Defendants in the long-running case have been ordered to pay restitution to more than 200 plans. Assets were allegedly siphoned from benefits payments to buy property and used for other personal expenses.
The regulator sued five BitConnect promoters in May for their roles in promoting the scheme by creating testimonials on YouTube, sometimes multiple times a day.
ESG ETFs have investments related to solving social issues in the country such as racial disparities and better health care.
Luma Financial Technologies' new tool, Luma Compare, lets advisers compare a variety of products.
Cooper, the company's chief investment officer, succeeds Dennis Glass, who has been chief executive since 2007.
The funds will be made available for clients of its robo-adviser Personal Advisor Services through advised portfolios as part of a five-fund active equity offer.
Despite the difficulty of the conversation, clients are most often receptive to planning for health problems later in life, including diminished mental capacity.
I thought we were all supposed to be free-wheeling capitalists in the financial advice industry — unless you recently worked for mutual fund giant American Century Companies and at least one of its local competitors.
One big basket of shares can easily look a lot like the next. But a catchy or memorable moniker can help a fund stand out.
The average expense ratio on funds last year was less than half of what it was in 2000, according to Morningstar's annual study of fund fees.
More than half the climate-themed funds reviewed by a nonprofit failed to live up to the climate goals set out in the Paris Agreement, while just over 70% of funds promising ESG goals fell short.
Telehealth was the benefit that the most firms plan to increase, while 60% of those surveyed currently offer financial wellness.
Executives at the 90-year-old asset manager have high hopes for building out Capital Group as a global ETF brand, with designs on a $500 billion business.
Long-short strategy launching by October to focus on global consumer, tech, financial and healthcare stocks with $1 billion or more.
The sponsor of the American Funds mutual fund family will release six fully transparent exchange-traded funds in the first quarter.
The process of mining cryptocurrency sops up more energy than entire nations. Lawmakers like Elizabeth Warren, and billionaires like Bill Gates, have recently called attention to the environmental impacts.
Identifying skilled managers is difficult, and plan sponsors should be careful about choosing active management, an online book from the CFA Institute Research Foundation notes.
The nation's biggest life insurer will now pay a minimum wage of $20 an hour, up from $15, as it joins other firms boosting pay amid labor shortages.
The asset manager known mostly for its money market funds has high hopes for its late move into fast-growing exchange traded funds. The firm first filed plans to launch the fund 10 years ago.
The enforcement action centered on a decision in April 2019 to replace third-party ETFs in approximately 20,000 automated accounts with funds sponsored by the firm’s parent company, Social Finance Inc.
