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BlackRock, State Street among asset managers closing ESG funds
ESG SEP 21, 2023
BlackRock, State Street among asset managers closing ESG funds

Fund companies unwound more than two dozen ESG funds this year, according to Morningstar data.

Why you should be offering 'unretirement' planning solutions
RETIREMENT PLANNING SEP 21, 2023
Why you should be offering 'unretirement' planning solutions

Millions of Americans plan to return to work for financial or social reasons.

Fed may have to hike again, says JPMorgan chief
INDUSTRY NEWS SEP 21, 2023
Fed may have to hike again, says JPMorgan chief

Jamie Dimon says the central bank was "a day late and a dollar short" in beginning hikes and may have to do more.

Bond traders expect higher yields after Fed signals
INDUSTRY NEWS SEP 21, 2023
Bond traders expect higher yields after Fed signals

Short-term underperformance should be expected.

Investors urge policymakers to aid $275T for net zero
ESG SEP 21, 2023
Investors urge policymakers to aid $275T for net zero

Influential group says barriers to investment in clean energy must be removed.

Value shares are popular again on global markets
INDUSTRY NEWS SEP 21, 2023
Value shares are popular again on global markets

The quant trade was big news in 2022 but this time things are a bit different.

New strategy in 401(k) litigation: Ask for settlement before suit is filed
RETIREMENT PLANNING SEP 20, 2023
New strategy in 401(k) litigation: Ask for settlement before suit is filed

Law firm Lieff Cabraser is reportedly busy sending letters to plan sponsors.

SEC expands rule to ensure fund portfolios match their names
ESG SEP 20, 2023
SEC expands rule to ensure fund portfolios match their names

The final regulation targets 'greenwashing' but strips out what would have been 'a more onerous' ESG provision, a lawyer says.

Don't expect another bull run anytime soon, says Morgan Stanley strategist
EQUITIES SEP 20, 2023
Don't expect another bull run anytime soon, says Morgan Stanley strategist

'We really hit a wall at the end of July, and that's when the market really put in its year-to-date highs,' says Lisa Shalett.

UBS advisor managing $435M moves to RBC Wealth Management
WIREHOUSES SEP 20, 2023
UBS advisor managing $435M moves to RBC Wealth Management

Marin County, California-based Brian Wells has 25 years of experience.

Fed reveals latest rate decision, signals one more hike this year
INDUSTRY NEWS SEP 20, 2023
Fed reveals latest rate decision, signals one more hike this year

Updated projections show that 12 of 19 officials favor another rate hike this year and that Fed officials also see less easing next year.

Goldman Sachs to back further away from consumers
INDUSTRY NEWS SEP 20, 2023
Goldman Sachs to back further away from consumers

Half-billion-dollar sale will see financial giant take a billion-dollar hit.

Edward Jones welcomes back $167M advisor who began his career with the firm
BROKER DEALERS SEP 20, 2023
Edward Jones welcomes back $167M advisor who began his career with the firm

The Seattle-based advisor will focus on retirement plans.

US retirement outlook has improved, but there's a problem
INDUSTRY NEWS SEP 20, 2023
US retirement outlook has improved, but there's a problem

Despite more Americans saving larger amounts for their retirement, goals may be upended.

One more Fed hike? Pimco sees an elevated chance
INDUSTRY NEWS SEP 20, 2023
One more Fed hike? Pimco sees an elevated chance

Fed to announce latest rate decision Wednesday.

New York firm accused of $7B unregistered trading for Russian
INDUSTRY NEWS SEP 20, 2023
New York firm accused of $7B unregistered trading for Russian

SEC lawsuit claims the firm invested in US securities market with no regulatory oversight.

BofA strategist boosts S&P 500 target to 4,600
INDUSTRY NEWS SEP 20, 2023
BofA strategist boosts S&P 500 target to 4,600

Year-end gain would be around 3.5% from Tuesday close.

How options traders are prepping for 'higher for longer' rates
INDUSTRY NEWS SEP 20, 2023
How options traders are prepping for 'higher for longer' rates

Traders are seeking protection from higher rates ahead of the Fed's latest decision.

Japan could intervene to protect yen if Fed hikes
INDUSTRY NEWS SEP 20, 2023
Japan could intervene to protect yen if Fed hikes

But Janet Yellen says it should not aim to impact exchange rate.

Bipartisan House members press SEC official to drop mutual fund reform proposal
MUTUAL FUNDS SEP 19, 2023
Bipartisan House members press SEC official to drop mutual fund reform proposal

Lawmakers say changes would hurt retirement investors. They also raise concerns about a proposal to curb advisor conflicts related to AI.