The rule, which was proposed last year and goes into effect next Tuesday, essentially replaces the defunct Obama-era version that regulated investment advice for 401(k)s and rollover IRAs. It provides an exemption for investment advice fiduciaries under the Employee Retirement Income Security Act.
Deborah Fuhr sits down with Greg Friedman, head of ETF Management and Strategy at Fidelity, to discuss the listing of the Fidelity Magellan ETF, the criteria investors should consider when deciding between using an ETF or a mutual fund.
Strong investor demand for sustainable investments pushes offering at the last minute up by $50 million to $800 million.
The regulator wants to install an industry veteran to run GPB to monitor its assets in auto dealerships and make sure investor interests are protected.
Legal experts say the cases will have a monumental challenge overcoming motions to dismiss. The lawsuits allege online brokerages entered into an agreement and conspiracy to prevent the market from operating normally.
The traditional mix of 60% equities and 40% bonds has come under threat of late as losses in the stock market are sometimes met with little more than a shrug in U.S. Treasuries, rather than a rally that protects the entire portfolio.
Survey finds most institutional investors look for sustainable investing and diversity criteria when hiring equity managers.
Survey shows 98% of advisers plan to increase or maintain client allocations to alts in the year ahead; the strategies most likely to see an increase in allocation are real estate, private equity and private credit.
GPB raised $1.8 billion from investors starting in 2013 through sales of private partnerships, but it has not paid investors steady returns, called distributions, since 2018.
In setting the firm's SRI strategy, Mike Hunstad offers invetors risk control that he said competitors often ignore.
Broker-dealers sold just $362.3 million in nontraded BDCs last year, the least since 2010, which was the year after the first product was launched, according to Robert A. Stanger & Co. Inc.
The real fun is just getting started, now that everybody and their mother knows what a short squeeze is.
The Bridgewater Associates founder calls Bitcoin ‘one hell of an invention.’ But he says that he finds it challenging to put a value on digital assets and that cryptocurrencies are probably vulnerable to being hacked.
Since the GameStop stock options frenzy that quietly began early this month and exploded over the past week, some traders have followed by investing in other shorted stocks, with prices surging far past the returns seen in the indexes that include them.
Some retirement plan advisers have cut green investing options from 401(k) plans following Trump's last-minute rule change.
Fidelity's new technology is designed to help advisers create ESG model portfolios and engage clients with impact investing.
