Investing

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Schwab's Liz Ann Sonders says return to normal could be a rocky ride
EQUITIES APR 26, 2023
Schwab's Liz Ann Sonders says return to normal could be a rocky ride

Speaking at the Morningstar conference this week, the popular strategist said there are still excesses that need to be wrung out of the economy.

iCapital launches structured investments offering on Envestnet
TAMPS APR 25, 2023
iCapital launches structured investments offering on Envestnet

The integration provides advisors with proposal generation tools, analytical features, trading workflows and the ability to integrate data on structured investments into client reports.

ESG funds spurned for safer bets in Q1
ESG APR 24, 2023
ESG funds spurned for safer bets in Q1

US investors pulled $5.2 billion from environmental, social and governance funds last quarter, according to a report by Morningstar.

State Street rolls out second 401(k) target-date series featuring an annuity
RETIREMENT PLANNING APR 21, 2023
State Street rolls out second 401(k) target-date series featuring an annuity

The plan feature is provided by Global Trust Co. and Annexus Retirement Solutions.

Advisors seen as crucial as financial crisis fears mount, Nationwide says
ALTERNATIVES APR 21, 2023
Advisors seen as crucial as financial crisis fears mount, Nationwide says

According to Nationwide’s eighth annual Advisor Authority survey, four in 10 investors believe that the US is already in a financial crisis and three in 10 believe the U.S. is approaching one.

Florida bans use of ESG by public investments
ESG APR 20, 2023
Florida bans use of ESG by public investments

The state’s Senate approved a bill that bans state and local governments from using environmental, social, governance criteria when selling debt or investing public money.

Financial advisors wave the caution flag in client portfolios
RIAS APR 20, 2023
Financial advisors wave the caution flag in client portfolios

Fidelity research shows a trend toward de-risking and an increased focus on diversification in the portfolios advisors build for their clients.

Protesters block Vanguard office over climate policy
RETIREMENT PLANNING APR 19, 2023
Protesters block Vanguard office over climate policy

A total of 16 people, many affiliated with a Quaker group, were arrested Wednesday outside the company's Malvern, Pennsylvania, headquarters.

Barclays to shut 21 ETNs a year after major error tied to products
ETFS APR 19, 2023
Barclays to shut 21 ETNs a year after major error tied to products

The redemption announcement comes after the UK-based lender said it had erroneously sold $15 billion more structured notes and ETNs over the course of about a year than it had registered for.

Lawmakers press Gensler over climate, crypto and rulemaking pace
ALTERNATIVES APR 18, 2023
Lawmakers press Gensler over climate, crypto and rulemaking pace

Republicans on the House Financial Services Committee questioned the SEC leader about the roughly 50 rules the agency has proposed over the past two years.

Advisor Group RIAs add alts, and fresh conflict, to platform
ALTERNATIVES APR 17, 2023
Advisor Group RIAs add alts, and fresh conflict, to platform

The agreement between Advisor Group and CAIS on sales of alternative investments, and the revenue such sales would generate, is the crux of the matter.

Not investing in ESG doesn't make you anti-ESG
ESG APR 17, 2023
Not investing in ESG doesn't make you anti-ESG

As the environmental, social and governance space evolves, we're learning that the value from an investment perspective is not always best, even if it's always good.

First Republic's efforts to woo rich clients may be bank's undoing
FIXED INCOME APR 17, 2023
First Republic's efforts to woo rich clients may be bank's undoing

The bank attracted wealthy clients with loans that have become a costly hurdle to finding a rescuer.

Advisors expect more crypto problems after FTX meltdown
ALTERNATIVES APR 13, 2023
Advisors expect more crypto problems after FTX meltdown

Most advisors are avoiding recommending cryptocurrencies to their clients, a CoreData Research survey found.

Yield on I bonds set to plunge below 4%
FIXED INCOME APR 13, 2023
Yield on I bonds set to plunge below 4%

Inflation-linked I bonds have soared in popularity over the past two years, but now the yield is set to slump from the historic 9.62% rate the bonds offered just a few months ago.

New Hampshire Gov. Sununu joins anti-ESG fray amid setbacks for the movement
ESG APR 12, 2023
New Hampshire Gov. Sununu joins anti-ESG fray amid setbacks for the movement

The governor signed an executive order this week that entails only limited practical restrictions on state assets but could have a chilling effect.

Six biggest banks on Wall Street failing key ESG test, study says
ESG APR 12, 2023
Six biggest banks on Wall Street failing key ESG test, study says

JPMorgan, Bank of America, Citigroup are listed as falling short in an analysis by Ceres and the Transition Pathways Initiative.

Financial advisors are jumping on the bull market bandwagon
RIAS APR 11, 2023
Financial advisors are jumping on the bull market bandwagon

As some of the worst performers of 2022 rebound in the first quarter, the outlook for the financial markets looks rosy.

Nuveen gets new muni bond leader amid lawsuit settlement
PRACTICE MANAGEMENT APR 10, 2023
Nuveen gets new muni bond leader amid lawsuit settlement

As the firm announces a settlement of suits brought by Preston Hollow Community Capital, Nuveen announced that John Miller is retiring and will be replaced by Daniel Close.

Client wasn’t lovin’ it:  Wells Fargo loses arbitration case over McDonald’s stock
ALTERNATIVES APR 10, 2023
Client wasn’t lovin’ it:  Wells Fargo loses arbitration case over McDonald’s stock

Finra arbitrators order the firm and a broker to pay about $500,000 to a former McDonald's franchise owner after an options trading snafu.