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Rich clients get more ‘S’ options at $8 billion firm
NEWS RIAS DEC 10, 2021
Rich clients get more ‘S’ options at $8 billion firm

Seattle-based Laird Norton Wealth Management is working with Calvert and Parametric to design to equity strategies that emphasize social issues.

Cathie Wood's ARK launches ESG ETF
INVESTING ESG DEC 09, 2021
Cathie Wood's ARK launches ESG ETF

The new fund, the ARK Transparency ETF, arrives as Wood's favored tech stocks finally catch a break.

Goldman says young workers are plotting early retirements
RETIREMENT RETIREMENT PLANNING DEC 08, 2021
Goldman says young workers are plotting early retirements

A full 25% of Gen Z respondents in a new survey say they plan to retire before the age of 55.

Wells Fargo's credit-card revamp 'not rocket science,' Scharf says
NEWS WIREHOUSES DEC 08, 2021
Wells Fargo's credit-card revamp 'not rocket science,' Scharf says

The bank has launched a number of new credit cards this year, including a low-interest-rate card, and plans a rewards-card line next year.

BlackRock to pull bulk of U.S. ETF assets from State Street
INVESTING MUTUAL FUNDS DEC 08, 2021
BlackRock to pull bulk of U.S. ETF assets from State Street

In a move to reduce its reliance on State Street's custody services, BlackRock will shift 40% of the $2.2 trillion in assets to Citigroup, 30% to JPMorgan Chase and 15% to Bank of New York Mellon.

Amazon, AWS web outages affect Robinhood, Coinbase
YOUR PRACTICE FINTECH DEC 07, 2021
Amazon, AWS web outages affect Robinhood, Coinbase

Amazon Web Services says it has identified the cause of 'increased error rates' and is working to fix it.

Elizabeth Warren grills Bitcoin miner on climate
INVESTING ALTERNATIVES DEC 03, 2021
Elizabeth Warren grills Bitcoin miner on climate

The Massachusetts senator is asking Greenidge Generation how its Bitcoin mining operations will affect climate change and the local environment.

State Street cuts fees to grab more bond ETF flows
INVESTING MUTUAL FUNDS DEC 02, 2021
State Street cuts fees to grab more bond ETF flows

The asset manager lowered the expense ratios on three corporate bond exchange-traded funds to 0.04% from 0.07%.

Fidelity heads to Canada with Bitcoin ETF
INVESTING ALTERNATIVES DEC 01, 2021
Fidelity heads to Canada with Bitcoin ETF

Since U.S. regulators are balking at approving funds that invest directly in Bitcoin, Fidelity will launch the Fidelity Advantage Bitcoin ETF in Canada.

ESG market controlled by a few big investors
INVESTING ESG DEC 01, 2021
ESG market controlled by a few big investors

About $120 billion has flowed into ESG exchange-traded funds in 2021, but just a handful of institutional investors control a large part of the market.