Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
The insurer also led in variable annuity sales last year, while New York Life sold the most fixed annuities.
Royal Alliance Associates Inc., SagePoint Financial Inc., and FSC Securities Corp., increased legal reserves by as much as three times the amount of the prior year.
The agency charged two Cetera broker-dealers with breaching fiduciary duty and defrauding retail advisory clients in connection with the sales of mutual funds.
Advisers don’t have to join the bulls, but they better join the discussion.
The deal shows that private equity investors are starting to move down-market to invest in smaller registered investment advisers.
Annuities are an answer to one of the most vexing worries that Americans face – outliving their money in retirement, IRI leaders said. But a critic countered that the products need to come with more investor protections.
The low-cost provider is planning a cash-alternative exchange-traded fund whose cost is about half that of popular ETFs in the category.
The rebranded PE fund targets the country's 13 million accredited households with an offer of access to KKR's investment expertise.
Quant giant Dimensional Fund Advisors has laid out a timeline for converting funds into exchange-traded funds.
The industry is nowhere near settled on a common vernacular. The ESG space needs more clarity and writing off greenwashing is not helping anyone.
HSAs now hold more than $82 billion in assets, Devenir survey finds.
The popular market strategist and forecaster is making an exit, a spokesperson confirmed on Tuesday. Doll, 66, who has worked in investment management for 42 years, is expected to officially depart at the end of March.
Co-founders of the RIA Rachel Robasciotti and Maya Philipson will not work with clients at Abacus and will largely spend time managing their ETF. The firm reported $130 million in assets under management.
American Century, Prime Capital Investment Advisors, Nationwide and Lincoln Financial Group collaborated, along with others, on the QDIA.
Ascendant Alternative Strategies changed its official status with Finra to termination requested. Founders of GPB, David Gentile and Jeff Schneider were arrested and charged with fraud last month by the FBI.
The former nontraded REIT czar is looking for a next act in the securities industry, and this time it's a family affair.
The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.
The funds are the first ETFs to track the environmental, social and governance versions of the indexes. The DWS suite of ESG ETFs come with a tracking error of about one percentage point.
Price pressures are expected to rise now that Covid-19 vaccines are being rolled out and given the prospect of more fiscal and monetary stimulus.
