ETFs

Not only are the portfolios similar, but performance is nearly identical, writes Bloomberg’s Aaron Brown.

Advisor Group, Raymond James, LPL, New York Life, Stone Point Capital, and other news and moves of the week in the financial advice world.

Aside from their rock-bottom fees, those with the largest gains have at least one commonality: asset allocation.

If Biden’s proposal is enacted, Nir Kaissar writes many investors will dump their funds to avoid paying a higher tax down the road.

The frenzy for tech-focused thematic funds and investor demand for sustainability is smashing Wall Street projections.

While its investment strategy may be relatively immovable, the Austin, Texas-based firm has accepted that its approach may need to move with the times.

Moves and news at Stifel, Avantax, Cetera, D.A. Davidson, John Hancock Retirement and other quick takes from the week in financial advice.

Investors are pouring money into U.S. listed products as stocks continue to reach all-time highs and the economic recovery heats up.

Clients poured about $1.25 billion into the fund in its first day of trading.

The changes mark a new phase in the tug-of-war between the structures.

The moves come just one day after BlackRock announced reductions on $7.6 billion of its style funds.

Several proposals have so far failed to pass the SEC's muster.

More fund managers are entering the exchange-traded sector. Investors are following.

The firm has been locked in a contest with runner-up Vanguard for flows, with the latter winning last year for the first time since 2013.

Over the past year, the lineup of stock and bond funds notched an average gain of more than 25%.

ARKK, along with other funds in her lineup, is in the green after logging its longest stretch of losses since the COVID 19-spurred meltdown last year.

Such products attracted more than $32 billion in January and February, by far their best start to a year.

The RIA acquired the innovative practice while bulking up its social justice investing efforts and its wealth redistribution planning services.

While the quant firm will miss becoming the first to flip mutual funds to ETFs, its nearly $26 billion conversion will by far be the biggest.

Some familiar names top the list for these investors who kept about 35% of their brokerage assets in equities.