News

Wells Fargo tells workers to remove TikTok app from work phones

U.S. officials have raised questions about the security of TikTok, which is owned by Chinese company ByteDance.

The Old 60-40 Formula for Stocks and Bonds Has Run Into Trouble

With Treasury yields hovering around zero, money managers are looking to securities that have more potential to rally.

Billions Flow Into Quant ETFs Behaving Just Like the S&P 500

Some of the most popular smart beta funds don't seem that smart.

PPP Data Errors Raise Questions About Effectiveness of Stimulus

The PPP was designed to keep employees of small businesses on payroll during the pandemic. Out of almost 4.9 million loans, the number of “jobs retained” is zero for 554,146 and blank for 324,122. Seven loans list negative job numbers.

RBC recruits duo with $245 million

The Albuquerque, New Mexico-based advisers are joining from Maplewood Investments

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The old 60-40 formula for stocks and bonds has run into trouble

With Treasury yields now hovering around zero, and likely to stay there for years, expected gains from the traditional asset mix are in doubt.

First Eagle expands into asset-based lending with new hires

The manager joins firms including JPMorgan and Arena Investors in seeking opportunities in the sector, particularly in the wake of the coronavirus pandemic.

Revised ETF regulations could change the game

Regulatory shifts may make ETF investment options more appealing

New Hampshire investigating churning claims against Merrill brokers

Former governor says the firm, two former brokers were responsible for $50 million in losses

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Many fund managers could keep trades secret under SEC plan

Almost 90% of smaller fund managers would no longer have to report their investments and their firms would save $136 million a year, the agency estimates.

Wall Street benefits from Fed’s support for corporate debt

Fees for underwriting investment-grade bonds doubled in the first half

The post Wall Street benefits from Fed’s support for corporate debt appeared first on InvestmentNews.

Celebrity Estates: Arnold Palmer and Investing in Wine

What does a wine investment entail, monetarily and logistically, and how do you plan for it?

SEC proposes easing reporting requirements for funds

Funds would be required to report holdings quarterly if they have at least $3.5 billion of equities, up from the current threshold of $100 million

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Election 2020: Planning for a Democratic Victory

A panel of tax experts discuss the planning strategies clients should take now in the case of a Democrat winning the White House in the upcoming election.

‘Lost and found’ 401(k) bill is good for the advice industry

While not exactly novel, the legislation is a sound first step toward getting Main Street investors the tools they need

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Maximizing your digital magazine experience

Bringing back the physical version last month further informed our desire to deliver this magazine in all the ways that you need it

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COVID-19 puts alternatives back in the mainstream

The new normal is reigniting conversations around the potential for alternative investments to add diversity and hedge risk

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Wawa settles ESOP lawsuit for $21.6 million

The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016

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Q&A: iCapital Network’s CEO Lawrence Calcano

Calcano talks automation, the firm’s recent acquisition of Wells Fargo’s alternative investments platform and expectations for tech moving forward

The post Q&A: iCapital Network’s CEO Lawrence Calcano appeared first on InvestmentNews.

Oklahoma pulls back Form CRS mandate for state-registered advisers

Rhode Island keeps its requirement on the books

The post Oklahoma pulls back Form CRS mandate for state-registered advisers appeared first on InvestmentNews.