6%,…

Ordinarily, when a money manager breaks the trillion-dollar mark, its only a matter of time before people start saying they’ll never be able to keep up the performance that got them there. Vanguard has broken $3 trillion and the wins keep coming. It helps that, aside from reducing tracking error, the funds aren’t really trying…

“We’re going to disrupt the financial services industry!” How? “Making everything free!” But then how will YOU make money? “On our IPO!” — Downtown Josh Brown (@ReformedBroker) November 19, 2014

Reuters: The number of Americans filing new claims for unemployment benefits fell less than expected last week, but continued to point to strengthening labor market conditions. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 291,000 for the week ended Nov. 15, the Labor Department said on Thursday. The labor market continues…

We’re having an open house at our New York City offices next month for investors who’d like to meet with us or learn more about what we do. Details below via Barry: If you are interested in discussing about your personal financial circumstances, meeting with us, or simply hearing our views, give us a shout. Send…

My firm’s director of research has an important post up today with a handful of findings from a larger project we’ve been working on. Michael Batnick points out that, contrary to the hatred and suspicion surrounding the term “smart beta”, there is a ton of validity to these strategies. He took five of the most popular…

Cartoon by Harley Schwadron

I had a blast night on the Charlie Rose with a few of my friends from the financial web. Check out the entire video at the link below! Digital Journalism and Investing (BusinessWeek)