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Advisors prep clients for recession everyone anticipates but nobody can see
EQUITIES JUL 05, 2023
Advisors prep clients for recession everyone anticipates but nobody can see

Consensus estimates are that the US economy will dip into recession later this year or early next year.

By Jeff Benjamin
Finra dings Hightower with $353,000 penalty over alt sales
ALTERNATIVES JUL 05, 2023
Finra dings Hightower with $353,000 penalty over alt sales

Both GPB private placements and the LJM mutual fund were widely sold by brokerage firms prior to 2018.

By Bruce Kelly
ESG-linked bonds add clauses that let them escape financial penalties
FIXED INCOME JUL 03, 2023
ESG-linked bonds add clauses that let them escape financial penalties

A quarter of sustainability-linked bonds, which typically pay higher interest if the issuer misses ESG targets, can be redeemed before any penalty is triggered, according to a new report.

By Bloomberg
Strong first half for markets forces advisors to defend pessimistic outlooks
EQUITIES JUL 03, 2023
Strong first half for markets forces advisors to defend pessimistic outlooks

The broad markets are climbing a wall of worry, although that's been overshadowed by the triple-digit returns of tech sector highfliers.

By Jeff Benjamin
Stocks can't continue to ignore recession risk
EQUITIES JUL 03, 2023
Stocks can't continue to ignore recession risk

Despite the recent surge in equities, most market watchers expect stocks to finish the year flat or down from current levels.

By Jeff Benjamin
Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions
ALTERNATIVES JUL 03, 2023
Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions

All five of the refiled applications indicated that Coinbase will provide market surveillance for their funds, a fact that wasn't included in previous iterations.

By Bloomberg
SEC's rejection of BlackRock bitcoin ETF unlikely to derail eventual approval
ALTERNATIVES JUN 30, 2023
SEC's rejection of BlackRock bitcoin ETF unlikely to derail eventual approval

Rejection screams 'we're ready to approve,' says financial planner.

By Ryan W. Neal
Advisors, be careful what you wish for with interest rates
FIXED INCOME JUN 30, 2023
Advisors, be careful what you wish for with interest rates

'When an advisor or client stretches for yield, that’s when they can get hit,' one financial advisor notes.

By Bruce Kelly
Staying in-plan: More 401(k)s keep retiree assets but more products needed
RETIREMENT PLANNING JUN 30, 2023
Staying in-plan: More 401(k)s keep retiree assets but more products needed

Keeping retirees in the plan helps both participants and sponsors save on costs, but many 401(k)s are lacking income options.

By Emile Hallez
Fidelity joins race for spot-bitcoin ETF with SEC filing
ALTERNATIVES JUN 30, 2023
Fidelity joins race for spot-bitcoin ETF with SEC filing

It's the latest high-profile traditional financial finance firm to file for such an exchange-traded fund, after BlackRock made a splash with its June 15 application.

By Bloomberg
Fidelity to convert $13 billion of mutual funds into ETFs
MUTUAL FUNDS JUN 29, 2023
Fidelity to convert $13 billion of mutual funds into ETFs

The shift from mutual funds to exchange-traded funds has affected almost $100 billion in assets, as investors opt for lower-cost, tax-efficient ETFs over mutual funds.

By Bloomberg
NAPFA OKs membership for advisors with trailing commissions 
LIFE INSURANCE AND ANNUITIES JUN 28, 2023
NAPFA OKs membership for advisors with trailing commissions 

If advisors receive $2,500 or less in commissions and donate the proceeds to charity, they can join the fee-only organization.

By Mark Schoeff Jr.
Inflation-safe ETFs see record $17 billion exit
MUTUAL FUNDS JUN 28, 2023
Inflation-safe ETFs see record $17 billion exit

Exchange-traded funds designed to protect against inflation have faltered in the face of still sticky price pressure, leading many investors to rush for the exits.

By Bloomberg
Crowdfunding is no Derby
OPINION JUN 23, 2023
Crowdfunding is no Derby

Capital raises that are open to the public allow for access to new avenues of wealth-building.

By Andrew Corn
It's time for financial advisors to help investors gain access to alts
RETIREMENT PLANNING JUN 21, 2023
It's time for financial advisors to help investors gain access to alts

The long-outdated accredited investor rule has become a symbolic roadblock between retail investors and institutional-quality investments.

By Jeff Benjamin
Retiree health care cost estimate 'flat,' Fidelity says
RETIREMENT PLANNING JUN 21, 2023
Retiree health care cost estimate 'flat,' Fidelity says

For the first time in nearly a decade, anticipated health care costs for retirees were unchanged from the previous year's estimate.

By Gregg Greenberg
How retirees and pre-retirees can benefit from high interest-rate environment 
OPINION JUN 21, 2023
How retirees and pre-retirees can benefit from high interest-rate environment 

Clients can explore savings strategies and financial products with higher risk-free returns and alternative fixed-income investments.

By Mike DeKoning
What advisors need to know about estate planning for LGBTQ couples, individuals
RETIREMENT PLANNING JUN 20, 2023
What advisors need to know about estate planning for LGBTQ couples, individuals

In the absence of proper estate planning, there's a risk that LGBTQ individuals' intentions may not be respected.

By Gregg Greenberg
ETF designed to climb along with interest rates adjusts in stride with Fed
EQUITIES JUN 20, 2023
ETF designed to climb along with interest rates adjusts in stride with Fed

FolioBeyond's Rising Rates ETF is being renamed the Alternative Income and Interest Rate Hedge ETF.

By Jeff Benjamin
Crypto exchange backed by Citadel Securities, Fidelity, Schwab starts up
ALTERNATIVES JUN 20, 2023
Crypto exchange backed by Citadel Securities, Fidelity, Schwab starts up

EDX Markets offers a ‘noncustodial’ model, meaning that it doesn’t hold clients’ digital assets during trading.

By Bloomberg