For the last couple of years, women have been making significant strides in the financial advice industry. InvestmentNews’ upcoming Women Advisor Summit will celebrate those women who dominate their respective firms and are paving the way for others. When it comes to being a successful woman, Haleh Moddasser says failure is...
When investors consider fees, they often choose to avoid funds of funds. However, a recent analysis from Opto Investments, a fintech company for RIAs, says that funds of funds might actually be worth considering. The analysis published earlier this month argued that the historical performance of funds of funds often...
A recent webinar brought together advisors and experts to talk about fee-based annuities. As it turns out, annuities have grown and are helping RIAs to meet demands. “Annuities have proven to be a more efficient means of generated income,” said Sam Dittberner, vice president and RIA relationship manager at Allianz. “When...
When it comes to saving up for health care costs, 36 million people are thinking about their medical expenses. That’s according to Devenir, a provider of investment solutions for health savings accounts, which released the findings of its semiannual study last week. Its health savings account survey found that HSA assets...
If you’re in the middle of retirement planning, one of the risks you may want to consider is longevity. It’s a unique factor. It impacts everyone, it is impossible to forecast, and it changes over time with improvements in medical science. It’s also going to be a major topic covered...
Planning for retirement can be a complicated problem. After all, there are a lot of decisions to consider — from life expectancy and how early you want to start planning to how much to put away to save and how much to spend in retirement. According to the Department of Labor,...
Direct indexing has risen to prominence recently, but a new report has highlighted a problem — its name. Direct indexing is an approach to index investing that involves buying the individual stocks that make up an index, in the same weights as the index. A report Tuesday from Hearts &...
Proxy voting for investors is about to become a whole lot easier. Envestnet and iconik, a voting technology provider, announced Monday they’re teaming up to provide enhanced proxy voting solutions for those using Envestnet’s Sustainable Quantitative Portfolios. The firms say the move, which comes after an increase in investor demand, will...
Two former Wells Fargo Advisors have jumped ship to join joined Raymond James Financial Services, the the firm’s independent advisor channel. Based in Massapequa Park, New York, Scott T. Mulford and Melissa Minikes previously managed over $170 million in client assets while at Wells Fargo. The pair are joined by...
Over 200 people are expected to lose their jobs at Amsterdam-based Sustainalytics, the company announced. The decision comes after Chicago-based Morningstar said in June it would move to align Sustainalytics more closely with its Indexes businesses. According to its website, the ESG service provider arm Sustainalytics employs over 1,800 people,...