Bank of America Merrill Lynch has added more sustainable, hybrid and high-net-worth choices to its investment advisory program model portfolios.
Three new investment managers have been added to the firm's lineup of sustainable model portfolios: DWS, Goldman Sachs Asset Management and Neuberger Berman. These complement existing sustainable model portfolios managed by Merrill’s chief investment office.
It also added 10 new hybrid model portfolios through a partnership between Vanguard and Capital Group, parent of the American Funds. The models include both taxable and tax-aware portfolios that pair Vanguard index exchange-traded funds with American Funds’ active funds. Vanguard will serve as strategist for the models.
Merrill also expanded its roster of tax-efficient, high-net-worth portfolios with new hybrid model portfolios from Columbia Threadneedle Investments.
Since Merrill launched model portfolios under its CIO in 2017, the offerings have expanded to include 140 model portfolios from 17 third-party investment managers, along with nearly 125 CIO-managed model portfolios.
The "Crypto Mom" departure leaves the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
