Investing

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Citadel Securities, Virtu form crypto plan with Fidelity, Schwab
ALTERNATIVES JUN 07, 2022
Citadel Securities, Virtu form crypto plan with Fidelity, Schwab

The crypto offering, still in its early development, could be available late this year or early next.

By Bloomberg
Sweeping US crypto legislation targets stablecoins, mining
ALTERNATIVES JUN 07, 2022
Sweeping US crypto legislation targets stablecoins, mining

While chances of passage are slim ahead of November’s midterm elections, it could act as a starting point for negotiations next year.

By Bloomberg
Paxos to help broker-dealers introduce crypto trading to advisers
ALTERNATIVES JUN 07, 2022
Paxos to help broker-dealers introduce crypto trading to advisers

The blockchain infrastructure company is launching a business aimed at introducing cryptocurrency across a broker-dealer's workforce of financial advisers.

By Ryan W. Neal
Vanguard survey highlights retirement complexity, 'Great Resignation' mobility
RETIREMENT PLANNING JUN 07, 2022
Vanguard survey highlights retirement complexity, 'Great Resignation' mobility

Vanguard's influential 'How America Saves' report shows 401(k) plan participants are facing increasingly complex financial situations and life events.

By Gregg Greenberg
Hello to alternatives in retirement accounts
RETIREMENT PLANNING JUN 06, 2022
Hello to alternatives in retirement accounts

Even with the recent recoveries in the stock and bond markets, the classic 60/40 split may be a thing of the past, and some argue alternatives are the future.

By Gregg Greenberg
Lawsuit seeks to kill DOL guidance on using crypto in 401(k)s
RETIREMENT PLANNING JUN 03, 2022
Lawsuit seeks to kill DOL guidance on using crypto in 401(k)s

ForUsAll, a 401(k) provider that specializes in alternative investments, alleges that Labor exceeded its authority by trying to institute an effective ban.

By Mark Schoeff Jr.
Ex-broker who stole from pension plan gets 6½-year sentence
RETIREMENT PLANNING JUN 03, 2022
Ex-broker who stole from pension plan gets 6½-year sentence

John Sherman Jumper, a 17-year veteran of the securities industry, was based in Memphis, Tennessee.

By Bruce Kelly
Inflation, no longer deemed transitory, puts advisers in scramble mode
EQUITIES JUN 03, 2022
Inflation, no longer deemed transitory, puts advisers in scramble mode

The Biden administration is now saying upward pressure on prices could be the new reality, which has advisers getting more creative.

By Jeff Benjamin
Retiree travel dreams reimagined
RETIREMENT PLANNING JUN 02, 2022
Retiree travel dreams reimagined

Covid-era restrictions mean those traveling overseas should have backup plans for their health care and finances.

By Mary Beth Franklin
Blackstone keeps eye on retail, Morgan Stanley open to more deals: Execs
ALTERNATIVES JUN 02, 2022
Blackstone keeps eye on retail, Morgan Stanley open to more deals: Execs

Blackstone's CEO says the firm sees a 'huge' opportunity with retail investors and advisers, while a Morgan Stanley executive talked about recent and potential acquisitions.

By Bruce Kelly
Merrill pays $15.2 million to investors who spent too much for mutual funds
MUTUAL FUNDS JUN 02, 2022
Merrill pays $15.2 million to investors who spent too much for mutual funds

The restitution settles Finra charges that the firm recommended Class C shares with ongoing fees when more affordable Class A shares were available.

By Mark Schoeff Jr.
Why anxious retirees should consider closed-end funds
RETIREMENT PLANNING JUN 02, 2022
Why anxious retirees should consider closed-end funds

Closed-end funds have emerged as a potential solution for retirees seeking to smooth out their cash flows and in turn soothe their shaken nerves.

By Gregg Greenberg
Fidelity adds health-related ESG fund
MUTUAL FUNDS JUN 02, 2022
Fidelity adds health-related ESG fund

The actively managed mutual fund uses both proprietary and third-party ESG ratings.

By ESG Clarity
SEC orders San Diego B-D to pay $800,000 over fund share class disclosures
PRACTICE MANAGEMENT JUN 01, 2022
SEC orders San Diego B-D to pay $800,000 over fund share class disclosures

Madison Avenue Securities didn't disclose or didn't adequately disclose conflicts associated with compensation the firm received from certain advisory client investments. 

By Bruce Kelly
Advisers' ESG use could be at tipping point: Survey
ALTERNATIVES JUN 01, 2022
Advisers' ESG use could be at tipping point: Survey

A Financial Planning Association survey finds rising rates of advisers planning to increase and decrease ESG use this year.

By Emile Hallez
Barred broker latest to be focus of a GWG bond complaint
ALTERNATIVES MAY 31, 2022
Barred broker latest to be focus of a GWG bond complaint

Marc Korsch, who was booted from the securities industry last year, has a staggering 33 disclosure items on his BrokerCheck report.

By Bruce Kelly
Franklin Templeton buying Alcentra in European credit push
ALTERNATIVES MAY 31, 2022
Franklin Templeton buying Alcentra in European credit push

The deal for Bank of New York Mellon's European credit and debt subsidiary expands Franklin Templeton's access to alternative investments.

By Bloomberg
HHS will not readjust Medicare Part B premiums this year
RETIREMENT PLANNING MAY 27, 2022
HHS will not readjust Medicare Part B premiums this year

But it says that Part B premiums are likely to fall in 2023 as a result of cost savings on Aduhelm, a drug to treat Alzheimer's.

By Mary Beth Franklin
Senate HELP Committee introduces draft retirement savings bill
RETIREMENT PLANNING MAY 27, 2022
Senate HELP Committee introduces draft retirement savings bill

The measure will provide part of the foundation for the Senate companion bill to SECURE 2.0, which the House approved in March.

By Mark Schoeff Jr.
After latest deal, Advisor Group debt is stable but still 'highly speculative': Fitch
ALTERNATIVES MAY 27, 2022
After latest deal, Advisor Group debt is stable but still 'highly speculative': Fitch

Fitch Ratings noted that the rating affirmation reflected Advisor Group's "improving scale as one of the largest independent financial advisers in the U.S."

By Bruce Kelly