In the sustainable investing world, motivating companies to do better has happened through two basic strategies: divestment and engagement — and new research shows that using elements of both can accomplish the most. That won’t be news to investment providers and advocacy groups that specialize in sustainable investing — some...
Sarah Paulson’s business is unlike most financial advisories because of two things it doesn’t have: an asset minimum and an office. Both of those details were a consequence of the pandemic, Paulson said. Early in the Covid days, she was working as a trust officer at Associated Bank. “I wasn’t really...
A forthcoming ETF suite is aiming at the crossroads of two investing trends currently having their moments: single-stock products and covered-call strategies. That appears to be the heart of the Rex IncomeMax ETFs — a line of 17 funds, each of which gives the covered-call treatment to a specific security....
It would be hard to overstate how consequential a pair of bills in California will be in shaping the future of greenhouse gas emissions reporting in the U.S. On Tuesday, the state legislature passed a bill, SB-253, that will require businesses with more than $1 billion in annual revenues to...
The U.S. lags 19 other countries on retirement security — putting it just behind Belgium and ahead of South Korea — despite recent initiatives designed to help expand plan access and encourage workers to save more. The country’s relatively low ranking among other wealthy nations is down two positions from...
A roundup Monday of coordinated state investment advisor examinations so far in 2023 found that surprisingly, violations have plummeted over two years. Compared with exams in mid-2021, the North American Securities Administrators Association found that across categories such as registration, books and records, and supervision and compliance, the incidences of...
Dan Otter has heard the story too many times: An insurance company rep walks into a classroom and pitches a teacher on a high-fee annuity in the school district’s 403(b) plan. Early in his teaching days, it happened to him. “I was in my classroom, desperately trying to get ready for...
Women who put their careers on pause are more than twice as likely than men who do the same to go back to work after retirement. That’s according to data Friday from Charles Schwab, based on a June survey of 1,000 U.S. residents ages 22 to 88 with $50,000 to...
The financial services industry has a history of furthering inequality — both within the business and the wider public — and that’s something that consumers want it to address. That’s according to a report Thursday from Veris Wealth Partners that highlighted ways for advisors to evaluate asset managers on their...
An ETF shop known for shorting Jim Cramer’s and Cathie Wood’s stock picks is preparing to bet against a different category: ESG. On Tuesday, Tuttle Capital filed with the Securities and Exchange Commission to launch two products: the Inverse Socially Conscious and Self Defense Index ETFs. The former would seek...