Offerings of the obscure, yet historically significant, financial product have been popping up in the global retirement marketplace of late.
Anti-greenwashing proposals are already having an effect, results of a US SIF survey suggest.
This month’s highlights include Savvy Wealth’s $11 million funding round to enter the realm of tech-enabled RIAs, along with DPL Partners’ new adviser-matching solution and InvestCloud’s Advisor Connect solution.
The money pouring into digital assets has attracted the attention of criminals.
But they need to be aware of stepped-up regulatory scrutiny of complex products, an expert tells advisers at the Financial Planning Association annual conference.
Gautam Arora allegedly defrauded four victims out of $100,000 to secure investments that didn't exist.
Trovata will host the Morgan Money corporate investing and trading solutions.
The new annuity functionality will help advisers using Morningstar's workstations manage annuity transactions for their clients.
Bankman-Fried, who was arrested Monday in the Bahamas, also concealed risks and FTX's relationship with his trading firm, Alameda Research, the agency says.
Additionally, BNY Mellon invests in a fixed-income fintech and Broadridge partners with IntraFi on securities-backed lending.
The liquidity issue is squarely in the laps of financial advisers who have never had to deal with the difficulties posed by nontraded REITs before.
The money manager is asking shareholders to sign off on a proposal to let 13 of its growth funds exceed limits on the size of their stakes in individual stocks.
The move comes just days after Blackstone Inc. announced it would limit withdrawals from its $69 billion fund.
Firms have brought 422 new ETFs to market so far this year, putting them on track to surpass last year's record.
In the second part of ESG Clarity's interview, Kunal Kapoor talks passives, personalization and proxies.
Supporters say the measure will help consumers grasp the product, a kind of variable annuity touted for its downside protection and used in retirement savings.
Newer ESG funds are coming to the market, and a greater share are sustainable funds, according to Cerulli.
The board urges advisers to approach the asset class, which has struggled in 2022, with caution.
The four Advisor Group firms sold investors GPB private placements but failed to tell them that GPB hadn't made required filings, including audited financial statements.
Financial House, a six-adviser group based in Centreville, Delaware, was established more than 30 years ago and is now in its second generation of owners.
