Investing

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JPMorgan, money managers pushing back against proposed SEC names rule
ESG NOV 08, 2022
JPMorgan, money managers pushing back against proposed SEC names rule

The agency is floating tighter rules that would require certain funds to have at least 80% of assets correspond to investment strategies listed in their names.

Platform lets retirement savers access crypto investments
RETIREMENT PLANNING NOV 07, 2022
Platform lets retirement savers access crypto investments

ForUsAll says its Alt401(k) platform enables employees to invest in crypto through a brokerage window. Meanwhile, the firm has filed a lawsuit challenging the DOL's crypto warning.

Asset managers have an ESG data problem
FINTECH NOV 07, 2022
Asset managers have an ESG data problem

Without standardization, institutional investors have some trouble incorporating the data.

BlackRock to open proxy voting to some retail investors
ESG NOV 04, 2022
BlackRock to open proxy voting to some retail investors

Initially, the program will be available to UK investors, but it could eventually expand to all fund shareholders.

ETF strategy that avoids noise of open markets will arouse adviser curiosity
RIAS NOV 03, 2022
ETF strategy that avoids noise of open markets will arouse adviser curiosity

NightShares bets on the serene sophistication of markets that are closed to beat the indexes by sitting out the action during the day.

JPMorgan executes first live trade on public blockchain
ALTERNATIVES NOV 03, 2022
JPMorgan executes first live trade on public blockchain

The bank issued tokenized $71,000 as part of the Singapore central bank’s pilot programs exploring the use of decentralized finance in the banking sector.

Fidelity to launch commission-free retail crypto trading platform
ALTERNATIVES NOV 03, 2022
Fidelity to launch commission-free retail crypto trading platform

The brokerage has opened up a wait list for its new service Fidelity Crypto which will offer custody and trading of Bitcoin and Ethereum.

The ESG case for direct indexing
ESG NOV 02, 2022
The ESG case for direct indexing

The prospect of providing clients with a custom portfolio that meets their guidelines is something advisers see as adding value to their services.

Swiss private equity conglomerate targets wealthy US advisory clients
RIAS NOV 02, 2022
Swiss private equity conglomerate targets wealthy US advisory clients

Partners Group, a $131 billion PE operation, is building out its US footprint with the launch of Private Wealth.

Vanguard to begin testing proxy voting pilot program for retail clients early next year
ESG NOV 02, 2022
Vanguard to begin testing proxy voting pilot program for retail clients early next year

Instead of making decisions exclusively on its own, Vanguard will give individual investors in several equity index funds more options about how their shares are voted.

States where investors have the least interest in cryptocurrencies
ALTERNATIVES NOV 02, 2022
States where investors have the least interest in cryptocurrencies

Crypto site Bitstacker.com analyzed Google data on search terms related to digital assets and scored each state on its residents’ use of the search terms.

McKinsey: Asset managers need to trim overhead just to keep up in this market
EQUITIES NOV 01, 2022
McKinsey: Asset managers need to trim overhead just to keep up in this market

The industry's overhead grew by $71 billion over the past decade, according to a new report, and the solution will be fewer products, de-layered workforces and more reliance on technology.

Morningstar Wealth jumps into the direct indexing game
RIAS NOV 01, 2022
Morningstar Wealth jumps into the direct indexing game

The new platform will leverage technology to help financial advisers move clients onto the platform for personalization and tax management.

Junk-bond ETF sees almost $1 billion of inflows ahead of Fed
MUTUAL FUNDS OCT 31, 2022
Junk-bond ETF sees almost $1 billion of inflows ahead of Fed

Risk assets of all stripes have been climbing amid optimism that the Fed will dial back the pace of its rate hikes after it announces what's expected to be its fourth 75-basis-point rate hike in a row this week.

Oppenheimer moves to cancel $36.7 million arbitration decision
ALTERNATIVES OCT 31, 2022
Oppenheimer moves to cancel $36.7 million arbitration decision

While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.

Liquid alts funds see inflows while mutual funds see record outflows
RIAS OCT 31, 2022
Liquid alts funds see inflows while mutual funds see record outflows

With the old-school mutual fund wrapper continuing to suffer during the down-market cycle, alternative strategies represent a lone bright spot.

Impax's Joe Keefe on ESG challenges and opportunities
ESG OCT 31, 2022
Impax's Joe Keefe on ESG challenges and opportunities

The firm's president says sustainable investing is a long-term approach: 'We try to invest in the next economy rather than the last economy.'

Tech stocks weigh on funds popular with 401(k) plans
EQUITIES OCT 31, 2022
Tech stocks weigh on funds popular with 401(k) plans

Some funds held in many retirement savings plan have large holdings of stocks like Meta, Amazon.com and Apple, which is hurting the funds' performance this year.

LPL sees demand for yield products amid down market
BROKER DEALERS OCT 28, 2022
LPL sees demand for yield products amid down market

Commission revenue for fixed-income investments and annuities increased in the third quarter at LPL.

Capital Group launches 3 actively managed fixed-income funds
MUTUAL FUNDS OCT 28, 2022
Capital Group launches 3 actively managed fixed-income funds

With focuses spanning from municipal bonds to short-duration debt, the ETFs are meant to offer access to high yields while managing risk linked to the Federal Reserve’s aggressive monetary policy.