Latest News


  • News
  • December 3, 2021

Adidas wins 401(k) lawsuit

The plaintiffs failed to make any factual allegations about the Adidas plan sponsor’s process of selecting investments, the magistrate judge noted.

  • News
  • December 3, 2021

Ritholtz, WisdomTree launch crypto index separate account

Riding the directiindexing wave, the WisdomTree Crypto Index is designed for advisers but could also offer direct access for retail investors.

  • News
  • December 3, 2021

Qualified Plan Advisors launches pooled employer plan

The retirement plan consulting firm is partnering with Newport Group on the PEP, which it says will be available to employers of all sizes.

  • News
  • December 3, 2021

Elizabeth Warren grills Bitcoin miner on climate

The Massachusetts senator is asking Greenidge Generation how its Bitcoin mining operations will affect climate change and the local environment.

  • News
  • December 2, 2021

Pershing dives into direct indexing with latest deal

The acquisition of San Jose, California-based fintech Optimal Asset Management meets a growing client need for greater investment customization, according to the company.

  • News
  • December 2, 2021

SEC tensions over crypto regulation emerge at meeting

At a meeting of the SEC Investor Advisory Committee, SEC Chair Gensler says many digital tokens are securities and fall under its jurisdiction, while Commissioner Peirce says agency is applying 'strategic ambiguity' to pursue enforcement first.

  • News
  • December 2, 2021

Insurance network for RIAs says MYGA is the future for annuity sales

DPL added 11 more multi-year guaranteed annuities, or MYGAs, to its commission-free marketplace, which previously included a single product in that category.

  • News
  • December 2, 2021

Helping investors cut through the noise of ESG investing

Despite record-level asset flows into ESG strategies, the category is still saddled with a reputation it has long outgrown.

  • News
  • December 2, 2021

Hightower firm acquires a $340 million RIA

Lexington Wealth Management is adding Thompson Wealth Management, which is also based in Massachusetts.

  • News
  • December 2, 2021

FSC reps managing $230 million switch to LPL

The four-adviser team, HPK Provident Advisors, is based in Bridgeville, Pennsylvania, and Sarasota, Florida.

  • News
  • December 2, 2021

Raymond James adds $670 million team in South Carolina

The Clauss & Ellison Group, a three-person team from Merrill Lynch, is joining the firm’s employee adviser channel.

  • News
  • December 2, 2021

State Street cuts fees to grab more bond ETF flows

The asset manager lowered the expense ratios on three corporate bond exchange-traded funds to 0.04% from 0.07%.

  • News
  • December 1, 2021

Experts downplay need for universal ESG standards

The key is for funds to be transparent about their investment strategies and live up to them, panelists at the InvestmentNews ESG Summit said.

  • News
  • December 1, 2021

Fidelity heads to Canada with Bitcoin ETF

Since U.S. regulators are balking at approving funds that invest directly in Bitcoin, Fidelity will launch the Fidelity Advantage Bitcoin ETF in Canada.

  • News
  • December 1, 2021

Reimagining retirement income.

Learn how BlackRock’s research-backed solutions can help participants generate income in retirement.

  • News
  • December 1, 2021

ESG market controlled by a few big investors

About $120 billion has flowed into ESG exchange-traded funds in 2021, but just a handful of institutional investors control a large part of the market.

  • News
  • December 1, 2021

Aspiriant acquires $350 million San Diego-based firm

HearthStone’s seven employees work with 150 clients, including affluent families and professional fiduciaries.

  • News
  • December 1, 2021

Mariner buys $393 million Phoenix-based firm

The deal for Robinson Tigue Sponcil is Mariner’s 10th transaction this year.

  • News
  • December 1, 2021

University of Miami inks $1.9M settlement over retirement plans

Plaintiffs in a 2020 class-action lawsuit claimed the school failed to select competitive investments and administrative services.

  • News
  • December 1, 2021

CI Financial adds $615 million Matrix Capital Advisors

Starting from scratch two years ago, the Canadian aggregator has amassed nearly $100 billion in U.S. RIA assets. Total assets globally are anticipated to reach $271 billion when all current pending deals close.


Popular Topics