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States where investors have the least interest in cryptocurrencies
ALTERNATIVES NOV 02, 2022
States where investors have the least interest in cryptocurrencies

Crypto site Bitstacker.com analyzed Google data on search terms related to digital assets and scored each state on its residents’ use of the search terms.

By InvestmentNews
McKinsey: Asset managers need to trim overhead just to keep up in this market
EQUITIES NOV 01, 2022
McKinsey: Asset managers need to trim overhead just to keep up in this market

The industry's overhead grew by $71 billion over the past decade, according to a new report, and the solution will be fewer products, de-layered workforces and more reliance on technology.

By Jeff Benjamin
Morningstar Wealth jumps into the direct indexing game
RIA NEWS NOV 01, 2022
Morningstar Wealth jumps into the direct indexing game

The new platform will leverage technology to help financial advisers move clients onto the platform for personalization and tax management.

By Jeff Benjamin
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed
MUTUAL FUNDS OCT 31, 2022
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed

Risk assets of all stripes have been climbing amid optimism that the Fed will dial back the pace of its rate hikes after it announces what's expected to be its fourth 75-basis-point rate hike in a row this week.

By Bloomberg
Oppenheimer moves to cancel $36.7 million arbitration decision
ALTERNATIVES OCT 31, 2022
Oppenheimer moves to cancel $36.7 million arbitration decision

While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.

By Bruce Kelly
Liquid alts funds see inflows while mutual funds see record outflows
RIA NEWS OCT 31, 2022
Liquid alts funds see inflows while mutual funds see record outflows

With the old-school mutual fund wrapper continuing to suffer during the down-market cycle, alternative strategies represent a lone bright spot.

By Jeff Benjamin
Tech stocks weigh on funds popular with 401(k) plans
EQUITIES OCT 31, 2022
Tech stocks weigh on funds popular with 401(k) plans

Some funds held in many retirement savings plan have large holdings of stocks like Meta, Amazon.com and Apple, which is hurting the funds' performance this year.

By Bloomberg
LPL sees demand for yield products amid down market
INDEPENDENT BROKER DEALERS OCT 28, 2022
LPL sees demand for yield products amid down market

Commission revenue for fixed-income investments and annuities increased in the third quarter at LPL.

By Bruce Kelly
Merger to create mega life insurance marketing organization
LIFE INSURANCE AND ANNUITIES OCT 28, 2022
Merger to create mega life insurance marketing organization

Libra Insurance Partners and Insurance Designers of America have agreed to merge.

By InvestmentNews
Capital Group launches 3 actively managed fixed-income funds
MUTUAL FUNDS OCT 28, 2022
Capital Group launches 3 actively managed fixed-income funds

With focuses spanning from municipal bonds to short-duration debt, the ETFs are meant to offer access to high yields while managing risk linked to the Federal Reserve’s aggressive monetary policy.

By Bloomberg
States where investors have the most interest in cryptocurrency
ALTERNATIVES OCT 28, 2022
States where investors have the most interest in cryptocurrency

Crypto site Bitstacker.com analyzed Google data on search terms related to digital assets and scored each state on its residents’ use of the search terms.

By InvestmentNews
Annuity sales soared again in third quarter
LIFE INSURANCE AND ANNUITIES OCT 27, 2022
Annuity sales soared again in third quarter

Total annuity sales rose 27% to $79.6 billion in Q3, Limra reported, while fixed-rate deferred annuity sales came in 159% higher than in the same quarter last year.

By Gregg Greenberg
Nuveen bulks up private equity and private credit business with deal for Arcmont
ALTERNATIVES OCT 27, 2022
Nuveen bulks up private equity and private credit business with deal for Arcmont

The deal combines North American and European businesses to create Nuveen Private Capital, a global debt platform with more than $60 billion in committed capital.

By Jeff Benjamin
Rush to buy I bonds overwhelms Treasury website
FIXED INCOME OCT 26, 2022
Rush to buy I bonds overwhelms Treasury website

As investors try to buy the bonds before the rate drops, they're reporting glitches in creating accounts and delays in loading pages on the Treasury website, along with long wait times when calling the helplines.

By Bloomberg
Dividend ETFs see record $50 billion allocation bonanza so far this year
MUTUAL FUNDS OCT 26, 2022
Dividend ETFs see record $50 billion allocation bonanza so far this year

The cash flowing into dividend-focused exchange-traded funds is already running 25% higher than the record haul secured in 2021.

By Bloomberg
Premium fees and so-so returns on some ‘ESG’ funds
MUTUAL FUNDS OCT 26, 2022
Premium fees and so-so returns on some ‘ESG’ funds

Products that have high sustainability scores but aren't necessarily labeled as ESG are cheaper, according to a YCharts report.

By Emile Hallez
The stock market’s biggest tricks and treats
EQUITIES OCT 26, 2022
The stock market’s biggest tricks and treats

Goblins and ghouls are scary, but big moves in the stock market can elicit even more emotion among investors.

By InvestmentNews
Clock is ticking on 9.62% I bond yields
RIA NEWS OCT 25, 2022
Clock is ticking on 9.62% I bond yields

Financial advisers have until Nov. 1 to help clients lock in the current rate, which drops by a third to 6.48%.

By Jeff Benjamin
Four states move to shut down investment scheme tied to metaverse casinos
ALTERNATIVES OCT 24, 2022
Four states move to shut down investment scheme tied to metaverse casinos

State regulators filed cease-and-desist orders against an organization based in the country of Georgia that was selling non-fungible tokens known as Slotie NFTs.

By Mark Schoeff Jr.
Bond market doesn't see volatility fading away anytime soon
FIXED INCOME OCT 24, 2022
Bond market doesn't see volatility fading away anytime soon

While the high volatility can provide buying opportunities, any effort to call a bottom has been thwarted as yields drifted higher.

By Bloomberg