Investing

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BNY Mellon ups its cash management game
RIAS MAY 22, 2023
BNY Mellon ups its cash management game

Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.

Finra arbitrators order Fidelity to pay options trader nearly $4 million
ALTERNATIVES MAY 19, 2023
Finra arbitrators order Fidelity to pay options trader nearly $4 million

The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.

ESG jobs in finance come with a bigger paycheck, data show
PRACTICE MANAGEMENT MAY 19, 2023
ESG jobs in finance come with a bigger paycheck, data show

Hiring and compensation for industry position with 'ESG' in the title have increased, Revelio Labs found.

Sustainable investing practice brings advisor 'perfect' clients
PRACTICE MANAGEMENT MAY 19, 2023
Sustainable investing practice brings advisor 'perfect' clients

Ninety-eight percent of Eric Souder's clients are invested in socially responsible portfolios he runs that are built with institutional shares of mutual funds.

What keeps these top securities regulators awake at night?
RIAS MAY 19, 2023
What keeps these top securities regulators awake at night?

"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.

Impax North America president Keefe to retire
PRACTICE MANAGEMENT MAY 18, 2023
Impax North America president Keefe to retire

Joe Keefe, who has led the group and its precursor since 2005, will be replaced by Ed Farrington, the group's head of distribution.

Fund shops focused on ESG despite pushback, reports show
RETIREMENT PLANNING MAY 18, 2023
Fund shops focused on ESG despite pushback, reports show

More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.

Finra chair: Industry needs to improve disclosures about complicated investments
EQUITIES MAY 18, 2023
Finra chair: Industry needs to improve disclosures about complicated investments

'We do it in a way where they're virtually unreadable,' Eric Noll, CEO of Context Capital Partners, said of disclosures at the Finra annual meeting.

SEC's Crenshaw sees potential overlap in EU-US climate rules
ESG MAY 17, 2023
SEC's Crenshaw sees potential overlap in EU-US climate rules

The watchdog agency teed up a sweeping proposal in March 2022 intended to standardize the types of disclosures public companies make about greenhouse gas reduction goals.

GOP attorneys general go after climate-minded insurers
LIFE INSURANCE AND ANNUITIES MAY 17, 2023
GOP attorneys general go after climate-minded insurers

The Republican AGs are examining net-zero goals that insurance companies have agreed to as part of an industry group.

Bank group led by Barclays, Morgan Stanley nearing deal on CO2 disclosure
ESG MAY 17, 2023
Bank group led by Barclays, Morgan Stanley nearing deal on CO2 disclosure

The agreement would move efforts forward on calculating and disclosing the carbon footprints of the industry’s capital-markets operations.

As You Sow shines light on fossil fuels in 401(k) bond funds
RETIREMENT PLANNING MAY 16, 2023
As You Sow shines light on fossil fuels in 401(k) bond funds

An analysis tool on its Invest Your Values site gives participants a peek into the exposure their plans have.

Envestnet launches ETFs blending active and passive strategies
ETFS MAY 15, 2023
Envestnet launches ETFs blending active and passive strategies

The four ETFs consist of passive and factor-based exposures managed by Envestnet and active exposures managed by third-party investment managers.

SEC's delay on climate disclosure rule leaves companies in limbo
FINTECH MAY 12, 2023
SEC's delay on climate disclosure rule leaves companies in limbo

Few companies have goals in place that would reduce their greenhouse gas emissions in line with Paris goals, according to MSCI.

NYC pension funds sued for selling fossil-fuel assets
RETIREMENT PLANNING MAY 12, 2023
NYC pension funds sued for selling fossil-fuel assets

Plaintiffs claim the three pension funds breached their fiduciary duty when they sold roughly $4 billion in fossil-fuel investments in 2021.

House hearing on ESG paints picture of two different Americas
ESG MAY 11, 2023
House hearing on ESG paints picture of two different Americas

Representatives took jabs at the other party and expressed opposing views on the potential of ESG.

Guaranteed lifetime income products mark a new era of retirement plan design
OPINION MAY 11, 2023
Guaranteed lifetime income products mark a new era of retirement plan design

Fifty years after the passage of ERISA, the insurance industry has come to the rescue with solutions that allow retirement plans to address the problem of decumulation.

S&P expands focus on biodiversity risk data
FINTECH MAY 10, 2023
S&P expands focus on biodiversity risk data

New data on 17,000 companies is available using a methodology developed in conjunction with the UN Environment Programme.

Here's why the real estate market is too shaky even for spiffed-up REITs
ALTERNATIVES MAY 09, 2023
Here's why the real estate market is too shaky even for spiffed-up REITs

At least one critic of the newfangled REITs is not convinced they can weather the storm in commercial real estate.

More ESG ETFs close as issuers lose patience
ESG MAY 09, 2023
More ESG ETFs close as issuers lose patience

Just 58 sustainable exchange-traded funds launched globally in the first quarter, down from 101 that were introduced during the same period last year.