Investing

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Massachusetts securities chief goes after single-stock ETFs
RIA NEWS AUG 18, 2022
Massachusetts securities chief goes after single-stock ETFs

William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.

By Jeff Benjamin
Vanguard offering passive ESG funds that exclude controversial industries
ETFS AUG 18, 2022
Vanguard offering passive ESG funds that exclude controversial industries

The investing giant will offer two ETFs tied to indexes that track large corporates and small- to medium-sized businesses in both Europe and the US.

By Bloomberg
Hedge fund snaps up LPL Financial shares
RIA NEWS AUG 17, 2022
Hedge fund snaps up LPL Financial shares

Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.

By Bruce Kelly
Massachusetts slaps MassMutual unit with $250,000 fine
LIFE INSURANCE AND ANNUITIES AUG 17, 2022
Massachusetts slaps MassMutual unit with $250,000 fine

Regulator says rep defrauded clients by saying variable annuities were commission free.

By InvestmentNews
Morgan Stanley files to offer its own ETFs
RIA NEWS AUG 17, 2022
Morgan Stanley files to offer its own ETFs

Decades after coining the term 'exchange-traded fund,' the firm plans to offer four socially conscious funds under the Calvert label.

By Bloomberg
$1.4 billion team joins Commonwealth from Principal
INDEPENDENT BROKER DEALERS AUG 16, 2022
$1.4 billion team joins Commonwealth from Principal

Strategic Financial Solutions has seven advisers and is based in Cedar Rapids, Iowa.

By InvestmentNews
ESG funds being probed by SEC over ceding votes on social issues
MUTUAL FUNDS AUG 15, 2022
ESG funds being probed by SEC over ceding votes on social issues

The agency is asking companies offering ESG funds whether they lend out shares, which could impact their ability to cast ballots in corporate elections.

By Bloomberg
Investors see 60/40 mix enduring despite recent turmoil, survey shows
FIXED INCOME AUG 15, 2022
Investors see 60/40 mix enduring despite recent turmoil, survey shows

The tactic has taken a beating this year as bonds were hit by the steepest slump in decades, compounding the stock market's losses instead of buffering against them.

By Bloomberg
Pair of adviser fintech startups pull in funding despite a decline in tech investing
FINTECH AUG 11, 2022
Pair of adviser fintech startups pull in funding despite a decline in tech investing

Both Modern Life and Farther closed $15 million funding rounds, suggesting technology for advisers is still seen as an attractive opportunity.

By Ryan W. Neal
Anti-ESG movement spawns new fund in battle against industry giants
RIA NEWS AUG 10, 2022
Anti-ESG movement spawns new fund in battle against industry giants

Fledgling ETF provider Strive Asset Management hopes to compete with BlackRock, Vanguard and State Street for proxy voting power.

By Jeff Benjamin
Vanguard wrests BlackRock’s spot as manager of world’s biggest bond ETF
MUTUAL FUNDS AUG 10, 2022
Vanguard wrests BlackRock’s spot as manager of world’s biggest bond ETF

The Vanguard Total Bond Market ETF, with assets of roughly $83.8 billion, has surpassed the $83.2 billion iShares Core U.S. Aggregate Bond ETF.

By Bloomberg
Single-stock ETF craze leads to single Treasury bond exposure
EQUITIES AUG 09, 2022
Single-stock ETF craze leads to single Treasury bond exposure

The new US Benchmark Series from F/m Investments offers traders exposure to three different government bonds.

By Jeff Benjamin
Amundi rolls out ESG separate account for wealthy investors
RIA NEWS AUG 09, 2022
Amundi rolls out ESG separate account for wealthy investors

The Amundi US Equity ESG Improvers SMA is two-thirds allocated to companies expected to improve their ESG score.

By Jeff Benjamin
The time is now to be more transparent about advisory fees
RIA NEWS AUG 08, 2022
The time is now to be more transparent about advisory fees

Advisers charging fees based on client assets are feeling a rare pinch of lower income against the backdrop of inflation. Now would be a good time to make that clear.

By Jeff Benjamin
BlackRock sees investors turning to thematic ETFs to hedge against inflation
RIA NEWS AUG 08, 2022
BlackRock sees investors turning to thematic ETFs to hedge against inflation

Interest seen in infrastructure, food-related and clean-energy themes as investors look for long-term structural trends.

By Bloomberg
Sustainable funds with the highest returns in a down year
MUTUAL FUNDS AUG 08, 2022
Sustainable funds with the highest returns in a down year

These 10 funds are doing the best, but they're not like the others.

By Emile Hallez
Alts are rockin’ the house!
ALTERNATIVES AUG 08, 2022
Alts are rockin’ the house!

Demand for income, inflation protection, enhanced returns and volatility dampening has created a ‘Goldilocks moment’ for alternative investments.

By Ryan W. Neal
Are your clients on the wrong glide path? 
RETIREMENT PLANNING AUG 08, 2022
Are your clients on the wrong glide path? 

If a target-date fund is among a client's investments, an adviser can check the fund’s glide path as well as the equity percentage of the portfolio.

By InvestmentNews
Insurers to suppliers: Time to get with the DEI program
LIFE INSURANCE AND ANNUITIES AUG 08, 2022
Insurers to suppliers: Time to get with the DEI program

As corporations strengthen efforts to diversify their cultures, employee population, recruiting, and community service, suppliers must realize that they are part of that values alignment, too.

By Joanne Cleaver
Covid-themed ETF shifts focus to monkeypox
EQUITIES AUG 05, 2022
Covid-themed ETF shifts focus to monkeypox

As the White House declares monkeypox a national health emergency, ETFMG tweaks its marketing without adjusting the portfolio.

By Jeff Benjamin