Shares of regional lenders started the week by selling off, with First Republic down 67%, after Friday's collapse of SVB Financial and Signature Bank's seizure by regulators over the weekend.
The biggest sustainable fund manager in the country is preparing to launch several more products.
GOP Rep. Ann Wagner and Democrat Brad Sherman, leaders of a committee with SEC jurisdiction, echo financial industry concerns that the plan will harm retirement savers.
NEPC's study shows a lack of industry consensus on how to create meaningful retirement income solutions in companies' defined-contribution plans.
Maria Lettini will take the helm of the influential group as sustainable investing has become a political rallying cry for some state leaders.
One asset class plus one important investing theme could add up to way more than two for advisors and their clients who are looking for long-term growth.
More than 1,000 clients signed a letter accusing the fund company of violating its fiduciary duty.
Grayscale sued, asking the DC Circuit Court to overturn a decision the firm called arbitrary and discriminatory because the agency had already approved ETFs that track bitcoin futures.
Pacer's COWZ ETF has grown to $13 billion by screening for free cash flow yields to identify intangible assets.
Critics say Morgan Stanley's big launch of six Calvert ETFs was poorly timed in an environment where ESG has become a political football.
But investors looked to redeem fewer BREIT shares in February than in January, potentially a positive sign for the company.
The SEC chairman said using predictive data technologies may create 'inherent conflicts' of interest for investment advisors.
The regulation is safe thanks to a pending veto of the resolution approved by the House and Senate, but the vote adds some political uncertainty for plan advisors.
The advisor, Ryan R. Riley, also pleaded guilty in a criminal manner and was ordered to pay restitution of at least $434,000.
The funds are the brainchild of the manager behind anti-ARK ETF, which gave investors an easy way to wager against Cathie Wood's flagship strategy.
The bill to block a Labor Department rule making it easier for retirement plans to weigh ESG issues in investment decisions passed 50-46, with two Democrats voting with Republicans to pass the measure.
Investors can now buy and sell stocks and fractional shares with zero trading commissions, marking a shift from the company's previous emphasis on the value of passive investing.
A Cerulli report shows how the so-called smart money is generally increasing exposure to active strategies.
According to investment bank Robert A. Stanger & Co. Inc., January nontraded REIT sales to retail investors totaled just $596 million.
Last week, the iShares Short Treasury Bond ETF had the biggest weekly influx since the depths of the pandemic in March 2020.
