The strategy, which puts social good ahead of returns, can strengthen bonds with philanthropically minded clients.

After buying JustInvest, the low-cost-investing giant has an opportunity to wring fees out of this new alternative to ETFs, writes Allan Roth.

The startup, Just Invest, uses direct indexing to manage $1 billion in assets.

The New York-based bank is broadening its offering to financial advisors, a key source of growth in the asset-management industry.

Here's what you missed this week in the world of financial advice, including people moves, deals, enforcement, and research.

"Looking at boards, leadership representation, diversity representation and other indicators can guide advisors to consider investing in companies that align with their clients’ objectives," writes Eve Ellis.

A research and methodology company with a star-studded board launched the product with an eye toward advisors, retail clients and institutional investors.

Last year, many banks made big, splashy pledges to advance racial equity. Now some of those banks are seeking to hold executives accountable for those efforts through their paychecks.

This moment has revealed an urgent need for rigorous frameworks that enable the comparison of companies’ performance against racial justice indicators, Earl Carr writes.

Financial advisors, asset managers and researchers are racing to fill in the information gaps Americans reported in a new J.D. Power survey.