Following a record $98 billion of inflows in March, a record $250 billion flowed into exchange-traded funds in the first quarter — 33% more than the prior record set in the fourth quarter of 2020.
Equity ETFs fueled the flows, State Street Global Advisors said in a release. The sector posted its own records, with inflows of $207 billion in the first quarter, 51% more than the prior record set in the fourth quarter.
Despite the negative returns posted by 65% of fixed-income ETFs during the first quarter, bond ETFs added $13 billion in March and $44 billion in the quarter, SSGA said.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history,” said one FBI official.
With experience from Goldman Sachs and TD Ameritrade, the RIA's newest SVP hire adds to a recent wave of executive departures from hybrid Osaic.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
