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Biden vetoes bill blocking Labor Department ESG rule
RETIREMENT PLANNING MAR 20, 2023
Biden vetoes bill blocking Labor Department ESG rule

The measure would have rescinded the DOL rule allowing retirement plans to consider environmental, social and governance issues in their investment decisions.

By Bloomberg
Answering the ancient question: Does gold fight inflation or not?
ALTERNATIVES MAR 20, 2023
Answering the ancient question: Does gold fight inflation or not?

With inflation at a 40-year high, here’s how advisors view gold as a hedge compared to TIPS, crypto and other shiny metals.

By Gregg Greenberg
Bitcoin enjoys 32% rally in wake of banking crisis
RIAS MAR 17, 2023
Bitcoin enjoys 32% rally in wake of banking crisis

As crypto takes center stage, the Digital Asset Council of Financial Professionals announces it's rolling out an expanded version of its certification for blockchain and digital assets.

By Jeff Benjamin
ESG opponent Strive gets warm welcome from some state pensions
RETIREMENT PLANNING MAR 16, 2023
ESG opponent Strive gets warm welcome from some state pensions

Co-founder Vivek Ramaswamy, who recently stepped down to campaign for president, has said he wants to take politics out of investing.

By Emile Hallez
Amid market turmoil, LPL shares get boosted to buy by CFRA
BROKER DEALERS MAR 15, 2023
Amid market turmoil, LPL shares get boosted to buy by CFRA

The firm will continue to benefit from interest rates than are higher right now than any time since before the credit crisis, according to CFRA analyst Michael Elliott.

By Bruce Kelly
Opponents of DOL ESG rule violate fiduciary duty to retirement savers
ESG MAR 15, 2023
Opponents of DOL ESG rule violate fiduciary duty to retirement savers

In an effort to prove they're anti-woke, Republicans are ignoring risk factors that could affect returns, not to mention market signals.

By Mark Schoeff Jr.
S&P, Fitch downgrade First Republic Bank to junk
FIXED INCOME MAR 15, 2023
S&P, Fitch downgrade First Republic Bank to junk

Both credit assessors said further downgrades are possible as the bank faces deposit outflows that could affect its liquidity profile and ramps up wholesale borrowing.

By Bloomberg
IAA advocates for advisors as portals to private investments for clients
ALTERNATIVES MAR 14, 2023
IAA advocates for advisors as portals to private investments for clients

The trade association is trying to insert language into capital formation legislation that would deem investors accredited if they work with a fiduciary advisor.

By Mark Schoeff Jr.
570 funds and ETFs had exposure to SVB, including ESG products
EQUITIES MAR 14, 2023
570 funds and ETFs had exposure to SVB, including ESG products

While allocations to the bank's stock were very low among almost all funds, they were slightly higher among sustainable products, according to Morningstar.

By Emile Hallez
Cetera's credit outlook gets boost from Moody's
BROKER DEALERS MAR 14, 2023
Cetera's credit outlook gets boost from Moody's

The rating agency cites the positive impact of the firm's deal to acquire the wealth management business of Securian Financial Group.

By Bruce Kelly
Banks on the bubble after SVB failure
EQUITIES MAR 14, 2023
Banks on the bubble after SVB failure

Here are 8 bank stocks that have been whipsawed recently in the wake of the collapse of Silicon Valley Bank.

By Jeff Benjamin
First Republic sells off as regional banks remain under pressure
EQUITIES MAR 13, 2023
First Republic sells off as regional banks remain under pressure

Shares of regional lenders started the week by selling off, with First Republic down 67%, after Friday's collapse of SVB Financial and Signature Bank's seizure by regulators over the weekend.

By Bloomberg
Anti-ESG's punching bag, BlackRock, keeps rolling with new ESG funds
ESG MAR 10, 2023
Anti-ESG's punching bag, BlackRock, keeps rolling with new ESG funds

The biggest sustainable fund manager in the country is preparing to launch several more products.

By Emile Hallez
Bipartisan lawmakers warn SEC to tread carefully on mutual fund proposal
MUTUAL FUNDS MAR 10, 2023
Bipartisan lawmakers warn SEC to tread carefully on mutual fund proposal

GOP Rep. Ann Wagner and Democrat Brad Sherman, leaders of a committee with SEC jurisdiction, echo financial industry concerns that the plan will harm retirement savers.

By Mark Schoeff Jr.
Income solutions remain sticking point for retirement plan sponsors, survey shows
RETIREMENT PLANNING MAR 10, 2023
Income solutions remain sticking point for retirement plan sponsors, survey shows

NEPC's study shows a lack of industry consensus on how to create meaningful retirement income solutions in companies' defined-contribution plans.

By Gregg Greenberg
US SIF names new leader at a precarious time for ESG
PRACTICE MANAGEMENT MAR 09, 2023
US SIF names new leader at a precarious time for ESG

Maria Lettini will take the helm of the influential group as sustainable investing has become a political rallying cry for some state leaders.

By Emile Hallez
What ESG means for smart real estate investors
ESG MAR 08, 2023
What ESG means for smart real estate investors

One asset class plus one important investing theme could add up to way more than two for advisors and their clients who are looking for long-term growth.

By InvestmentNews Create
Vanguard's step back from climate issues sparks ire from some clients
ESG MAR 08, 2023
Vanguard's step back from climate issues sparks ire from some clients

More than 1,000 clients signed a letter accusing the fund company of violating its fiduciary duty.

By Emile Hallez
Federal appeals court questions SEC's decision to reject Grayscale bitcoin ETF proposal
ALTERNATIVES MAR 07, 2023
Federal appeals court questions SEC's decision to reject Grayscale bitcoin ETF proposal

Grayscale sued, asking the DC Circuit Court to overturn a decision the firm called arbitrary and discriminatory because the agency had already approved ETFs that track bitcoin futures.

By Bloomberg
Advisors flock to ETF that upends traditional value investing metrics
RIAS MAR 07, 2023
Advisors flock to ETF that upends traditional value investing metrics

Pacer's COWZ ETF has grown to $13 billion by screening for free cash flow yields to identify intangible assets.

By Jeff Benjamin