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ICapital Network alts platform raises $146 million
ALTERNATIVES MAR 23, 2020
ICapital Network alts platform raises $146 million

Funds for expansion come from new, existing investors

By InvestmentNews
‘Illiquidity doom loop’ threatens European bond ETFs, analyst says
MUTUAL FUNDS MAR 20, 2020
‘Illiquidity doom loop’ threatens European bond ETFs, analyst says

The gap between some funds' price and the value of their assets could lead to problems

By Bloomberg
How balanced portfolios recovered after six major market events
EQUITIES MAR 19, 2020
How balanced portfolios recovered after six major market events

Here's a look at how a basic portfolio of 60% stocks and 40% bonds performed following six major market events in recent decades

By Jeff Benjamin 
NYSE to shut trading floors Monday
EQUITIES MAR 18, 2020
NYSE to shut trading floors Monday

The company said that an employee and a trader both tested positive for the coronavirus

By Bloomberg
Investor advocate says variable annuity summary prospectus lacked sufficient testing
LIFE INSURANCE AND ANNUITIES MAR 18, 2020
Investor advocate says variable annuity summary prospectus lacked sufficient testing

The SEC says in the final rule that it solicited feedback on hypothetical forms

By Mark Schoeff Jr.
Annuities, hard hit by COVID-19, give retirees one less option
RETIREMENT PLANNING MAR 18, 2020
Annuities, hard hit by COVID-19, give retirees one less option

Insurers have started pulling some products amid volatility and low interest rates

By Emile Hallez
Treasury proposes to guarantee money market funds in stimulus
MUTUAL FUNDS MAR 18, 2020
Treasury proposes to guarantee money market funds in stimulus

The plan temporarily permits the use of its exchange stabilization fund to guarantee money market funds

By Bloomberg
JPMorgan sees shorts behind $9 billion influx into S&P ETF
EQUITIES MAR 18, 2020
JPMorgan sees shorts behind $9 billion influx into S&P ETF

The inflows into SPY came as the S&P 500 Index plunged amid fears about the economic fallout from the coronavirus

By Bloomberg
Roth conversions 'on sale' and other retirement advice amid the market crash
RETIREMENT PLANNING MAR 18, 2020
Roth conversions 'on sale' and other retirement advice amid the market crash

People near retirement are the most at risk from the sell-off, and advisers have several recommendations for them

By Emile Hallez
Gundlach says ‘en masse’ defaults likely for some junk issuers
FIXED INCOME MAR 18, 2020
Gundlach says ‘en masse’ defaults likely for some junk issuers

The high-yield debt market is pressured by the plunge in oil prices and the pandemic, the fund manager said

By Bloomberg
Wells Fargo named in new 401(k) lawsuit
RETIREMENT PLANNING MAR 17, 2020
Wells Fargo named in new 401(k) lawsuit

The company has been sued again over its use of its own products in its retirement plan

By Emile Hallez
Business development companies under pressure from coronavirus fallout
ALTERNATIVES MAR 17, 2020
Business development companies under pressure from coronavirus fallout

IBDs sold more than $22 billion of the high-commission product over the past decade

By Bruce Kelly
Upside-down world of negative rates coming for U.S. savers
FIXED INCOME MAR 17, 2020
Upside-down world of negative rates coming for U.S. savers

The scenario has become more likely now that the Fed has slashed rates to close to zero

By Bloomberg
Stock market volatility tops level seen in financial crisis
EQUITIES MAR 16, 2020
Stock market volatility tops level seen in financial crisis

The CBOE Volatility Index closed Monday at 82.69, besting the prior closing high of 80.86 in November 2008.

By Bloomberg
One TDF series outperforms others in market plunge
RETIREMENT PLANNING MAR 16, 2020
One TDF series outperforms others in market plunge

The newer product line has a different approach to asset allocation than most other target-date funds

By Emile Hallez
Clients keep their cool as stocks tank
EQUITIES MAR 16, 2020
Clients keep their cool as stocks tank

Some advisers are facing the challenge of dissuading clients from jumping into the market as it continues to fall

By Jeff Benjamin
Goldman warns S&P 500 might fall to 2,000
EQUITIES MAR 16, 2020
Goldman warns S&P 500 might fall to 2,000

Chief equity strategist sees index heading another 10% lower over the next three months and says the losses could mount to 26% if the economic fallout from the virus spreads

By Bloomberg
SEC extends Form ADV deadline for advisory firms affected by COVID-19
RIA NEWS MAR 14, 2020
SEC extends Form ADV deadline for advisory firms affected by COVID-19

Registered investment advisers will have 45 extra days to file ADVs, brochure updates

By Mark Schoeff Jr.
GPB auditors to get back to work
ALTERNATIVES MAR 13, 2020
GPB auditors to get back to work

The company told investors in November that a required audit was being postponed

By Bruce Kelly
Singles, survivors most affected by Medicare surcharges
RETIREMENT PLANNING MAR 13, 2020
Singles, survivors most affected by Medicare surcharges

Roth conversions can help reduce clients' health care costs and taxes, given the impact that required minimum distributions can have on Medicare premiums

By Mary Beth Franklin