Investing

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Crypto market extends losses as Binance drops FTX takeover offer
ALTERNATIVES NOV 09, 2022
Crypto market extends losses as Binance drops FTX takeover offer

The news that Binance withdrew its offer sent bitcoin to its lowest level since November 2020.

By Bloomberg
Crypto markets plummet as sense of dread hits FTX clients
ALTERNATIVES NOV 09, 2022
Crypto markets plummet as sense of dread hits FTX clients

Customers of the fallen crypto exchange pulled out $430 million worth of bitcoin in the space of just four days.

By Bloomberg
SPAC boom over, NYSE moves to delist warrants of Schorsch-backed company
EQUITIES NOV 08, 2022
SPAC boom over, NYSE moves to delist warrants of Schorsch-backed company

The exchange said the warrants weren't suitable for listing because of their extremely low pricing.

By Bruce Kelly
Binance Holdings plans to acquire rival FTX.com
ALTERNATIVES NOV 08, 2022
Binance Holdings plans to acquire rival FTX.com

The proposed deal for Sam Bankman-Fried's 3-year-old exchange will 'help cover the liquidity crunch.'

By Bloomberg
JPMorgan, money managers pushing back against proposed SEC names rule
RIA NEWS NOV 08, 2022
JPMorgan, money managers pushing back against proposed SEC names rule

The agency is floating tighter rules that would require certain funds to have at least 80% of assets correspond to investment strategies listed in their names.

By Bloomberg
TAMPs and fee-based annuities headline first day of RIA Summit 2022
RIA NEWS NOV 07, 2022
TAMPs and fee-based annuities headline first day of RIA Summit 2022

Turnkey asset management platforms can help advisers grow their practices, panelists say.

By Ryan W. Neal
Platform lets retirement savers access crypto investments
RETIREMENT PLANNING NOV 07, 2022
Platform lets retirement savers access crypto investments

ForUsAll says its Alt401(k) platform enables employees to invest in crypto through a brokerage window. Meanwhile, the firm has filed a lawsuit challenging the DOL's crypto warning.

By Mark Schoeff Jr.
3 guaranteed-income strategies for an uncertain economy
RETIREMENT PLANNING NOV 07, 2022
3 guaranteed-income strategies for an uncertain economy

Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.

By Gregg Greenberg
BlackRock to open proxy voting to some retail investors
MUTUAL FUNDS NOV 04, 2022
BlackRock to open proxy voting to some retail investors

Initially, the program will be available to UK investors, but it could eventually expand to all fund shareholders.

By Emile Hallez
ETF strategy that avoids noise of open markets will arouse adviser curiosity
RIA NEWS NOV 03, 2022
ETF strategy that avoids noise of open markets will arouse adviser curiosity

NightShares bets on the serene sophistication of markets that are closed to beat the indexes by sitting out the action during the day.

By Jeff Benjamin
JPMorgan executes first live trade on public blockchain
ALTERNATIVES NOV 03, 2022
JPMorgan executes first live trade on public blockchain

The bank issued tokenized $71,000 as part of the Singapore central bank’s pilot programs exploring the use of decentralized finance in the banking sector.

By Bloomberg
Fidelity to launch commission-free retail crypto trading platform
ALTERNATIVES NOV 03, 2022
Fidelity to launch commission-free retail crypto trading platform

The brokerage has opened up a wait list for its new service Fidelity Crypto which will offer custody and trading of Bitcoin and Ethereum.

By Bloomberg
The ESG case for direct indexing
MUTUAL FUNDS NOV 02, 2022
The ESG case for direct indexing

The prospect of providing clients with a custom portfolio that meets their guidelines is something advisers see as adding value to their services.

By Emile Hallez
Swiss private equity conglomerate targets wealthy US advisory clients
RIA NEWS NOV 02, 2022
Swiss private equity conglomerate targets wealthy US advisory clients

Partners Group, a $131 billion PE operation, is building out its US footprint with the launch of Private Wealth.

By Jeff Benjamin
Vanguard to begin testing proxy voting pilot program for retail clients early next year
MUTUAL FUNDS NOV 02, 2022
Vanguard to begin testing proxy voting pilot program for retail clients early next year

Instead of making decisions exclusively on its own, Vanguard will give individual investors in several equity index funds more options about how their shares are voted.

By Bloomberg
States where investors have the least interest in cryptocurrencies
ALTERNATIVES NOV 02, 2022
States where investors have the least interest in cryptocurrencies

Crypto site Bitstacker.com analyzed Google data on search terms related to digital assets and scored each state on its residents’ use of the search terms.

By InvestmentNews
McKinsey: Asset managers need to trim overhead just to keep up in this market
EQUITIES NOV 01, 2022
McKinsey: Asset managers need to trim overhead just to keep up in this market

The industry's overhead grew by $71 billion over the past decade, according to a new report, and the solution will be fewer products, de-layered workforces and more reliance on technology.

By Jeff Benjamin
Morningstar Wealth jumps into the direct indexing game
RIA NEWS NOV 01, 2022
Morningstar Wealth jumps into the direct indexing game

The new platform will leverage technology to help financial advisers move clients onto the platform for personalization and tax management.

By Jeff Benjamin
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed
MUTUAL FUNDS OCT 31, 2022
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed

Risk assets of all stripes have been climbing amid optimism that the Fed will dial back the pace of its rate hikes after it announces what's expected to be its fourth 75-basis-point rate hike in a row this week.

By Bloomberg
Oppenheimer moves to cancel $36.7 million arbitration decision
ALTERNATIVES OCT 31, 2022
Oppenheimer moves to cancel $36.7 million arbitration decision

While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.

By Bruce Kelly