News

Crisis Lessons Drowned Out as $4 Trillion ETF Market Booms

As inflows soar and market dislocations vanish, America’s exchange-traded fund market is back to the boom times -- consigning to history two major disruptions of the pandemic crash.

Wall Street Greets WisdomTree’s Bitcoin ETF Plan With Doubt

WisdomTree Investments plans to launch a fund that could invest as much as 5% of its net assets in Bitcoin futures traded on the Chicago Mercantile Exchange.

One Month of Fed ETF Buying Redraws $4 Trillion Market Contours

The degree to which the fixed-income ETF landscape has stabilized is just another example of how powerful the Fed’s interventions have been in soothing -- and stoking -- financial markets.

Got Oil? Energy ETFs Dominate Funds With Best Returns Over Past 3 Months

Funds focused on oil and energy, precious metals, biotech, online retail and technology all outperformed in the past three months.

Got Oil? Energy ETFs Dominate Funds With Best Returns Over Past Three Months

Funds focused on oil and energy, precious metals, biotech, online retail and technology all outperformed in the past three months.

Cresset acquires PagnatoKarp to form Top 25 RIA

The two firms have a combined $9.5 billion in assets under management

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Addepar taps BlackRock exec as CTO

Ruchir Swarup becomes the firm's chief technology officer after almost 20 years at the asset manager

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Misinformation about private equity ownership distracts advisers at vital time

Here are key questions advisers should ask when assessing a firm owned by private equity

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Coronavirus boosts insurance demand, creating a tailwind for fintech

Companies that connect advisors and carriers are seeing a surge in use.

Former Obama Official Challenges FSI’s ‘Regulation by Enforcement’ Argument

Former Assistant Secretary of Labor Phyllis Borzi condemned the advocacy organization for trying to inhibit the SEC's ability to act on existing rules, during an Institute for the Fiduciary Standard webcast.

Best 2030-35 target-date funds of the decade post losses in 2020

The funds had posted gains over the past decade, but have suffered losses amid this year's coronavirus-driven volatility.

Inside OCC's effort to extract $37.5M from former Wells Fargo execs

Newly released documents highlight the challenges that Carrie Tolstedt and four co-defendants are likely to confront as they face civil charges involving sales misconduct at the bank.

Client demand is up, but advisers are falling behind on tech

Wealth managers need to beef up tech investments to compete with larger institutions in a post-pandemic world, according to a recent study

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Riskalyze Adds New Features Ahead of Reg BI’s Compliance Date

As advisors and firms quickly prepare for Reg BI's compliance date in a couple weeks, the fintech provider makes some compliance-related upgrades to its platform.

Addepar Hires BlackRock Veteran Ruchir Swarup as CTO

Ruchir Swarup, who worked at BlackRock for 19 years, will be Addepar's first full-time CTO since co-founder Jason Mirra left in 2014.

What financial services is learning from 2020 hindsight

Advisers may need to rethink risk tolerance with a market that appears out of sync

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Labor Department gathers information on how retirement plans use ESG funds

The agency is likely collecting data to shape a proposed rule on investment selection

The post Labor Department gathers information on how retirement plans use ESG funds appeared first on InvestmentNews.

Ugly road for adviser diversity at Morgan Stanley: Lawsuit

Under CEO James Gorman, the wirehouse's diversity effort has moved in reverse, according to complaint

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CFP Board Tech Provisions Sow Confusion

The Board said its new Code reflects the reality of today's advice; it's left many advisors and vendors scratching their heads.

$1.6B Advisor Team Leaves AXA to Form Octavia Wealth Advisors

Octavia Wealth Advisors, a firm that managed $1.6 billion in AUM at AXA Advisors, has 35 employees and offices in Cincinnatti, Los Angeles, San Diego and Miami.