Investments

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.

Once the cost of coverage is accounted for, the implied rate of return for investing through a return of premium term policy can be quite attractive, Derek Tharp writes.

The app offers investing and banking products to more than 4 million subscribers.

Wall Street is divided over the world’s biggest debt market as inflation breaks out and debt burdens swell.

The long-term leaders carry fees more than twice the broader industry.

Most foreign financial institutions have identified wealth management as a prime focus with investable assets estimated to double over the next few years.

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.