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Blackstone's BREIT hit monthly redemption limit in January
ALTERNATIVES FEB 01, 2023
Blackstone's BREIT hit monthly redemption limit in January

Blackstone Real Estate Income Trust told investors that it fulfilled repurchase requests for 2% of its net asset value.

By Bloomberg
In 'hell freezes over' moment, American Funds pairs up with passive ETFs
RIAS FEB 01, 2023
In 'hell freezes over' moment, American Funds pairs up with passive ETFs

The 90-year-old active management complex is launching 12 model portfolios that combine its active mutual funds with ETFs from Schwab, Vanguard and BlackRock.

By Jeff Benjamin
Morningstar launches ESG 401(k) designed for small employers
RETIREMENT PLANNING JAN 31, 2023
Morningstar launches ESG 401(k) designed for small employers

The pooled employer plan is going live as the Department of Labor's new ESG rule takes effect.

By Emile Hallez
Legislation lets funds delay redemptions if transfer involves senior abuse
RETIREMENT PLANNING JAN 31, 2023
Legislation lets funds delay redemptions if transfer involves senior abuse

The bill sails through House, 419-0, on a fast track. Its author, Rep. Ann Wagner, R-Mo., hopes the Senate acts this time around.

By Mark Schoeff Jr.
BNY Mellon plans to launch ETF focusing on innovation space
ETFS JAN 31, 2023
BNY Mellon plans to launch ETF focusing on innovation space

The BNY Mellon Innovators ETF will invest in innovation-driven companies, which are considered to be ‘leading-edge’ firms.

By Bloomberg
DOL’s ESG rule hit with long-shot lawsuit
RETIREMENT PLANNING JAN 31, 2023
DOL’s ESG rule hit with long-shot lawsuit

A legal challenge to the agency's rule on investments in retirement plans was inevitable, lawyers say.

By Emile Hallez
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist
ALTERNATIVES JAN 30, 2023
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist

Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.

By Bloomberg
Finra bars ex-UBS broker in Texas who sold phony annuities
ALTERNATIVES JAN 30, 2023
Finra bars ex-UBS broker in Texas who sold phony annuities

According to Robert Earl Turner's BrokerCheck profile, UBS has settled six disputes with his customers for close to $12 million.

By Bruce Kelly
Rally in gold revives debate over allocations to the precious metal
EQUITIES JAN 30, 2023
Rally in gold revives debate over allocations to the precious metal

Up 17% over the past three months, gold is turning heads as a potential hedge.

By Jeff Benjamin
More advisors are jumping on the bitcoin bandwagon
RIAS JAN 27, 2023
More advisors are jumping on the bitcoin bandwagon

With the cryptocurrency's price up 40% so far this year, a new report shows a doggedly bullish outlook among investors and advisors willing to look past extreme volatility.

By Jeff Benjamin
ChatGPT’s ability to make a market-beating ETF is put to the test
FINTECH JAN 27, 2023
ChatGPT’s ability to make a market-beating ETF is put to the test

The AI tool explains that the market is too unpredictable to design such a fund, while warning about the need to pick investments that align with goals and risk tolerance.

By Bloomberg
ESG debt pile barreling toward $5 trillion 
ESG JAN 27, 2023
ESG debt pile barreling toward $5 trillion 

The Institute of International Finance forecasts a rebound in environmental, social bond issuance.

By Bloomberg
Portfolio manager providing retirement investors diversification, defense
RETIREMENT PLANNING JAN 26, 2023
Portfolio manager providing retirement investors diversification, defense

Fund manager Michael Cuggino talks about the value that asset classes like precious metals and real estate can provide.

By Gregg Greenberg
Democrats launch sustainable investment caucus
ESG JAN 26, 2023
Democrats launch sustainable investment caucus

The effort comes as Republicans have increasingly supported an anti-ESG push, largely led by the states, including Texas and Florida.

By Emile Hallez
Popular 401(k) funds off to strong start in 2023
RETIREMENT PLANNING JAN 25, 2023
Popular 401(k) funds off to strong start in 2023

After tanking in 2022, some of the biggest actively managed funds in 401(k)s are outperforming thanks to a comeback in tech stocks.

By Bloomberg
Morgan Stanley's ETF debut strikes chord with fees, tests market with ESG focus
ESG JAN 25, 2023
Morgan Stanley's ETF debut strikes chord with fees, tests market with ESG focus

Nearly a year after it announced plans to enter the ETF space, the wirehouse is banking on its Calvert brand to carry the day.

By Jeff Benjamin
Wisconsin advisor pulled $1.9 million fraud on clients
RIAS JAN 25, 2023
Wisconsin advisor pulled $1.9 million fraud on clients

The advisor, Anthony B. Liddle, 40, was barred from the securities industry last June by the Financial Industry Regulatory Authority Inc.

By Bruce Kelly
Does the 60/40 rule need revising given the surge in alts?
ALTERNATIVES JAN 25, 2023
Does the 60/40 rule need revising given the surge in alts?

At a panel at FSI OneVoice, one speaker suggested the revised math for portfolios could wind up in the neighborhood of 55% stocks, 35% bonds and 10% alternative investments.

By Bruce Kelly
Broadridge adds ESG comparison service
FINTECH JAN 25, 2023
Broadridge adds ESG comparison service

The data, which is aggregated to artificial intelligence, cover more than 5,000 North American companies across 385 ESG topics.

By ESG Clarity
ESG is about quality, not quantity
OPINION JAN 24, 2023
ESG is about quality, not quantity

We have reached a moment of reflection after a period of exuberant expansion.

By Matt Patsky