Portfolio

“How many minority-owned ETFs do you know?” an advisor asks.

Now, with a flood of day traders entering the market, a memorable moniker could be more valuable than ever.

The latest roundup of news in the IBD and RIA channels comes in a time of economic turmoil and big transactions.

The aggregator thinks it’s found a sweet spot sharing revenues with firms it acquires, says CEO Bob Oros.

High unemployment, rising virus cases and the upcoming presidential election are causing clients to change their strategies, advisors say.

Innovator ETFs, an asset manager, will debut its so-called buffer funds at a time when Treasury yields are hovering near historic lows and duration risk climbs.

During Andy Kalbaugh’s tenure with the No. 1 IBD, its headcount grew by more than 50% to nearly 17,000 reps.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

“If you decide to make the portfolio more conservative, make sure you have a plan — an exact plan — on when to come back,” an expert says.

As consolidation reshapes the market, the custodian sees an opportunity to attract tech-forward and multi-custodial firms.