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Vanguard's first active bond ETF has 'disruption' written all over it
ETFS MAR 04, 2021
Vanguard's first active bond ETF has 'disruption' written all over it

The low-cost provider is planning a cash-alternative exchange-traded fund whose cost is about half that of popular ETFs in the category.

By Jeff Benjamin
iCapital leverages KKR to lure investors into private equity
ALTERNATIVES MAR 04, 2021
iCapital leverages KKR to lure investors into private equity

The rebranded PE fund targets the country's 13 million accredited households with an offer of access to KKR's investment expertise.

By Jeff Benjamin
DFA shifting $26 billion of mutual funds into ETFs
MUTUAL FUNDS MAR 04, 2021
DFA shifting $26 billion of mutual funds into ETFs

Quant giant Dimensional Fund Advisors has laid out a timeline for converting funds into exchange-traded funds.

By Bloomberg
The ESG space must take a hard line on greenwashing
EQUITIES MAR 03, 2021
The ESG space must take a hard line on greenwashing

The industry is nowhere near settled on a common vernacular. The ESG space needs more clarity and writing off greenwashing is not helping anyone.

By Jeff Benjamin
Assets in health savings accounts grew 25% in 2020
RETIREMENT PLANNING MAR 03, 2021
Assets in health savings accounts grew 25% in 2020

HSAs now hold more than $82 billion in assets, Devenir survey finds.

By InvestmentNews
Bob Doll to retire from Nuveen
EQUITIES MAR 03, 2021
Bob Doll to retire from Nuveen

The popular market strategist and forecaster is making an exit, a spokesperson confirmed on Tuesday. Doll, 66, who has worked in investment management for 42 years, is expected to officially depart at the end of March.

By Jeff Benjamin
Abacus Wealth merges with social justice RIA Robasciotti & Philipson
PRACTICE MANAGEMENT MAR 03, 2021
Abacus Wealth merges with social justice RIA Robasciotti & Philipson

Co-founders of the RIA Rachel Robasciotti and Maya Philipson will not work with clients at Abacus and will largely spend time managing their ETF. The firm reported $130 million in assets under management.

By Jeff Benjamin
Target-dates with guaranteed income, the new 401(k) pitch
RETIREMENT PLANNING MAR 03, 2021
Target-dates with guaranteed income, the new 401(k) pitch

American Century, Prime Capital Investment Advisors, Nationwide and Lincoln Financial Group collaborated, along with others, on the QDIA.

By Emile Hallez
GPB broker-dealer shuts down amid fraud charges
ALTERNATIVES MAR 01, 2021
GPB broker-dealer shuts down amid fraud charges

Ascendant Alternative Strategies changed its official status with Finra to termination requested. Founders of GPB, David Gentile and Jeff Schneider were arrested and charged with fraud last month by the FBI.

By Bruce Kelly
Nick Schorsch is back — and heading up a SPAC
ALTERNATIVES FEB 25, 2021
Nick Schorsch is back — and heading up a SPAC

The former nontraded REIT czar is looking for a next act in the securities industry, and this time it's a family affair.

By Bruce Kelly
$1.8 billion mutual fund halts redemptions over alleged fraud
EQUITIES FEB 24, 2021
$1.8 billion mutual fund halts redemptions over alleged fraud

The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.

By Jeff Benjamin
2 new ESG ETFs bring small- and mid-cap stocks into focus
EQUITIES FEB 24, 2021
2 new ESG ETFs bring small- and mid-cap stocks into focus

The funds are the first ETFs to track the environmental, social and governance versions of the indexes. The DWS suite of ESG ETFs come with a tracking error of about one percentage point.

By Jeff Benjamin
Bond ETFs hammered by growing inflation bets
MUTUAL FUNDS FEB 24, 2021
Bond ETFs hammered by growing inflation bets

Price pressures are expected to rise now that Covid-19 vaccines are being rolled out and given the prospect of more fiscal and monetary stimulus.

By Bloomberg
Principal, MetLife assume a $1.2 billion pension obligation
RETIREMENT PLANNING FEB 23, 2021
Principal, MetLife assume a $1.2 billion pension obligation

Retirees in the pension plan of Philips North America will receive the same monthly benefit.

By InvestmentNews
Principal launches strategic review after settlement with Elliott
LIFE INSURANCE AND ANNUITIES FEB 23, 2021
Principal launches strategic review after settlement with Elliott

The activist investor reportedly is pushing Principal to focus more on its wealth management operations and less on the life insurance business.

By Bloomberg
Wells Fargo Asset Management sold to private equity for $2.1 billion
ALTERNATIVES FEB 23, 2021
Wells Fargo Asset Management sold to private equity for $2.1 billion

Nico Marais will stay on as CEO of the $603 billion business after the sale to GTCR and Reverence Capital Partners, while there will be fresh faces on the board.

By Jeff Benjamin
Mixing target-dates with other funds linked with higher savings
RETIREMENT PLANNING FEB 22, 2021
Mixing target-dates with other funds linked with higher savings

Savers who invest in individual funds outside of their target-dates are generally better off not because of superior investment acumens – they’re just better at putting money into their accounts.

By Emile Hallez
Putnam latest old-school fund firm to sell semitransparent ETFs
EQUITIES FEB 18, 2021
Putnam latest old-school fund firm to sell semitransparent ETFs

The 84-year-old fund complex enters the ETF market with four funds, including two ESG strategies, and joins a host of fund companies seeking opportunities in the semitransparent space.

By Jeff Benjamin
Latest gold ETF times the market so advisers don't have to
EQUITIES FEB 18, 2021
Latest gold ETF times the market so advisers don't have to

The fund rebalances gold and cash based on recent market volatility. It marks the first product from Wilshire Phoenix after the firm spent much of the past two years trying to get a bitcoin ETF approved by the SEC.

By Jeff Benjamin
Ariel Investments launches firm to build minority businesses
ALTERNATIVES FEB 17, 2021
Ariel Investments launches firm to build minority businesses

The private asset management firm, Ariel Alternatives, aims to build certified minority enterprises that can supply Fortune 500 companies.

By InvestmentNews