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Republicans, Democrats could agree on some adviser issues after midterm elections
ALTERNATIVES OCT 20, 2022
Republicans, Democrats could agree on some adviser issues after midterm elections

There's some chance that members of both parties will want to open private markets to more ordinary investors.

By Mark Schoeff Jr.
Investment scams targeting the elderly surge, government agency reports
ALTERNATIVES OCT 20, 2022
Investment scams targeting the elderly surge, government agency reports

The Federal Trade Commission says older Americans lost $147 million in 2021, up 213% from 2020, with crypto rip-offs being a leading culprit.

By Mark Schoeff Jr.
IRS gives more clarity on how to report digital assets
ALTERNATIVES OCT 19, 2022
IRS gives more clarity on how to report digital assets

In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.

By Bloomberg
Swamped by legal costs, broker-dealer files for bankruptcy protection
ALTERNATIVES OCT 19, 2022
Swamped by legal costs, broker-dealer files for bankruptcy protection

Atlanta-based Kalos Capital has been crushed by more than $9 million in legal fees and costs related to sales of GPB private placements.

By Bruce Kelly
ETF would give retail access to catastrophe bonds
LIFE INSURANCE AND ANNUITIES OCT 19, 2022
ETF would give retail access to catastrophe bonds

The ESG product would seek to expand disaster coverage and provide pricing transparency.

By Emile Hallez
Lead broker-dealer seller of GWG L bonds sues its insurers
ALTERNATIVES OCT 18, 2022
Lead broker-dealer seller of GWG L bonds sues its insurers

'No one is going to want to settle with broker-dealers over GWG claims until the bankruptcy is resolved,' an attorney said about the lawsuit filed by Emerson Equity.

By Bruce Kelly
Market sell-off puts mutual funds on track for $1 trillion of outflows in 2022
RIA NEWS OCT 17, 2022
Market sell-off puts mutual funds on track for $1 trillion of outflows in 2022

The appeal of the old-school fund wrapper is taking a big hit as investors and advisers move to the sidelines.

By Jeff Benjamin
Sustainable Leaders files for energy transition ETF
MUTUAL FUNDS OCT 17, 2022
Sustainable Leaders files for energy transition ETF

The product appears to be the first retail fund that the Boston-based institutional manager would provide.

By ESG Clarity
ESG group takes aim at Vanguard over stewardship
MUTUAL FUNDS OCT 17, 2022
ESG group takes aim at Vanguard over stewardship

The asset management firm is doing better on disclosure but has a long way to go, activist group says.

By Emile Hallez
Amid 2022 slowdown, RIA and tech SPAC deals sputter
RIA NEWS OCT 14, 2022
Amid 2022 slowdown, RIA and tech SPAC deals sputter

The promise of cold, hard cash tends to speed up time but how does that work in a bear market?

By Bruce Kelly
Morgan Stanley rides wealth management as a third-quarter highlight
WIREHOUSES OCT 14, 2022
Morgan Stanley rides wealth management as a third-quarter highlight

The wealth management group attracted $65 billion in net new asset during the quarter, pushing the total this year to $260 billion.

By Jeff Benjamin
Schwab responds to investor activism by giving fund shareholders more say in proxy voting
FINTECH OCT 13, 2022
Schwab responds to investor activism by giving fund shareholders more say in proxy voting

Pilot program marks the first time mutual fund and ETF investors have been asked their opinions on proxy matters.

By Jeff Benjamin
Satisfaction down, regret up for insurance and annuity owners, says J.D. Power study
LIFE INSURANCE AND ANNUITIES OCT 13, 2022
Satisfaction down, regret up for insurance and annuity owners, says J.D. Power study

Customer satisfaction drops soon after life insurance and annuities are purchased according to a new survey.

By Gregg Greenberg
Betterment's crypto portfolios include allocations to Dogecoin
ALTERNATIVES OCT 12, 2022
Betterment's crypto portfolios include allocations to Dogecoin

The robo will now offer four managed portfolios of cryptocurrencies alongside its traditional investment portfolios.

By Ryan W. Neal
Advice industry tilts toward model portfolios as surest path to building scale
RIA NEWS OCT 12, 2022
Advice industry tilts toward model portfolios as surest path to building scale

Client-level investment management is gradually going the way of white tennis balls as asset management becomes increasingly commoditized.

By Jeff Benjamin
Simplify donates ETF’s $100,000 net profit to cancer group
MUTUAL FUNDS OCT 12, 2022
Simplify donates ETF’s $100,000 net profit to cancer group

The ETF is designed so that all net profits from managing the fund are donated to Susan G. Komen on an annual basis.

By InvestmentNews
More millennials turning to alternative investments to fund their futures
ALTERNATIVES OCT 11, 2022
More millennials turning to alternative investments to fund their futures

A BofA survey finds that wealthy young investors have lost confidence in the stock market as a primary vehicle for creating wealth and instead prefer assets like cryptocurrency, real estate and private equity.

By Bloomberg
Rising interest rates make cash management fun again
EQUITIES OCT 10, 2022
Rising interest rates make cash management fun again

Financial advisers are adding value by finding higher yields for clients' cash balances.

By Jeff Benjamin
DOL set to finalize ESG rule for retirement plans
RETIREMENT PLANNING OCT 07, 2022
DOL set to finalize ESG rule for retirement plans

The final rule is coming out at a time when sustainable investing has become a political flashpoint.

By Emile Hallez
Joe Biden lights up marijuana stocks
ALTERNATIVES OCT 07, 2022
Joe Biden lights up marijuana stocks

The presidential pardon for those with marijuana convictions was interpreted as a step toward federal decriminalization and sparked a rally in funds offering exposure to cannabis companies.

By Jeff Benjamin