Investments

Advisors who use at least two of the services will receive discounted pricing.

Each time Edelman made a deal with investors in his advisory firm, he carved out a strategic payout for himself and a profit stake in the new entity.

From the high price of gas to the size of his blue plate special, Roger Hewins sees worrying signs — and is prepping clients accordingly.

The deal values the robo advisor at close to $966 million, according to people familiar with the matter.

The vision is to democratize “high-quality, personalized advice at scale, just as the independent advisor has disrupted wealth management,” the companies said in a statement.

Filmmakers use the phrase “Narrative Is Everything” to emphasize the importance of storytelling to their craft. They understand how a good storyline communicates to the viewer, draws them in and makes them root for the protagonist. Without a good narrative, even the best casts inhabiting the most wonderful characters risk failing to entertain. Great narratives can terrify you, warm your heart, or compel your attention.

"Long volatility, or tail risk exposure, when added to a portfolio of stocks — and bonds — can greatly improve the risk characteristics while smoothing out returns," writes Jared Dillian.

The $637 billion quant pioneer founded by David Booth has converted four equity mutual funds with $28.8 billion of assets into ETFs.

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

Firms using the fintech will lose support on September 6.

The potential growth for blockchain means fund managers need to be poised to meet client demand, according to a study by Morgan Stanley.

The case against Centaurus Financial comes after the industry and consumer advocates decried the previous administration’s approach for different reasons.

Why does Vanguard expect so little from the market? The culprit, not surprisingly, is high valuations, Nir Kaissar writes.

A state treasurer’s program in collaboration with the Ford Foundation has attracted 18 firms including UBS, BlackRock, Morgan Stanley, Citi and Goldman Sachs.

"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.

"The successful long-term players have the long-term tech driven trends right, and COVID just accelerated and magnified the trends," an expert says.

So far, customers haven’t shown the same enthusiasm for their debuts as they have for their favorite meme stocks.

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

While the worries are all valid, they don’t mean the approach has suddenly become financial suicide overnight, writes Emily Cadman.

Account openings on the app doubled in 2020 from a year earlier.