Investments

The average expense ratio for this group was more than 100 basis points.

A 50% allocation to equities for someone in their 60s still leaves someone with a lot of risk right before retirement, writes Jared Dillian.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.

“Their top holdings are focused on those companies that have benefited in a post-COVID world,” an expert says.

It's helpful to recognize that there are both policy implications and behavioral implications of elections, and that these have completely distinct market consequences.

The rule has faced a host of criticism from investors, environmentalists, asset managers and others.

This election cycle has had more than a few bad surprises, but my advice to clients remains the same.

CEO Jamie Price says the change will reduce potential conflicts of interest related to transaction fees and come with lower prices in wrap accounts.

Fees among the leaders range from as little as two basis points to as high as 125 basis points.

Complicating socially conscious investing is the fact the SEC doesn’t regulate how the category’s labeling is applied.

Refinitv’s Workspace will power the wirehouse’s investment research and risk assessment capabilities.

The firm expects to receive bids this month, according to a person familiar with the matter.

The former J.W. Cole advisor’s practice allegedly sold more than $40 million worth of unsuitable and unregistered promissory notes.

“These are tracking the industries that are supporting the economy and will continue in the post-pandemic world,” an expert says.

More than 130 fund management and financial advisory firms have written letters opposing the plan. And the complaints keep coming.

BNY Mellon’s CEO also sees a distribution opportunity for the company’s proprietary funds.

It’s a dilemma that could reshape the classic investing strategy as the Fed holds rates near zero for the foreseeable future.

The fintech plans to build out cash, checking, insurance and mortgage products.

A recent study suggests sales of "expensive" VAs fell as a result of the vacated rule. But there are other factors at play, writes Raymond James' Scott Stolz.