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RIAs relish the idea of government gridlock under Biden
EQUITIES NOV 10, 2020
RIAs relish the idea of government gridlock under Biden

Divided government is what the financial markets want most

Stocks hit all-time highs on optimism about vaccine
EQUITIES NOV 09, 2020
Stocks hit all-time highs on optimism about vaccine

Stocks that have been hit hard by lockdowns, like movie theaters and cruise companies, jumped, while stay-at-home companies plunged

Election outcome seen as bullish for emerging markets
EMERGING MARKETS NOV 09, 2020
Election outcome seen as bullish for emerging markets

Developing nations' stocks and currencies are already at their highest levels in more than two years, and analysts are predicting additional gains

Biden presidency to be ESG friend
ESG NOV 09, 2020
Biden presidency to be ESG friend

From Paris climate deal and racial justice to renewable energy and diversity, Biden administration welcomed by ESG investors

Getting annuities onto 401(k) plan menus
RETIREMENT PLANNING NOV 09, 2020
Getting annuities onto 401(k) plan menus

SECURE Act provisions providing plan fiduciaries with some legal protection, requirements for lifetime income disclosures on 401(k) statements and a volatile stock market all bode well for these products

DOL’s ESG rule an instance of America’s divide
OPINION NOV 09, 2020
DOL’s ESG rule an instance of America’s divide

It appears unlikely a Biden administration would be able to overturn the rule

SEC's Lee says agency should consider rules for socially responsible investing
ESG NOV 06, 2020
SEC's Lee says agency should consider rules for socially responsible investing

The commissioner suggested the SEC think about standardized reporting on climate risk for public companies and investment funds

Gold and copper set for best week since July
ALTERNATIVES NOV 06, 2020
Gold and copper set for best week since July

Precious metals rallied as Joe Biden advanced in the presidential race

History shows stocks may extend post-election surge
EQUITIES NOV 05, 2020
History shows stocks may extend post-election surge

Continued Republican control of the Senate means less likelihood of huge stimulus, but also less chance of tax hikes or more regulation

Money-market debit cards for clients? Franklin CEO on the future of advice
RETIREMENT PLANNING NOV 04, 2020
Money-market debit cards for clients? Franklin CEO on the future of advice

Chief Executive Jenny Johnson outlined the $1.4 trillion manager's interest in technology and retirement assets at the Spark Forum

What a divided Congress means for the markets
ESG NOV 04, 2020
What a divided Congress means for the markets

Sweeping tax hikes are off the table and the outlook dims for green energy, according to speakers at the Schwab Impact conference

Election results point toward divided government
ESG NOV 04, 2020
Election results point toward divided government

That scenario could slow any attempt to change investment advice rules put in place under the Trump administration

Stocks, bonds rally as election bets are retooled
EQUITIES NOV 04, 2020
Stocks, bonds rally as election bets are retooled

Investors are looking ahead to a future without massive debt-fueled stimulus spending or a rollback of Trump's tax cuts

America exits Paris climate deal as US awaits election outcome
ESG NOV 04, 2020
America exits Paris climate deal as US awaits election outcome

Trump filed to withdraw a year ago; a Biden presidency could rejoin the global treaty as early as Feb. 19

Two bad election scenarios come back to haunt markets
EQUITIES NOV 04, 2020
Two bad election scenarios come back to haunt markets

A contested election and a Biden presidency with a Republican Senate are both outcomes seen as negative for stocks

Northern Trust target dates called out in two 401(k) lawsuits
RETIREMENT PLANNING NOV 03, 2020
Northern Trust target dates called out in two 401(k) lawsuits

The similar cases, against Allstate and Northern Trust, were also brought by the same law firms

JPMorgan prepares for post-election market shift by cutting tech
EQUITIES NOV 03, 2020
JPMorgan prepares for post-election market shift by cutting tech

The bank's strategists raised their recommendation on the banking and insurance sector to overweight

DOL took 'ESG' out of rule, added new hurdle for 401(k)s
RETIREMENT PLANNING NOV 02, 2020
DOL took 'ESG' out of rule, added new hurdle for 401(k)s

Plan fiduciaries could have to prove that nonfinancial factors of ESG funds are in the best interest of workers, one lawyer said

Advisers weigh risks of adding ESG to retirement plan menus
RETIREMENT PLANNING NOV 02, 2020
Advisers weigh risks of adding ESG to retirement plan menus

With demand from investors growing, plan sponsors focus on their fiduciary duty

SEC eases rules for accessing private securities markets
ALTERNATIVES NOV 02, 2020
SEC eases rules for accessing private securities markets

The changes modernize private market rules and make it easier for small companies to obtain financing, according to SEC Chairman Jay Clayton