Investing

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Finra hits Transamerica with $8.8 million sanction
LIFE INSURANCE AND ANNUITIES DEC 21, 2020
Finra hits Transamerica with $8.8 million sanction

The settlement includes $4.4 million in restitutions to harmed customers over the sales of unsuitable VA, mutual fund and 529 products

By Mark Schoeff Jr.
Darlings of 2020, ETFs expected to carry momentum into 2021
MUTUAL FUNDS DEC 21, 2020
Darlings of 2020, ETFs expected to carry momentum into 2021

Strong performance and low fees means the next leg of ETF growth might be just getting started

By Jeff Benjamin
Vanguard makes history with first $1 trillion equity fund
MUTUAL FUNDS DEC 16, 2020
Vanguard makes history with first $1 trillion equity fund

Vanguard Total Stock Market Index Fund includes both a mutual fund and an ETF

By Bloomberg
Morningstar and iShares team to revamp indexes
MUTUAL FUNDS DEC 15, 2020
Morningstar and iShares team to revamp indexes

iShares Morningstar ETF suite will track Morningstar's new index family

By InvestmentNews
Transamerica to halt sales of VAs with guarantees, fixed annuities
RETIREMENT PLANNING DEC 14, 2020
Transamerica to halt sales of VAs with guarantees, fixed annuities

The decision follows a similar one by Prudential Financial to stop selling variable annuities with living benefits, amid extremely low interest rates

By Emile Hallez
How much are nontraded REITs really worth?
OPINION DEC 10, 2020
How much are nontraded REITs really worth?

Advisers don't like it when REIT valuations bounce all over the place

By Bruce Kelly
Model portfolio assets hit $4.1 trillion in Q3
FINTECH DEC 08, 2020
Model portfolio assets hit $4.1 trillion in Q3

More than half of advisers say they expect to increase usage, according to a new survey by Broadridge Financial

By Nicole Casperson
Vanguard makes rare retreat as price war starts to take toll
MUTUAL FUNDS DEC 08, 2020
Vanguard makes rare retreat as price war starts to take toll

Net flows for the asset manager slowed in 2020 as rivals continued to roll out similar products and amid the rise of robo advice and almost-free trades

By Bloomberg
401(k)s warming to rainy day savings, student loan features
RETIREMENT PLANNING DEC 07, 2020
401(k)s warming to rainy day savings, student loan features

While the majority of plans don't include such options, employers have become more receptive to financial wellness, according to new research

By Emile Hallez
Maxine Waters urges Biden administration to overturn Reg BI
ALTERNATIVES DEC 07, 2020
Maxine Waters urges Biden administration to overturn Reg BI

The Chair of the House Financial Services Committee also targeted rules surrounding opening up private markets

By Mark Schoeff Jr.
7 reasons RIAs are adding insurance products
OPINION DEC 04, 2020
7 reasons RIAs are adding insurance products

As more commission-free products come to market, RIA firms are beginning to provide insurance solutions to clients

By David Lau
Americans experiencing high levels of financial stress, CFP Board finds
RETIREMENT PLANNING DEC 03, 2020
Americans experiencing high levels of financial stress, CFP Board finds

Health care is the top financial concern, survey reveals; 32% worry about unemployment

By InvestmentNews
Debut ETF issuers hit record this year
MUTUAL FUNDS DEC 03, 2020
Debut ETF issuers hit record this year

New rules that made launches easier and the SEC's approval of nontransparent funds have inspired 14 new firms to enter the market this year

By Bloomberg
Fund companies see target-dates adding annuities in future: Report
RETIREMENT PLANNING DEC 02, 2020
Fund companies see target-dates adding annuities in future: Report

The all-in-one products could also eventually include private equity, Cerulli Associates found

By Emile Hallez
Record-shattering flows into stock ETFs leave bond funds in dust
MUTUAL FUNDS DEC 02, 2020
Record-shattering flows into stock ETFs leave bond funds in dust

Equity ETFs attracted a record $81 billion as stocks rallied in November

By Bloomberg
Hottest debate on Wall Street is Bitcoin versus gold
ALTERNATIVES DEC 01, 2020
Hottest debate on Wall Street is Bitcoin versus gold

Bitcoin shot to a record just as billions of dollars have fled gold, renewing arguments about whether the digital currency can rival gold as an inflation hedge

By Bloomberg
DOL lifetime income rule under fire from lawmaker
RETIREMENT PLANNING NOV 24, 2020
DOL lifetime income rule under fire from lawmaker

Sen. Richard Neal, D-Mass., criticized the measure for not including an assumption that 401(k) balances appreciate

By Emile Hallez
Back-to-normal rally drives Dow above 30,000 for first time
EQUITIES NOV 24, 2020
Back-to-normal rally drives Dow above 30,000 for first time

Gains reflect hopes that vaccines and a peaceful presidential transition could give the economy a boost

By Bloomberg
JPMorgan says rebalancing could mean $300 billion exits stocks
EQUITIES NOV 23, 2020
JPMorgan says rebalancing could mean $300 billion exits stocks

The strong equity performance so far this month means large investors like balanced mutual funds may need to shift money into bonds before year-end

By Bloomberg
Macquarie and Wilshire to offer private investments fund
ALTERNATIVES NOV 20, 2020
Macquarie and Wilshire to offer private investments fund

Delaware Wilshire Private Markets Fund has $25,000 minimum

By InvestmentNews