The exchange will direct its listed companies to pursue board diversity — by having at least one female board member and at least one who identifies as a member of an underrepresented minority or LGBTQ — or explain why they don’t.
The rise of $1-billion-plus mega RIAs in the space, fed by an influx of private capital and deal-making, is a further sign of the business model’s maturity.
Inflows to the accounts rise to $4.7 billion during the quarter, from $3.7 billion in the first three months of the year.
The Investment Adviser Association isn't giving to the 147 legislators who voted to decertify presidential results. The Investment Company Institute has suspended donations for now. Other groups left the door open.
The leading TAMP by assets is racking up the number of advisers on its platform and new accounts are opening at a faster pace than prior quarters, said CEO Bill Crager in an earnings call.
The advisers are based in Virginia and the Carolinas; there's also one rep joining Janney from Wells Fargo.
The effort, WA Cares, is the first of its kind in the US and could serve as a model for other states.
Athene will provide benefits to about 18,000 participants in Lockheed’s pension plan. The deal follows a 2018 agreement between the two companies in which Athene assumed $800 million in obligations tied to around 9,000 retirees and beneficiaries of the aerospace giant’s pension plan.
Serafini Financial Group managed $853 million before the transaction.
The provision, tucked inside a massive infrastructure bill, would require tax reporting for transactions similar to securities. The measure seeks to ensure that details about digital transactions — such as purchase price, gains and losses — are reported to the IRS.
The purchase of the investment boutique will provide the RIA with expertise in alternatives.
Connecticut is among 11 states and cities that have enacted auto-IRA legislation, and it will be one of the few to go live.
The SEC chairman's nod toward '40 Act crypto funds is the only opening the ETF space needed.
The company sees no letdown in the future for M&A activity and estimates there are close to 1,000 firms in the U.S. that could become targets.
The shifts signal that the financial services industry is rethinking its return-to-office plans as the highly contagious delta variant sweeps across the country.
The three strategies it is rolling out as semitransparent ETFs are already available as mutual funds.
Finra cancelled the license of Florida-based Spartan Securities Group in 2019.
A recent survey showed most public companies are revealing information on climate change, but want mandatory ESG disclosures to be flexible.
Jeff Anderson and Doug McClure of Bothell, Washington, affiliate through Mainspring Wealth Advisors, an office of supervisory jurisdiction.
The list will help employers avoid lawsuits related to their retirement plans, according to the group that built it.
