Finance

The firm will use its warchest to expand its technology stack and make acquisitions.

Complicating socially conscious investing is the fact the SEC doesn’t regulate how the category’s labeling is applied.

If approved for an IPO, the blank check company will face stiff competition among the growing ranks of RIA acquirers.

“These are tracking the industries that are supporting the economy and will continue in the post-pandemic world,” an expert says.

Meanwhile, the wirheouse’s advisor headcount ticks down and recruitment loans drop, again.

BNY Mellon’s CEO also sees a distribution opportunity for the company’s proprietary funds.

It’s a dilemma that could reshape the classic investing strategy as the Fed holds rates near zero for the foreseeable future.

The fintech plans to build out cash, checking, insurance and mortgage products.

Genstar Capital Managing Partner Tony Salewski spoke openly with advisors about the firm’s investment strategy for the IBD network.

The acquisition established a $6 trillion-giant operating as a mutual fund company, RIA custodian, bank, retail brokerage and national wealth management firm.

Estimates for the deal between the analytics platform and private equity firm LLR Partners go as high as $270 million.

The Managed Funds Association urged the agency to do more analysis before moving forward.

Unlike many digital advisors, Retirable is not offering investment management or targeting millennials.

The Labor Department has opened the door to using PE as a component of a target date fund held within a DC plan, writes iCapital Network CEO Lawrence Calcano.

In the first half of the year, fewer than a third of U.S. domestic equity fund managers delivered annualized returns that outpaced the S&P Composite 1500.

The fund giants voted for 99% of U.S. directors proposed by the energy, utility, banking and automotive companies reviewed by nonprofit research group Majority Action.

“Investors are going into lower, more passive mutual funds because they don't want to pay the fees,” an expert says.

Funds from the biggest three issuers account for more than 80% of the industry's total assets.

While some industry employees are eager for the normalcy of their offices, others are more reluctant as experts predict another rise in virus cases.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.