News

SEC Republican commissioner to step down by January

SALT-cap expansion has nowhere to go as Biden agenda stalls

How advisors are using muni bonds in client portfolios amid a low-rate environment

Wall Street money machine booms as 445 ETFs debut this year

Eight Must Reads for the CRE Industry Today (Dec. 21, 2021)

Affiliates of Blackstone Real Estate will buy Bluerock Residential Growth REIT in a deal valued at $3.6 billion, reports Reuters. Home flipping is getting less profitable, according to CNBC. These are among today’s must reads from around the commercial real estate industry.

Manhattan Office Tower on Far West Side Sells for $1 Billion

Los Angeles-based CommonWealth Partners bought the 697,958-sq.-ft. building.

ETFs set another record in race to takeover mutual funds

In stride with record net inflows, the ETF industry is launching new funds and finding creative ways to take market share from the legacy mutual fund space.

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ETFs set another record in race to take over mutual funds

In stride with record net inflows, the ETF industry is launching new funds and finding creative ways to take market share from the legacy mutual fund space.

The post ETFs set another record in race to take over mutual funds appeared first on InvestmentNews.

Spending in retirement falls with age, and not by choice

Most retirees are likely forced to cut down costs due to insufficient savings, a new paper from the Center for Retirement Research found.

The post Spending in retirement falls with age, and not by choice appeared first on InvestmentNews.

Picking Winners Is a Losing Game – Lessons Learned From Moneyball

Wednesday, January 12, 2022 | 2:00 PM ET

SEC: Firms Need More 'Plain English' in Form CRS

The commission’s Standards of Conduct Implementation Committee urged advisors and firms to be concise when writing their relationship summaries and to avoid unnecessary legal jargon.

American Finance Trust to Buy $1.3 Billion Shopping Portfolio

The REIT will purchase 81 outdoor shopping centers spanning 9.5 million sq. ft. from subsidiaries of CIM Real Estate Finance Trust.

Fund News Advisors Can Use: Fund Managers Slash Expense Ratios Before Year-End

In this week’s fund news, DFA, Vanguard and Schwab cut fees; the anti-ARK ETF is one of the most actively traded ETFs launched so far this year; Schwab RIAs get T. Rowe funds with no transaction fees; and RiverNorth takes stake in TrueMark to develop ETFs.

SEC Republican commissioner Elad Roisman to step down

Roisman, who has been a commissioner since 2018, played a key role in Trump-era efforts by the SEC to rein in proxy advisory firms and to make it easier for companies to block submissions from newer stockholders.

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LPL Financial lands MML team managing $390 million

Sterling Wealth Group is based in Melville, New York and was formerly affiliated with MML Investors Services.

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Making a Pivot: How Origin Investments Changed its Strategy with the Change in the Market

The investment fund manager used to focus on value-add multifamily. Then it discovered the play no longer made sense.

MAI Capital acquires $235 million RIA

Since September, MAI has been owned by Galway Insurance Holdings, a New York-based financial services distribution company.

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Wall Street Money Machine Booms as 445 ETFs Debut in Epic Year

About $900 billion has flowed into the ETF market since the start of the year -- easily a record. Barely any funds are getting shuttered. 

Tax Bills for Rich Americans in Doubt With Biden’s Plan Adrift

“Planning has been put on hold, because no one knows what the rules of the game are.”

Keep a Clear Head at Year-End

Don’t let frantic clients guilt you into helping them make reckless last-minute tax planning decisions.