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Nvidia stock spike shines light on ETFs offering AI exposure
EQUITIES MAY 26, 2023
Nvidia stock spike shines light on ETFs offering AI exposure

As interest in artificial intelligence grows, it's worth looking under the hood of sector ETFs.

By Jeff Benjamin
Fitch bumps up Advisor Group debt rating
BROKER DEALERS MAY 26, 2023
Fitch bumps up Advisor Group debt rating

The upgrade reflects Advisor Group's declining leverage levels and higher net yields on cash sweep deposits, according to the rating agency.

By Bruce Kelly
Advisors connect rising women philanthropists to their tribes
ESG MAY 26, 2023
Advisors connect rising women philanthropists to their tribes

As Gen X and baby boomer women realize they qualify as philanthropists, new platforms and groups are emerging to equip them with community and context.

By Joanne Cleaver
Debt-limit concerns push money market funds to fresh record
MUTUAL FUNDS MAY 26, 2023
Debt-limit concerns push money market funds to fresh record

About $46.7 billion poured into US money market funds in the week ended Wednesday as investors piled into assets offering relatively safer returns amid the uncertainty around talks on extending the US debt limit.

By Bloomberg
Advisor Group's Jamie Price talks about the firm's rebranding
ALTERNATIVES MAY 25, 2023
Advisor Group's Jamie Price talks about the firm's rebranding

In a Q&A, the Advisor Group CEO discusses what's involved in squeezing the giant operation under one broker-dealer roof and brand.

By Bruce Kelly
Gensler forcefully defends mutual fund reform to skeptical industry audience
ETFS MAY 25, 2023
Gensler forcefully defends mutual fund reform to skeptical industry audience

The SEC chair drew the ire of fund officials when he suggested that the agency looks out for investors while the industry looks out for itself.

By Mark Schoeff Jr.
State Street further extends proxy voting choice to ETFs
ESG MAY 24, 2023
State Street further extends proxy voting choice to ETFs

The new policy will apply to more than 80% of institutional equity fund assets and ETFs.

By Emile Hallez
Vanguard CEO Buckley tiptoes around ESG, embraces AI
FINTECH MAY 24, 2023
Vanguard CEO Buckley tiptoes around ESG, embraces AI

'ESG funds are not the next great innovation,’ Tim Buckley said at an Investment Company Institute conference. 'They’re a client preference, and we need to treat it as such.'

By Mark Schoeff Jr.
New ETF uses artificial intelligence to time the market
ETFS MAY 24, 2023
New ETF uses artificial intelligence to time the market

The fourth ETF from upstart Qraft will test the limits of AI by going in and out of the market based on what the data say.

By Jeff Benjamin
Crypto startup gets special purpose broker-dealer license with SEC
ALTERNATIVES MAY 23, 2023
Crypto startup gets special purpose broker-dealer license with SEC

The approval allows Prometheum Ember Capital to safekeep digital asset securities on behalf of individual and institutional clients as a qualified custodian.

By Bloomberg
How innovations in non-listed REIT redemption programs meet investor needs
OPINION MAY 23, 2023
How innovations in non-listed REIT redemption programs meet investor needs

The new generation of nontraded REITs has been designed with monthly or quarterly repurchase limits to align the interests of stockholders with the less liquid nature of the assets.

By Anya Coverman
Efforts to sway public opinion on ESG aren't working, survey suggests
ESG MAY 23, 2023
Efforts to sway public opinion on ESG aren't working, survey suggests

A Gallup poll shows that people's familiarity with ESG and views about it might not have been affected by the culture wars.

By Emile Hallez
Sales of nontraded REITs remain weak in April
ALTERNATIVES MAY 23, 2023
Sales of nontraded REITs remain weak in April

Nontraded real estate investment trusts reported $485 million of sales in April, the lowest level since August 2020, according to Stanger.

By Bruce Kelly
Swiss Re quits net zero group
ESG MAY 23, 2023
Swiss Re quits net zero group

The world's second-largest reinsurer is now the fourth major company to walk away from the Net Zero Insurance Alliance.

By Bloomberg
Insurers take heat from shareholders over oil and gas coverage
ESG MAY 22, 2023
Insurers take heat from shareholders over oil and gas coverage

Resolutions asking companies to phase out coverage for new projects aren't doing as well as those pushing insurers to disclose plans for their climate goals.

By Emile Hallez
BNY Mellon ups its cash management game
RIAS MAY 22, 2023
BNY Mellon ups its cash management game

Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.

By Jeff Benjamin
Finra arbitrators order Fidelity to pay options trader nearly $4 million
ALTERNATIVES MAY 19, 2023
Finra arbitrators order Fidelity to pay options trader nearly $4 million

The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.

By Mark Schoeff Jr.
ESG jobs in finance come with a bigger paycheck, data show
PRACTICE MANAGEMENT MAY 19, 2023
ESG jobs in finance come with a bigger paycheck, data show

Hiring and compensation for industry position with 'ESG' in the title have increased, Revelio Labs found.

By Emile Hallez
Sustainable investing practice brings advisor 'perfect' clients
PRACTICE MANAGEMENT MAY 19, 2023
Sustainable investing practice brings advisor 'perfect' clients

Ninety-eight percent of Eric Souder's clients are invested in socially responsible portfolios he runs that are built with institutional shares of mutual funds.

By Emile Hallez
What keeps these top securities regulators awake at night?
RIAS MAY 19, 2023
What keeps these top securities regulators awake at night?

"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.

By Bruce Kelly