Portfolio

SagePoint Financial failed to adequately supervise reps who recommended that clients exchange the products before maturity, the regulator says.

“Especially in this time when we are thinking, ‘Is there going to be a shortage of opportunity,’ in comes this one. It’s put a lot of fire in me to learn as much as I can,” says new college graduate Kameron Kindle.

Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.

The ETF aims to track companies specializing in remote-working, learning and entertainment.

The role of retail investors in a 45% rebound since late March has been intensely analyzed, as a swarm of tiny buyers chased after recovery plays and insolvency stocks.

CEO Jim Gold anticipates an uptick in advisor moves in coming months.

The $4.9 billion fund has come under close scrutiny as crude’s rapid plunge forced it to quickly shift some of its giant positions on short notice.

As asset managers launch funds with this new structure, lack of familiarity may hinder advisors’ adoption of them.

Independent advisors may enjoy freedom of choice when it comes to all things digital, but giant institutions have a leg up with integration.

Major donor-advised fund providers said they’re using webinars, podcasts, social media and emails to nudge clients to give.