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Hundreds of strategies that outperformed in backtesting are failing to live up to their hype once they are packaged up and sold as ETFs, a study finds.

Ingo Uytdehaage is CFO at Adyen.

Sarosh Shahbuddin is group product manager for Pindrop.

Funds focused on the sector lost more than $2.4 billion in August, the most since 2016.

Wealthfront gives users more control over their money with automatic transfers to savings accounts or ETFs.

The custodian’s NetX360 desktop now supports biometric authentication.

Northwestern Mutual’s practices raise concerns about the nature of retail advice, just as wealth management is facing greater scrutiny under new rules.

Jeffrey J. Ansley is a partner and Katherine M. Devlin and Arianna G. Goodman are associates with Bell Nunnally in Dallas. They can be reached at jansley@bellnunnally.com, kdevlin@bellnunnally.com and agoodman@bellnunnally.com, respectively, or via the firm’s website, https://www.bellnunnally.com/

Jay H. Freeberg, CPA, CFP, CDFA, is a partner at Janover LLC.