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As Covid cancels industry events, advisers weigh attending what’s left
FPA is cancelled, but Morningstar is still on track. The industry is on edge over how to proceed in the most responsible fashion possible.
‘Guaranteed income’ preferred over ‘annuities’
The insurance industry recognizes that the word 'annuity' is not always received well. But that's only part of what hampers the products, according to two recent reports.
Vaccines encouraged at most advisory firms — but not required
The industry has differing views on vaccine requirements. BNY Mellon Pershing will start requiring them next month, while Vanguard Group Inc. is offering cash rewards.
Free Fidelity funds are flying off the shelves
Less than three years after the asset manager set the bar at zero fees for a suite of index funds, it has seen assets in the four funds grow to nearly $18 billion.
Why ETF track records are becoming an afterthought
Shrugging off the once-coveted, three-year performance record, advisers are pouring billions of dollars in assets into funds with untested histories.
What advisers really want from the next in-person conference
More than a year of virtual events highlighted the appeal of quality content, and could change the look and feel of industry events that will now have to balance glitz, content, fees and virtual access.
Federated Hermes takes advisers to school on ESG
The company's new Responsible Investing Institute taps into the growing appeal of ESG investing by giving financial advisers a road map to building portfolios and working with clients. Beyond the courses, the curriculum also include podcasts.
Fund manager finds way around capital gains distributions
Huber Capital Management borrows a page from the exchange-traded fund industry to protect mutual fund investors from taxes.
Advisers are missing the boat on ESG: Cerulli
Surveys of investors and financial advisers show a disconnect between what investors want with regard to environmental, social and governance strategies, and what most advisers think their clients want.
Are 60-40 portfolios leading investors over a cliff?
The big increase in the U.S. M1 money supply could lead to inflationary pressures that will increase risks for the fixed-income portion of a 60-40 portfolio allocation.
Altering 401(k) allocations sacrificed returns in 2020: Morningstar
People who self-directed their investments shifted to more conservative allocations, with an average decrease in equities by 17 percentage points during the first quarter of 2020.
The ESG space must take a hard line on greenwashing
The industry is nowhere near settled on a common vernacular. The ESG space needs more clarity and writing off greenwashing is not helping anyone.
Remote workers more likely to open managed accounts: Morningstar
The Morningstar study examined saving, investing and wealth differences between typical in-office employees and remote workers. The latter tend to be older and more highly compensated, both of which correlate with different investing habits.
401(k) defaults linked with lower CARES Act withdrawals
An academic paper this week found that early withdrawal requests increased most among savers who build their own portfolios
LPL cuts Morningstar reporting tool at more than two dozen offices
The broker-dealer had concerns about oversight of client accounts while using the application
BlackRock’s Larry Fink worries about corporate culture while working from home
'I don't believe BlackRock will ever be 100% back in the office,' he said at the Morningstar virtual conference
Morningstar conference takes hard look at active management
The keynote presentation examined why active managers are a crucial ingredient of an efficient market
ESG appeal survives test of market pullback
A focus on ESG diverts attention from investment performance, especially in times of market volatility, according to a recent Morningstar study
Morningstar: Small-employer retirement plans need legislative fixes
Using 'open MEPs' and auto-IRAs might close the coverage gap and reduce plan costs.
Morningstar acquires RightPond, data analytics provider on defined contribution and defined benefit plans
The acquisition comes as the entire industry is waiting for the Department of Labor to release the final ruling on its fiduciary standard.
