Dominic Ismert's attorney said the recommendation to invest in an oil fund was made 'off the cuff,' without appropriate research and analysis of whether it was suitable for him.
More than a third of converted funds have posted net outflows since they made the switch, according to data compiled by Bloomberg.
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
The firm would be one of several companies providing sustainable target-date funds in the US.
The target-date funds will invest in actively managed sustainable and ESG-focused exchange-traded funds managed by Putnam.
PGIA has filed to replicate Vanguard’s model, which if approved, could potentially apply to 20 products with about $100 billion spread across the mutual fund issuer's 5 US subsidiaries.
Firms are developing more products focused on equal opportunities and gender issues, Cerulli found.
Paul Bodnar, who had advised former President Obama on climate, joined BlackRock in 2021.
A House subcommittee considers GOP measures that would amend accredited-investor rules. The ranking Democrat said 'fiduciary' advisors could help retail investors become sophisticated vicariously.
The SEC said brokers in the firm's Lexington, South Carolina, branch office recommended variable interest rate structured products to dozens of retail customers for whom they weren't suitable.
The fund aims to invest in companies that help improve the quality of life for women.
DoubleLine's Jeff Sherman and BlackRock's Steve Laipply see many opportunities in the fixed-income market.
Active managers American Funds and T. Rowe Price are finding success as newcomers to the exchange-traded fund space.
After making a killing by scooping up speculative mortgage debt on the cheap in the wake of the financial crisis, Ivascyn expects the next big opportunity to come in corporate debt.
The product can benefit any investor with a taxable account, not just the wealthiest clients, says a panelist at the ETF Exchange conference.
'We're not trying to make value judgments,' Kunal Kapoor says.
Some politicians see it as part of a viable platform for the 2024 presidential election.
Nearly 90% of investors surveyed said they would like advisors to help them with allocations
As fixed income weighs down the classic 60/40 portfolio, allocations to alternatives are expected to rise over the next three years.
The effort, the latest in an overall anti-ESG push from conservatives, is largely symbolic.
