Finance

Financial advisors are seeking technology tools that help them deliver deeper insights and better advice. Results of Financial Planning’s survey shows them where to look.

Asset managers have felt the pressure as volatility roils global markets and investors continue to demand low-fee funds that require far fewer workers.

The New York-based firm has secured over $62 million in equity funding since its founding in 2014.

“Just like equities, last year was a volatile year and the fourth quarter of 2018 did a number on the returns of risk assets,” an expert says.

In the last five years, the universe of sustainable funds has increased almost 70% to $760 billion in European and U.S. mutual funds and ETFs.

The drop in wealth was equivalent to the GDP of Italy.

The purchase will add to one of the asset manager’s key businesses, Aladdin.

Strategic buyers have less cash but more flexibility, experts say.

The hit to wealth management from a difficult trading environment was already visible in the fourth quarter.

Despite the weakest one-year performance, these funds had double-digit annualized returns the past three years.

After expanding into a $7 trillion industry, index funds are facing slower asset growth and declining fee revenue.

The deal to add ready-made packages of funds to the firm’s asset management arm is expected to close in the first half of the year.

Outperformance has been driven in part by a push among investors to cut their tax bills after new limits were set on state and local deductions.

Commissions and cash-sweep revenue jumped by more than a combined $100 million in 2018 — even as the parent firm’s longtime chairman left the company.

The products have already attracted $1.3 billion in new assets this year, more than half what they took in during 2018.

The products invest in private equity, hedge funds and real estate for the bank’s wealth management arm.

The sector has seen an inflow surge in recent months as Treasury yields continue to fall.

It’s not just clients in high-tax states buying up muni bonds.

Alternative asset managers are under pressure to broaden their offerings as institutional investors seek to make big allocations to fewer firms.

Home to more than $249 billion, these funds have expense ratios more than 20 basis points higher than the industry average.