LGBTQ Loyalty Holdings, a West Hollywood, California-based financial methodology and data company, has launched an exchange-traded fund tracking an index of U.S. large-cap stocks whose issuers “have demonstrated a commitment to LGBTQ diversity and inclusion,” the company said in a release.
The fund, the LGBTQ + ESG100 ETF, is listed on Nasdaq. It tracks the LGBTQ100 ESG Index, which identifies the 100 corporations that are most closely aligned with the LGBTQ community across America.
The index is the first to incorporate LGBTQ community survey data into its methodology, according to Loyalty Preference Index, a subsidiary of LGBTQ Loyalty Holdings.
“Seeing the trading symbol ‘LGBT’ listed on Nasdaq is truly historic,” Martina Navratilova, a member of the LGBTQ Loyalty board of directors, said in a press release.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Elsewhere, Sanctuary Wealth recently attracted a $225 million team from Edward Jones in Colorado.
The giant hybrid RIA is elevating its appeal to advisors with a curated suite of alternative investment models, offering exposure to private equity, private credit, and real estate.
The $40 billion RIA firm's latest West Coast deal brings a veteran with over 25 years of experience to its legacy division for succession-focused advisors.
Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.