Charles Schwab Investment Management has filed a registration statement with the SEC for its first actively managed exchange-traded fund.
The fund, the Schwab Ariel ESG ETF, also will be Schwab's first fund based on environmental, social and governance criteria.
The fund will be sub-advised by Ariel Investments and make its holdings public with a 60-day lag via periodic regulatory filings. However, the fund will post a daily proxy portfolio.
The new ETF will be listed on the NYSE and invest primarily in small- and mid-cap stocks that fall into the range of the Russell 2500 index and meet criteria set by Ariel Investments’ ESG strategy.
Edward Jones’ job cuts and overall realignment internally are contributing to higher costs for the company, it said in its recent quarterly report.
Meanwhile, Fifth Third's RIA arm adds a former billion-dollar BNY trio in Boulder, Colorado, while a hybrid RIA opens a new North Carolina location with a former Raymond James-affiliated team.
Analysis highlights swelling out-of-pocket costs and wasted time on paperwork, with an outsized toll on businesses and around crypto transactions.
The appointment to its investment management arm comes roughly a year after the firm first announced plans to launch its own exchange-traded fund platform.
With trillions of dollars in transit, HNW expert sees a bigger picture.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
