The money manager is asking shareholders to sign off on a proposal to let 13 of its growth funds exceed limits on the size of their stakes in individual stocks.
The move comes just days after Blackstone Inc. announced it would limit withdrawals from its $69 billion fund.
Firms have brought 422 new ETFs to market so far this year, putting them on track to surpass last year's record.
In the second part of ESG Clarity's interview, Kunal Kapoor talks passives, personalization and proxies.
Supporters say the measure will help consumers grasp the product, a kind of variable annuity touted for its downside protection and used in retirement savings.
Newer ESG funds are coming to the market, and a greater share are sustainable funds, according to Cerulli.
The board urges advisers to approach the asset class, which has struggled in 2022, with caution.
The four Advisor Group firms sold investors GPB private placements but failed to tell them that GPB hadn't made required filings, including audited financial statements.
Financial House, a six-adviser group based in Centreville, Delaware, was established more than 30 years ago and is now in its second generation of owners.
A bear market and inflationary pressures may have many Americans feeling less wealthy lately, but not necessarily less generous.
The Senate and House bills will both die at the end of the year if they are not approved. It’s not clear whether sponsors will reintroduce them in January.
Given advisers' questioning of the practical merits of cryptocurrency, it's no wonder so many encouraged their clients to steer clear of crypto as an investment.
An investor alleges the firm made unauthorized trades. The Finra arbitration decision comes as the regulator is conducting an exam sweep on options.
Despite lukewarm adoption by financial advisers, the financial services industry is committed to leveraging this crucial channel to get direct indexing in front of more investors.
The firm's announcement that it will limit redemptions from the fund sent its stock falling as much as 10%.
It can be hard to keep direct-index portfolios from 'drifting' from their benchmark index as stocks are swapped in and out.
BlackRock was among the financial firms stung by the bankruptcy of the crypto exchange, having invested roughly $24 million in FTX through a fund of funds.
The new report cites 24 areas of focus for Catholic-values investing, some of which overlap with ESG investing.
Most beneficiaries who stay in their current plans will pay more in 2023, and Medicare open enrollment, which lets beneficiaries change plans, ends next week.
The Bitcoin Strategy Optimum Yield ETF would offer managed exposure to bitcoin futures contracts traded on the CME and investments in short-term debt securities.
