Investing

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Vanguard raises fees on five funds, lowers fees on two
MUTUAL FUNDS MAY 27, 2022
Vanguard raises fees on five funds, lowers fees on two

Increases are one and four basis points; cuts are two basis points. The changes were made to funds with fiscal years ending January 2022.

By InvestmentNews
Putnam to revamp target dates with sustainable focus
MUTUAL FUNDS MAY 27, 2022
Putnam to revamp target dates with sustainable focus

The company will rename the product line with the funds switching to underlying investments in Putnam ETFs that follow ESG criteria.

By Emile Hallez
Alto CEO's IRA advice: Forget 60/40 and add alternatives
RETIREMENT PLANNING MAY 26, 2022
Alto CEO's IRA advice: Forget 60/40 and add alternatives

Eric Satz, founder and CEO of Alto, says investors need to add alternatives to their retirement accounts, especially in the wake of the market’s carnage.

By Gregg Greenberg
Avoiding dividend yields that look too good to be true
EQUITIES MAY 26, 2022
Avoiding dividend yields that look too good to be true

Russia funds yielding between 300% and 3,000% represent the ultimate value trap. A better bet would be funds offering much lower yields.

By Jeff Benjamin
Fed saw aggressive hikes providing flexibility later this year
FIXED INCOME MAY 25, 2022
Fed saw aggressive hikes providing flexibility later this year

The minutes confirmed support by most officials to continue such increases over at least their next two gatherings.

By Bloomberg
Ameriprise unit to pay $5 million to settle SEC charges over VA sales
LIFE INSURANCE AND ANNUITIES MAY 25, 2022
Ameriprise unit to pay $5 million to settle SEC charges over VA sales

The firm's staff encouraged Ameriprise registered reps to offer clients the chance to swap their current variable annuity for a more expensive one.

By Mark Schoeff Jr.
Hedge funds brace for $20 billion of redemptions, Citco says
ALTERNATIVES MAY 25, 2022
Hedge funds brace for $20 billion of redemptions, Citco says

Only 40% of hedge funds globally made money in the first quarter, compared with 61% in the previous three months.

By Bloomberg
Crypto libertarians are learning the reason for regulations
ALTERNATIVES MAY 24, 2022
Crypto libertarians are learning the reason for regulations

As digital assets sell off, some crypto industry leaders are realizing that government rules aren't such an evil thing after all.

By Ryan W. Neal
Lead broker-dealer seller of GWG bonds reports potential trouble
ALTERNATIVES MAY 23, 2022
Lead broker-dealer seller of GWG bonds reports potential trouble

In its annual audited financial statement, Emerson Equity reported that problems related to an unnamed offering potentially could harm the firm.

By Bruce Kelly
Recession threat takes center stage
EQUITIES MAY 23, 2022
Recession threat takes center stage

Financial advisers scramble to keep clients on track as markets drive lower, inflation climbs and an economic slowdown seems unavoidable.

By Jeff Benjamin
Stock sell-off to intensify as fresh 10% plunge looms, survey finds
FIXED INCOME MAY 23, 2022
Stock sell-off to intensify as fresh 10% plunge looms, survey finds

The Fed’s hawkish-at-all-costs posture, the chaos in supply chains and intensifying threats to the business cycle are all undermining confidence.

By Bloomberg
Morgan Stanley's Parametric moves the wirehouse into ETF management
EQUITIES MAY 20, 2022
Morgan Stanley's Parametric moves the wirehouse into ETF management

Two filings show that Parametric is moving beyond its current focus on separate accounts and direct indexing to subadvise strategies for Innovator ETFs.

By Jeff Benjamin
No longer 'annuicide': How insurance products are reaching the fee-based channel
INDEPENDENT BROKER DEALERS MAY 20, 2022
No longer 'annuicide': How insurance products are reaching the fee-based channel

RIA Lab session looks at the insurance industry's evolution toward providing custodial-like relationships with advisers.

By Jeff Benjamin
Convergence of health care costs and retirement planning
RETIREMENT PLANNING MAY 19, 2022
Convergence of health care costs and retirement planning

Software helps advisers incorporate clients' Medicare expenses into their retirement plans.

By Mary Beth Franklin
DOL continues to have qualms about Fidelity’s crypto 401(k) product
RETIREMENT PLANNING MAY 19, 2022
DOL continues to have qualms about Fidelity’s crypto 401(k) product

DOL acting assistant secretary Ali Khawar isn't reassured by the consumer safeguards included in Fidelity's Bitcoin offering for retirement plans.

By Mark Schoeff Jr.
Strategists see lower returns as economy mirrors 1970s
ALTERNATIVES MAY 19, 2022
Strategists see lower returns as economy mirrors 1970s

Mohamed El-Erian and Niall Ferguson are seeing echoes of the 1970s in today's market. Will the '70s strategies work in the 2020s?

By Gregg Greenberg
Stocks suffer biggest drop in almost two years
EQUITIES MAY 18, 2022
Stocks suffer biggest drop in almost two years

The sell-off sent the S&P 500 down 4%, while the Nasdaq 100 dropped more than 5% as growth-related tech stocks sank.

By Bloomberg
Big GPB fund reports — finally — and posts revenue and income growth
ALTERNATIVES MAY 18, 2022
Big GPB fund reports — finally — and posts revenue and income growth

After the partnership missed its deadline to file audited financial statements in 2018 for its two largest private funds, the entire GPB enterprise struggled.

By Bruce Kelly
Direct indexing offers advisers opportunities to engage with clients
EQUITIES MAY 18, 2022
Direct indexing offers advisers opportunities to engage with clients

The best use cases for direct indexing are personalization and tax strategies, said a speaker at the Morningstar conference.

By Debbie Carlson
SEI plants its flag in ETF land with factor-based strategies
ETFS MAY 18, 2022
SEI plants its flag in ETF land with factor-based strategies

The four exchange-traded funds are well-timed given the current market environment.

By Jeff Benjamin