Investing

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Anticipating more pain ahead, advisers stress long-term perspective
EQUITIES JUN 15, 2022
Anticipating more pain ahead, advisers stress long-term perspective

While the stock market has officially entered a bear market, so far it doesn't feel like March 2009, when the market declined 30%, or October 1987, when it lost 20% in one day.

By Jeff Benjamin
Bitcoin’s unrelenting sell-off puts prices on verge of $20,000
ALTERNATIVES JUN 15, 2022
Bitcoin’s unrelenting sell-off puts prices on verge of $20,000

Bitcoin, the largest token, has fallen for nine straight days, the longest losing streak since 2014.

By Bloomberg
Senate committee poised to vote on retirement savings bill
RETIREMENT PLANNING JUN 13, 2022
Senate committee poised to vote on retirement savings bill

The measure is likely to become part of a larger Senate counterpart to the comprehensive retirement savings bill known as SECURE 2.0 that was approved in the House earlier this year.

By Mark Schoeff Jr.
As markets slide, more advisers are sending clients to I bonds
EQUITIES JUN 13, 2022
As markets slide, more advisers are sending clients to I bonds

Investing in the Treasury-backed inflation hedge comes with a few challenges, but the 9.62% yield is seen as worth the effort.

By Jeff Benjamin
When it comes to fees, how advisers charge is as important to clients as how much
PRACTICE MANAGEMENT JUN 13, 2022
When it comes to fees, how advisers charge is as important to clients as how much

Deducting fees from client portfolios can introduce the punishing long-term consequences of reverse compounding.

By Jeff Benjamin
Yellen says crypto is ‘very risky’ option for retirement savers
RETIREMENT PLANNING JUN 10, 2022
Yellen says crypto is ‘very risky’ option for retirement savers

Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.

By Bloomberg
How investors are engaging with companies over abortion access
RETIREMENT PLANNING JUN 09, 2022
How investors are engaging with companies over abortion access

Recent shareholder proposals over reproductive rights have been made at Lowe's, TJX and Walmart.

By Emile Hallez
Reps at firm that sold GWG bonds wanted more exposure to risky alts: B-D execs
ALTERNATIVES JUN 09, 2022
Reps at firm that sold GWG bonds wanted more exposure to risky alts: B-D execs

Bill Hamm of IFP Securities said the SEC started its inquiries last year into broker-dealers that had sold GWG bonds.

By Bruce Kelly
SEC takes aim at payment-for-order flow
EQUITIES JUN 08, 2022
SEC takes aim at payment-for-order flow

SEC Chair Gary Gensler is proposing sweeping changes to the rules underpinning the U.S. stock market, including a possible auction mechanism that would help retailer investors get the best pricing for their orders.

By Bloomberg
Putnam planning 5 new active ESG-focused ETFs
ETFS JUN 08, 2022
Putnam planning 5 new active ESG-focused ETFs

The new exchange-traded funds will serve as the underlying components for Putnam's ESG-focused target-date series, in addition to the company's existing Sustainable Leaders ETF and Sustainable Future ETF.

By InvestmentNews
In its first RIA buy, Alera Group nearly quadruples its assets to $4.7 billion
RETIREMENT PLANNING JUN 08, 2022
In its first RIA buy, Alera Group nearly quadruples its assets to $4.7 billion

Private equity-backed Alera Group acquires $3.5 billion Wharton Business Group and says it plans to buy more firms.

By Jeff Benjamin
Citadel Securities, Virtu form crypto plan with Fidelity, Schwab
ALTERNATIVES JUN 07, 2022
Citadel Securities, Virtu form crypto plan with Fidelity, Schwab

The crypto offering, still in its early development, could be available late this year or early next.

By Bloomberg
Sweeping US crypto legislation targets stablecoins, mining
ALTERNATIVES JUN 07, 2022
Sweeping US crypto legislation targets stablecoins, mining

While chances of passage are slim ahead of November’s midterm elections, it could act as a starting point for negotiations next year.

By Bloomberg
Paxos to help broker-dealers introduce crypto trading to advisers
ALTERNATIVES JUN 07, 2022
Paxos to help broker-dealers introduce crypto trading to advisers

The blockchain infrastructure company is launching a business aimed at introducing cryptocurrency across a broker-dealer's workforce of financial advisers.

By Ryan W. Neal
Vanguard survey highlights retirement complexity, 'Great Resignation' mobility
RETIREMENT PLANNING JUN 07, 2022
Vanguard survey highlights retirement complexity, 'Great Resignation' mobility

Vanguard's influential 'How America Saves' report shows 401(k) plan participants are facing increasingly complex financial situations and life events.

By Gregg Greenberg
Hello to alternatives in retirement accounts
RETIREMENT PLANNING JUN 06, 2022
Hello to alternatives in retirement accounts

Even with the recent recoveries in the stock and bond markets, the classic 60/40 split may be a thing of the past, and some argue alternatives are the future.

By Gregg Greenberg
Lawsuit seeks to kill DOL guidance on using crypto in 401(k)s
RETIREMENT PLANNING JUN 03, 2022
Lawsuit seeks to kill DOL guidance on using crypto in 401(k)s

ForUsAll, a 401(k) provider that specializes in alternative investments, alleges that Labor exceeded its authority by trying to institute an effective ban.

By Mark Schoeff Jr.
Ex-broker who stole from pension plan gets 6½-year sentence
RETIREMENT PLANNING JUN 03, 2022
Ex-broker who stole from pension plan gets 6½-year sentence

John Sherman Jumper, a 17-year veteran of the securities industry, was based in Memphis, Tennessee.

By Bruce Kelly
Inflation, no longer deemed transitory, puts advisers in scramble mode
EQUITIES JUN 03, 2022
Inflation, no longer deemed transitory, puts advisers in scramble mode

The Biden administration is now saying upward pressure on prices could be the new reality, which has advisers getting more creative.

By Jeff Benjamin
Retiree travel dreams reimagined
RETIREMENT PLANNING JUN 02, 2022
Retiree travel dreams reimagined

Covid-era restrictions mean those traveling overseas should have backup plans for their health care and finances.

By Mary Beth Franklin