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Advisors prep clients for recession everyone anticipates but nobody can see
RIAS JUL 05, 2023
Advisors prep clients for recession everyone anticipates but nobody can see

Consensus estimates are that the US economy will dip into recession later this year or early next year.

Finra dings Hightower with $353,000 penalty over alt sales
RIAS JUL 05, 2023
Finra dings Hightower with $353,000 penalty over alt sales

Both GPB private placements and the LJM mutual fund were widely sold by brokerage firms prior to 2018.

ESG-linked bonds add clauses that let them escape financial penalties
ESG JUL 03, 2023
ESG-linked bonds add clauses that let them escape financial penalties

A quarter of sustainability-linked bonds, which typically pay higher interest if the issuer misses ESG targets, can be redeemed before any penalty is triggered, according to a new report.

Is tobacco ESG-friendlier than Tesla? Funds, investors don't think so
ESG JUL 03, 2023
Is tobacco ESG-friendlier than Tesla? Funds, investors don't think so

Less than 1% of active sustainable funds have investments in tobacco producers, data from Morningstar Direct show.

Strong first half for markets forces advisors to defend pessimistic outlooks
RIAS JUL 03, 2023
Strong first half for markets forces advisors to defend pessimistic outlooks

The broad markets are climbing a wall of worry, although that's been overshadowed by the triple-digit returns of tech sector highfliers.

Stocks can't continue to ignore recession risk
EQUITIES JUL 03, 2023
Stocks can't continue to ignore recession risk

Despite the recent surge in equities, most market watchers expect stocks to finish the year flat or down from current levels.

Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions
ALTERNATIVES JUL 03, 2023
Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions

All five of the refiled applications indicated that Coinbase will provide market surveillance for their funds, a fact that wasn't included in previous iterations.

SEC's rejection of BlackRock bitcoin ETF unlikely to derail eventual approval
ALTERNATIVES JUN 30, 2023
SEC's rejection of BlackRock bitcoin ETF unlikely to derail eventual approval

Rejection screams 'we're ready to approve,' says financial planner.

Advisors, be careful what you wish for with interest rates
FIXED INCOME JUN 30, 2023
Advisors, be careful what you wish for with interest rates

'When an advisor or client stretches for yield, that’s when they can get hit,' one financial advisor notes.

Fidelity joins race for spot-bitcoin ETF with SEC filing
ALTERNATIVES JUN 30, 2023
Fidelity joins race for spot-bitcoin ETF with SEC filing

It's the latest high-profile traditional financial finance firm to file for such an exchange-traded fund, after BlackRock made a splash with its June 15 application.

Fidelity to convert $13 billion of mutual funds into ETFs
MUTUAL FUNDS JUN 29, 2023
Fidelity to convert $13 billion of mutual funds into ETFs

The shift from mutual funds to exchange-traded funds has affected almost $100 billion in assets, as investors opt for lower-cost, tax-efficient ETFs over mutual funds.

Inflation-safe ETFs see record $17 billion exit
MUTUAL FUNDS JUN 28, 2023
Inflation-safe ETFs see record $17 billion exit

Exchange-traded funds designed to protect against inflation have faltered in the face of still sticky price pressure, leading many investors to rush for the exits.

Campaign against ESG isn't dissuading asset managers
ESG JUN 27, 2023
Campaign against ESG isn't dissuading asset managers

Regulatory changes, social pressure and demand from clients are keeping fund companies focused on ESG, according to a survey.

ESG investors get set of global reporting standards
ESG JUN 27, 2023
ESG investors get set of global reporting standards

The voluntary framework published by the International Sustainability Standards Board paves the way for companies across jurisdictions to report uniform climate and sustainability information.

GOP battle plan on ESG focuses on proxies, SEC and asset managers
ESG JUN 26, 2023
GOP battle plan on ESG focuses on proxies, SEC and asset managers

The list of priorities put together by the House Committee on Financial Services' ESG working group shows where a Republican administration might be headed.

Crowdfunding is no Derby
OPINION JUN 23, 2023
Crowdfunding is no Derby

Capital raises that are open to the public allow for access to new avenues of wealth-building.

It's time for financial advisors to help investors gain access to alts
RETIREMENT PLANNING JUN 21, 2023
It's time for financial advisors to help investors gain access to alts

The long-outdated accredited investor rule has become a symbolic roadblock between retail investors and institutional-quality investments.

ETF designed to climb along with interest rates adjusts in stride with Fed
RIAS JUN 20, 2023
ETF designed to climb along with interest rates adjusts in stride with Fed

FolioBeyond's Rising Rates ETF is being renamed the Alternative Income and Interest Rate Hedge ETF.

Crypto exchange backed by Citadel Securities, Fidelity, Schwab starts up
ALTERNATIVES JUN 20, 2023
Crypto exchange backed by Citadel Securities, Fidelity, Schwab starts up

EDX Markets offers a ‘noncustodial’ model, meaning that it doesn’t hold clients’ digital assets during trading.

T. Rowe launches its first transparent active equity ETFs
EQUITIES JUN 20, 2023
T. Rowe launches its first transparent active equity ETFs

The storied mutual fund complex was late to the exchange-traded fund game but has attracted $1 billion in ETF assets since launching its first suite of funds three years ago.