BlackRock Inc., the world's largest asset manager is acquiring a San Francisco-based robo-adviser, FutureAdvisor, the firm announced Wednesday morning. Unlike competitors in this space, BlackRock does not plan to target individual investors with the robo-adviser, which offers portfolio management online.
This is a story about trust. About why many Americans have tuned out and lost hope in financial “experts.” It's about the insights, foresights, reckless predictions and lack of conviction from media outlets, Wall Street analysts and talking heads that monopolize today’s market dialogue.
Even though the S&P 500 held support again on Friday, May 29, falling from its previous up breakout last week, it still feels vulnerable. Whether it stalls or makes a move this week, there’s a way for traders to take advantage of their view on exactly where this market is headed—and they can do so with limited risk using binary options.
Futures brokers are still dealing with Dodd-Frank, residual interest rules, data fees and zero interest rates, but with Fed tapering complete and new leadership at the CFTC, there are also positive signs as we enter 2015.