News

Fidelity throws heft into hidden-asset ETF arena with 3 new funds

The products will have the same management and research teams as the firm's similarly named mutual funds.

DOJ Ends Antitrust Investigation Into Schwab/TD Ameritrade Merger

Schwab expects the deal to close in the second half of this year, and if it goes through, the firms will be integrated over 18 to 36 months.

‘Bored’ Millennial Day Traders Boost Airline ETF’s Assets 2,930%

The US Global Jets exchange-traded fund, ticker JETS, held just $33 million in early March when the coronavirus pandemic grounded global air travel. Its assets now top $1 billion.

Shareholders, DOJ Clear the Way for Schwab/TD Ameritrade Merger

TD and Schwab shareholders voted in favor of the merger; Schwab expects the deal to close in the second half of this year, with an integration period of 18 to 36 months.

BlackRock Files to License Active Non-Transparent ETF Structure

BlackRock filed to license the structure of Precidian Investments’ ActiveShares product.

Fidelity Throws Heft Into Hidden-Asset ETF Arena With New Funds

The Fidelity Blue Chip Growth ETF, Fidelity Blue Chip Value ETF and Fidelity New Millennium ETF will begin trading Thursday.

ETFs That Saw the Greatest Inflows in the Past Month

These funds saw the most money flow into them over the past 30 days.

Financial planners will find an open lane when focusing on client values

Older advisers in particular are missing the mark when it comes to the softer side of client relations

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BlackRock files to license nontransparent ETF structure

The asset manager will use Precidian Investments' ActiveShares model

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Vanguard struggling to break into European ETF market

Eight years after it launched its first European ETFs, the giant asset manager has less than 6% of the market, compared with BlackRock's 45%

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Fidelity rolls out three semitransparent ETFs

The new funds showcase the firm's proxy basket technology

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McKinsey Report Warns Against Applying 2008 Lessons to Coronavirus Crisis

The pandemic's impact will affect advisors differently than the last major financial crisis, according to McKinsey.

Senate passes changes to Paycheck Protection Program

The bill, which passed the House last week on a 471-1 vote, now heads to President Trump’s desk for his signature.

‘Decarcerate’ portfolios: Planner exhorts advisors to help defund mass imprisonment

An advisor whose family has been “irrevocably harmed by police brutality” calls on industry peers and their clients to spark positive change.

How many black planners? CFP Board will answer upon request

The data on black and Latino advisors helps track the industry’s progress amid nationwide Black Lives Matter protests.

Prioritization and Training Key for Reg BI Preparedness

Many Reg BI tools from vendors are coming too late to meet the end-of-month deadline for compliance, according to a SIFMA panel.

How did funds with low ESG risk perform over the long term?

The answer is unequivocal, according to one expert.

Raymond James Launches New Pride Network

Raymond James has launched a network of advisors to support the LGBTQ+ community.

LPL Seeks Co-Head of New Employee Advisor Channel

The individual will be responsible for relationship building and P&L for LPL’s new W-2 affiliation model, seeded by the acquisition of Allen & Co.

DOL encourages use of private equity funds in retirement plans

Investor advocates warn high-risk, high-fee investments could harm savers

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