The fintech has purchased UBS Fund Advisor, the wirehouse’s legacy proprietary U.S. alternative investment manager and feeder fund platform that represents $7 billion in client assets.
The brokerage firm's in-house energy fund, Energy 11 L.P., reports $45 million in 'unpaid distributions' to investors.
The insurer will pay almost $21.6 million to consumers and their beneficiaries, along with $2.2 million to the New York State Medicaid program and a $2.5 million penalty to New York state.
The world's largest ETF, the $387 billion SPDR S&P 500 Trust, continues to fall victim to the trend as money managers gravitate to its lower-cost clone.
The asset manager said requiring new disclosures for funds that just consider ESG criteria among many other factors could muddle the situation.
The QDIA combines a target-date fund for younger individuals and Stadion’s StoryLine managed account service for participants aged 50 and older.
The wirehouse is also adding additional automation to its Shareworks and Equity Edge Online platforms.
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
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.
Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.
Regulator says rep defrauded clients by saying variable annuities were commission free.
Decades after coining the term 'exchange-traded fund,' the firm plans to offer four socially conscious funds under the Calvert label.
Strategic Financial Solutions has seven advisers and is based in Cedar Rapids, Iowa.
The agency is asking companies offering ESG funds whether they lend out shares, which could impact their ability to cast ballots in corporate elections.
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.
Both Modern Life and Farther closed $15 million funding rounds, suggesting technology for advisers is still seen as an attractive opportunity.
Fledgling ETF provider Strive Asset Management hopes to compete with BlackRock, Vanguard and State Street for proxy voting power.
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.
The new US Benchmark Series from F/m Investments offers traders exposure to three different government bonds.
The Amundi US Equity ESG Improvers SMA is two-thirds allocated to companies expected to improve their ESG score.
