Bloomberg

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Acorns and Pioneer cancel $2.2 billion SPAC deal
YOUR PRACTICE FINTECH JAN 18, 2022
Acorns and Pioneer cancel $2.2 billion SPAC deal

Acorns plans to pursue traditional public offering.

Boom in model portfolios slammed in new paper
YOUR PRACTICE PRACTICE MANAGEMENT JAN 18, 2022
Boom in model portfolios slammed in new paper

Model portfolios, which have exploded in popularity in recent years, are ridden with conflicts of interest, a trio of academics argues.

BlackRock CEO Fink defends stakeholder capitalism
INVESTING ESG JAN 18, 2022
BlackRock CEO Fink defends stakeholder capitalism

In his annual letter, Larry Fink warns that companies will be left behind if they don’t embrace sustainable business practices.

BlackRock assets hit record $10 trillion, powered by ETFs
INVESTING MUTUAL FUNDS JAN 14, 2022
BlackRock assets hit record $10 trillion, powered by ETFs

Investors poured a net $104 billion into ETFs in the fourth quarter, the company said, while actively managed funds, including ETFs and mutual funds, saw a net $101 billion in flows.

‘Great retirement’ in U.S. is driven by older female baby boomers
RETIREMENT RETIREMENT PLANNING JAN 12, 2022
‘Great retirement’ in U.S. is driven by older female baby boomers

There were 3.3 million, or 7%, more retirees as of October 2021 than in January 2020, according to research by the St. Louis Federal Reserve.

Ahead of tax season, Treasury says be ready for frustration
RETIREMENT TAX JAN 11, 2022
Ahead of tax season, Treasury says be ready for frustration

Many of the processing delays and customer service shortages that have plagued the IRS for years will persist this year, Treasury officials warn.

ESG study shared with SEC reveals fund labels are often useless
INVESTING ESG JAN 11, 2022
ESG study shared with SEC reveals fund labels are often useless

The researchers used data-analytic tools to establish that language in many funds’ prospectuses lacked clarity .

Crypto diehards are about to find out if it really was a bubble
INVESTING ALTERNATIVES JAN 10, 2022
Crypto diehards are about to find out if it really was a bubble

To skeptics, the crypto world as a whole is a mirage whose massive run-up past $2 trillion was simply the speculative by-product of the extraordinary amount of easy cash that’s been sloshing around in the global economy.

What are carbon offsets? 'Crazy' market needs regulation
INVESTING ESG JAN 06, 2022
What are carbon offsets? 'Crazy' market needs regulation

The regulation of projects to cut carbon and win those credits is still its infancy.

Invesco gives 34-year-old underperforming fund an ESG makeover
INVESTING ESG JAN 06, 2022
Invesco gives 34-year-old underperforming fund an ESG makeover

The firm’s UK Companies Fund will become the Invesco Sustainable UK Companies Fund at the end of the month.