Allegiant Private Advisors adds nearly $1 billion to Mariner's assets under advisement and expands the firm's footprint in Florida.
Chairman Gary Gensler says agency is looking into what asset managers mean when they call funds 'sustainable.'
Innovator Defined Wealth Shield ETF offers 20% downside protection but caps annual gains at 2.8%.
Parnassus Investments will continue to operate independently with CEO and CIO remaining in place.
The Indianapolis-based firm, formerly David A. Noyes & Co., agrees to censure, a fine and restitution.
Flows into exchange-traded funds have been unprecedented this year, even against the backdrop of a record 2020. Despite market valuations and inflation threats, financial advisers are keeping the pedal to the metal.
CoinShares International bought the fund from Alan Howard's Elwood as part of its agreement to buy Elwood's indexing business.
To avoid data inefficiency, alternative managers must take a tech-led approach to meet the evolving needs of their clients, State Street says.
Legislation introduced by Reps. Anthony Gonzalez, R-Ohio, and Gregory Meeks, D-N.Y., would lift restrictions on closed-end funds' investments in unregistered securities.
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Sens. Patrick Toomey, R-Pa., and Ron Johnson, R-Wisc., say proxy votes by BlackRock and State Street Global Advisors promote 'left-leaning' ESG priorities over investment returns
Investors are betting that fiscal and monetary policies will continue to fuel inflationary pressures.
The new name, Digital Assets Council of Financial Professionals, reflects a broader charter to serve every company and all financial advisers, Edelman says.
The bank is expected to pair OpenInvest with 55ip to enhance its private banking technology platform.
Rules under consideration by the SEC that would require corporations to disclose climate risks will lead to shareholder lawsuits, according to Wall Street.
Gemini Trust's Climate Vault donation will prevent 341,000 metric tons of carbon from entering atmosphere.
U.S. sustainable funds attracted more than $50 billion in capital last year, doubling from 2019.
The board overseeing the Thrift Savings Plan, which has 6 million active and retired participants, says that it subscribes to a strict indexing discipline.
Five exchange-traded funds took in about $13.5 billion amid the rebalancing of the FTSE Russell indexes, suggesting heartbeat trades designed to defer taxes faced by fund investors.
After climate rule changes, expect similar disclosure requirements on other ESG issues like biodiversity, workforce diversity and political spending.
