Investments

Firms automating a once little-known investment strategy have become one of the hottest areas for wealthtech acquisitions.

With plans to raise more than $2.2 billion, Robinhood’s IPO would be the fifth-largest on a U.S. exchange in 2021.

Advisors should emphasize the role sector funds play in a diversified portfolio when it comes to specific sector holdings, an expert says.

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

Deep value managers appear poised to outperform as the country sheds challenges posed by the pandemic, writes Spencer Logan.

The firms agreed to censures, the settlement payments and to cease-and-desist orders tied to their alleged misconduct.

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.

Most investors are rigid about their investing philosophy, which makes them poorly adapted to changing markets and political regimes.

Citigroup will let retail customers bet on stocks without paying fees as the bank tries to expand its wealth business in the face of fierce competition from Silicon Valley ventures, discount brokerages and big-banking peers.

John Robert Jones Jr. is accused of convincing two dozen financiers to invest in two private unregistered funds with false promises of growth and limited risk.

As inflation rises, it's likely to cause trouble for the biggest money-management firms, bringing an end to the rapid consolidation in the industry, writes Richard Cookson.

Goldman Sachs economists said their optimistic outlook for global growth this year is now increasingly shared by rivals, meaning their forecast is the closest to consensus than at any time since April 2020.

New questions are being raised about the brokerage’s practices with the Intelligent Portfolios product.

Goldman Sachs Group strategists recently noted U.S. money market fund assets ballooned to a record $5.5 trillion during the pandemic, showing there’s a lot of cash on the sidelines.

The compliance inquiry relates to past disclosures around the Intelligent Portfolios product.

The robo advisor for socially conscious investors will benefit from becoming part of the largest U.S. bank, but "we also want to maintain the dynamic ... that made OpenInvest what it is," one of its co-founders says.

The penalty stems from lapses tied to a March 2020 outage and allegations that the fintech firm let thousands of clients trade options that might not have been appropriate for them.

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

After hiring Kara Murphy, the wealth manager aims to roll out investment management research and modeling tools for more than 2,400 advisors.