Northern Trust Asset Management is seeking requests for information from minority-owned broker-dealers, as well as those owned by women, veterans and people with disabilities, to provide trade execution services.
Last year, the asset manager increased from 10% to 15% its diversity target for all equity security trading commissions regarding its common and collective funds. Last year, it topped its target, to 18%, the firm said in a release.
In addition to considering ownership structure, Northern Trust evaluates broker-dealers on requirements for execution, technology, compliance and performance. It expects to announce the selected broker-dealers in the fourth quarter.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
