Capital markets

Once a laggard, the index and its cyclical components have shot up 13% since Halloween, putting it on track for the best month since 1987.

Two women employees at the firm’s Newport Beach, California office say they were demoted after reporting instances of bias and harassment.

Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.

A 50% allocation to equities for someone in their 60s still leaves someone with a lot of risk right before retirement, writes Jared Dillian.

The uncertainty could lead to market volatility, delayed stimulus negotiations and complicate planning for a potentially new regulatory environment.

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.

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

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.