Asset managers selling funds into the European Union risk having client flows “meaningfully” disrupted as regulators in the bloc consider a major overhaul of ESG investing rules, according to analysts at Barclays Plc. The EU Commission opened the door to a wholesale review of the Sustainable Finance Disclosure Regulation last month, when...
The SEC gave a big present to crypto ETF firms just ahead of the likely government shutdown, reportedly granting approval for a number of ethereum futures strategies that could start trading soon. First on its list appears to be Valkyrie Funds, which had filed with the regulator to add ethereum...
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...
For the first time in a long time, advisors are being forced to think about cash. Stashing excess client funds wasn’t an issue for financial advisors at the start of 2022, because cash was barely generating any return. With the federal funds target rate at 1.5% back then and money...
Morgan Stanley’s 15,000 financial advisors will have to work harder in 2024 and generate more revenue to earn the same amount of take-home pay as they did this year. Large wirehouses like Morgan Stanley rely on complex, cumbersome pay schemes known as “grids” to determine what percentage a financial...
A fresh slate of Wall Street firms agreed to collectively pay tens of millions of dollars to U.S. regulators over their employees’ use of unmonitored communication channels on the job. The Securities and Exchange Commission said Friday that the firms, including Interactive Brokers Group Inc. and Robert W. Baird &...
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...
While student loan debt is a concern for Americans of all ages, for those approaching retirement still burdened with repayments from their younger years is particularly worrying. A new report reveals that 13% of the 64 million Gen Xers in the U.S., roughly aged 42-58 years, have student loan debt...
Financial institutions are missing an important element of providing an effective service for clients from diverse backgrounds. Edward Jones asked attendees at its Diversity, Equity, and Inclusion Conference this week, including financial advisors, client support team members and home office associates, for their insights and found that 54% of client-facing...
The Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the U.S. The regulator, whose three-part mandate includes investor protection, also postponed decisions on applications from Bitwise and Valkyrie, according to documents posted...