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Berkshire dips toe into ETF market
ETFS FEB 20, 2020
Berkshire dips toe into ETF market

In the fourth quarter, the company made investments from its huge pile of cash in two exchange-traded funds

By Bloomberg
Using trusts to fill the void of stretch IRAs and 401(k)s
RETIREMENT PLANNING FEB 19, 2020
Using trusts to fill the void of stretch IRAs and 401(k)s

The SECURE Act's 10-year window will cause many beneficiaries to spend rather than save, panelists said in an InvestmentNews webcast

By Emile Hallez
GPB's legal woes mount with fresh lawsuit from Volkswagen
ALTERNATIVES FEB 19, 2020
GPB's legal woes mount with fresh lawsuit from Volkswagen

At the center of the complaint is a dispute about which side controls three auto dealerships: GPB or Volkswagen

By Bruce Kelly
Franklin-Legg Mason combo could produce nontransparent ETF powerhouse
ETFS FEB 19, 2020
Franklin-Legg Mason combo could produce nontransparent ETF powerhouse

Will a majority stake in Precidian Investments put the merged firms on the ETF map?

By Jeff Benjamin
Retirement plan adviser M&A market poised to explode
RETIREMENT PLANNING FEB 19, 2020
Retirement plan adviser M&A market poised to explode

The mergers and acquisitions boom in the plan adviser market is only just beginning

By Fred Barstein
Annuity sales hit record in 2019 thanks to new breed of VA
RETIREMENT PLANNING FEB 18, 2020
Annuity sales hit record in 2019 thanks to new breed of VA

Strong fixed annuity sales and growing demand for registered index-linked annuities fuel last year's sales gain, according to a report from the Secure Retirement Institute

By Emile Hallez
Ric Edelman makes the case for Bitcoin at T3
ALTERNATIVES FEB 18, 2020
Ric Edelman makes the case for Bitcoin at T3

Despite Edelman's enthusiasm, his firm does not recommend digital assets to its clients

By Ryan W. Neal
BlackRock to co-manage high-yielding alternative income fund
ALTERNATIVES FEB 18, 2020
BlackRock to co-manage high-yielding alternative income fund

YieldStreet Prism Fund gives individual investors direct access to BlackRock's institutional expertise

By Jeff Benjamin
Finra bars no-show former Woodbury broker
LIFE INSURANCE AND ANNUITIES FEB 14, 2020
Finra bars no-show former Woodbury broker

Regulator was investigating Ronald Hannes for taking client funds intended to be used for life insurance

By InvestmentNews
American Century lifts the curtain on nontransparent ETFs
ETFS FEB 14, 2020
American Century lifts the curtain on nontransparent ETFs

The asset manager has high hopes for the first two ETFs it's preparing to launch with the unique new wrapper

By Jeff Benjamin
Next Financial to return $500,000 to clients over fund sales
MUTUAL FUNDS FEB 14, 2020
Next Financial to return $500,000 to clients over fund sales

Texas securities regulator also fines the firm $100,000 for failure to supervise

By InvestmentNews
SEC calls out ‘egregious’ acts of barred executive
ALTERNATIVES FEB 14, 2020
SEC calls out ‘egregious’ acts of barred executive

Kimberly Springsteen-Abbott misused investor money, according to the commission's review of her barring by Finra

By Bruce Kelly
State regulators approve best-interest standard for annuity sales
LIFE INSURANCE AND ANNUITIES FEB 13, 2020
State regulators approve best-interest standard for annuity sales

Now individual states must adopt the measure through legislation or rule-making

By Mark Schoeff Jr.
T Rowe Price bumps up stock exposure in target-date series
RETIREMENT PLANNING FEB 13, 2020
T Rowe Price bumps up stock exposure in target-date series

Over two years, the fund manager will ramp up the equity allocations in its nearly $300 billion suites of target-date products

By Emile Hallez
Brokers must act in best interests of sophisticated investors, SEC says
ALTERNATIVES FEB 13, 2020
Brokers must act in best interests of sophisticated investors, SEC says

The latest update to Reg BI frequently asked questions asserts that the rule applies to high-net-worth customers

By Mark Schoeff Jr.
A convicted felon barred twice from selling securities, this adviser clings to insurance
LIFE INSURANCE AND ANNUITIES FEB 13, 2020
A convicted felon barred twice from selling securities, this adviser clings to insurance

What does it take for an insurance agent to lose his license?

By Bruce Kelly
For investors in green mutual funds, performance is ‘a wash’
MUTUAL FUNDS FEB 13, 2020
For investors in green mutual funds, performance is ‘a wash’

An analysis suggests there's no long-term advantage to picking sustainable funds over those without a sustainable focus, or vice versa

By Jon Hale
Trump budget could lead federal workers to put less money in Thrift Savings Plan
RETIREMENT PLANNING FEB 12, 2020
Trump budget could lead federal workers to put less money in Thrift Savings Plan

His proposed budget for 2021 lays out cuts to federal retirement benefits that would total $92 billion by 2030

By Emile Hallez
BofA starts selling benefits packages to corporate banking customers
RETIREMENT PLANNING FEB 12, 2020
BofA starts selling benefits packages to corporate banking customers

The company is pursuing more business with those clients by providing 401(k)s, HSAs and other benefits

By Emile Hallez
BlackRock climate vow pays off with new ETF's $600 million debut
MUTUAL FUNDS FEB 12, 2020
BlackRock climate vow pays off with new ETF's $600 million debut

Exchange-traded fund launched last week sees big investment from Finnish pension insurer

By Bloomberg