Investing

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Smart-beta funds don't live up to the backtesting
MUTUAL FUNDS SEP 03, 2020
Smart-beta funds don't live up to the backtesting

An academic study finds strategies that outperformed on paper disappoint once they're packaged as ETFs

By Bloomberg
Why ROI is the wrong metric for guaranteed income
OPINION SEP 03, 2020
Why ROI is the wrong metric for guaranteed income

Comparing annuities to traditional assets and focusing on rates of return undermines the value they provide

By Philip E. Caminiti
Tech shares post biggest decline since June
EQUITIES SEP 03, 2020
Tech shares post biggest decline since June

The Nasdaq 100 fell as much as 5.4% as Apple, Tesla and Amazon all sank

By Bloomberg
Just say no to annuities, one-third of RIAs say: Survey
RIA NEWS SEP 02, 2020
Just say no to annuities, one-third of RIAs say: Survey

More advisers are becoming open to the products, but many still don't like their costs, complexity and lack of liquidity

By Emile Hallez
Finra sanctions two Wells Fargo B-Ds for failure to supervise VA switches
LIFE INSURANCE AND ANNUITIES SEP 02, 2020
Finra sanctions two Wells Fargo B-Ds for failure to supervise VA switches

Firms will pay $1.4 million in restitution to about 100 clients and fines of $675,000

By InvestmentNews
401(k) plan savings challenge has been solved
RETIREMENT PLANNING SEP 02, 2020
401(k) plan savings challenge has been solved

It's clear auto enrollment and auto escalation help employees save. Why aren't more smaller plan sponsors using them?

By Fred Barstein
Advisers wary of becoming gatekeepers to private markets
RIA NEWS SEP 02, 2020
Advisers wary of becoming gatekeepers to private markets

The Investment Adviser Association wants discretionary clients of fiduciaries to be accredited

By Mark Schoeff Jr.
Latest 401(k) lawsuit filed in an avalanche of COVID-19 litigation
RETIREMENT PLANNING SEP 02, 2020
Latest 401(k) lawsuit filed in an avalanche of COVID-19 litigation

The law firm Capozzi Adler has brought numerous cases this year on behalf of plan participants

By Emile Hallez
Health savings account assets now top $73.5 billion
RETIREMENT PLANNING SEP 01, 2020
Health savings account assets now top $73.5 billion

The number of accounts has grown to more than 29 million in the past year

By InvestmentNews
Envestnet launches annuities on MoneyGuide platform
FINTECH AUG 31, 2020
Envestnet launches annuities on MoneyGuide platform

MoneyGuide users are now able to model various annuity strategies to identify and act on income gaps their clients may face

By Nicole Casperson
Cash-like ETFs see big outflows
MUTUAL FUNDS AUG 31, 2020
Cash-like ETFs see big outflows

Investors are exiting such funds at the fastest pace ever as stocks surge and corporate bonds look more appealing

By Bloomberg
Finra censures and fines Wells Fargo $350,000
ALTERNATIVES AUG 31, 2020
Finra censures and fines Wells Fargo $350,000

Regulator says the firm failed to supervise reps’ sales of risky energy securities

By InvestmentNews
Volatility gauges flash warning for stock rally
EQUITIES AUG 28, 2020
Volatility gauges flash warning for stock rally

Wednesday's rallies in the S&P 500 and Nasdaq indexes were accompanied by gains in their volatility measures

By Bloomberg
Active management fails to impress amid 2020 markets
MUTUAL FUNDS AUG 27, 2020
Active management fails to impress amid 2020 markets

The Morningstar analysis of results so far this year does not bode well for active managers

By Jeff Benjamin
GPB problems come home to roost for advisers
ALTERNATIVES AUG 27, 2020
GPB problems come home to roost for advisers

Investors take aim at an adviser, who sold GPB products, in numerous Finra arbitration claims

By Bruce Kelly
In a bad year for annuities, these products are selling best
RETIREMENT PLANNING AUG 27, 2020
In a bad year for annuities, these products are selling best

Some types of annuities are getting a lot of attention even though sales are down overall

By Emile Hallez
Vanguard revamps money funds, lowering costs
MUTUAL FUNDS AUG 27, 2020
Vanguard revamps money funds, lowering costs

The $125 billion Prime Fund will be renamed Cash Reserves Federal Money Market Fund

By InvestmentNews
Fed adopts more relaxed approach to fighting inflation
FIXED INCOME AUG 27, 2020
Fed adopts more relaxed approach to fighting inflation

The adjustment in monetary policy could keep interest rates low for years to come

By Bloomberg
Fidelity offers first Bitcoin fund
ALTERNATIVES AUG 27, 2020
Fidelity offers first Bitcoin fund

The passively managed fund will be available to qualified purchasers, with the minimum investment set at $100,000

By Bloomberg
SEC expands sophisticated investor pool
ALTERNATIVES AUG 26, 2020
SEC expands sophisticated investor pool

Democratic commissioners, other critics say the agency lacks understanding of risks posed by private market

By Mark Schoeff Jr.