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Pimco, Fidelity shun net-zero alliance embraced by BlackRock
INVESTING ESG DEC 14, 2021
Pimco, Fidelity shun net-zero alliance embraced by BlackRock

The Glasgow Financial Alliance for Net Zero is finding its can't attract some of the top names in asset management, including Pimco, Fidelity Investments and Capital Group.

Morgan Stanley-backed Bitcoin firm NYDIG raises $1 billion
INVESTING ALTERNATIVES DEC 14, 2021
Morgan Stanley-backed Bitcoin firm NYDIG raises $1 billion

The firm, which counts some of the biggest Wall Street banks as its partners, was valued at more than $7 billion in the round.

Rich business owners rethink retirement amid pandemic
RETIREMENT RETIREMENT PLANNING DEC 14, 2021
Rich business owners rethink retirement amid pandemic

More than half of the individuals and families surveyed by BNP Paribas and Aon said they're altering the timetable for stepping away from their companies, with 41% delaying or phasing more slowly into a move.

Robinhood plans crypto gifting feature
INVESTING ALTERNATIVES DEC 14, 2021
Robinhood plans crypto gifting feature

Users will be able to send cryptocurrency via digital gift cards, according to code discovered in a beta version of the company's iPhone app.

Rich clients get more ‘S’ options at $8 billion firm
NEWS RIAS DEC 10, 2021
Rich clients get more ‘S’ options at $8 billion firm

Seattle-based Laird Norton Wealth Management is working with Calvert and Parametric to design to equity strategies that emphasize social issues.

Cathie Wood's ARK launches ESG ETF
INVESTING ESG DEC 09, 2021
Cathie Wood's ARK launches ESG ETF

The new fund, the ARK Transparency ETF, arrives as Wood's favored tech stocks finally catch a break.

Goldman says young workers are plotting early retirements
RETIREMENT RETIREMENT PLANNING DEC 08, 2021
Goldman says young workers are plotting early retirements

A full 25% of Gen Z respondents in a new survey say they plan to retire before the age of 55.

Wells Fargo's credit-card revamp 'not rocket science,' Scharf says
NEWS WIREHOUSES DEC 08, 2021
Wells Fargo's credit-card revamp 'not rocket science,' Scharf says

The bank has launched a number of new credit cards this year, including a low-interest-rate card, and plans a rewards-card line next year.

BlackRock to pull bulk of U.S. ETF assets from State Street
INVESTING MUTUAL FUNDS DEC 08, 2021
BlackRock to pull bulk of U.S. ETF assets from State Street

In a move to reduce its reliance on State Street's custody services, BlackRock will shift 40% of the $2.2 trillion in assets to Citigroup, 30% to JPMorgan Chase and 15% to Bank of New York Mellon.

Amazon, AWS web outages affect Robinhood, Coinbase
YOUR PRACTICE FINTECH DEC 07, 2021
Amazon, AWS web outages affect Robinhood, Coinbase

Amazon Web Services says it has identified the cause of 'increased error rates' and is working to fix it.