Franklin Resources Inc. will purchase O’Shaughnessy Asset Management, making it the latest money manager to strike a deal for a customized index business.  With the acquisition, Franklin Templeton, as the asset manager is known, will add O’Shaughnessy’s $6.4 billion in ...

The strong recent performance of sustainable investing strategies has sparked a curious shift from investing to do good for the planet, to investing to do good for the portfolio. That was among the findings from a global survey of investors ...

This month’s edition kicks off with the big news that Riskalyze has been recapitalized with a valuation of more than $300 million, as the risk tolerance assessment tool continues to expand its adviser reach — seemingly unimpacted by an explosion ...

State regulatory enforcement occurred at a higher level in 2020 than it had in most recent years even as many regulators worked from home due to the coronavirus pandemic, according to a report released Wednesday. State securities regulators opened 5,501 ...

The team of James Wendling, Steven VanDerSchaaf and Clint Allaman, who managed $315 million at Morgan Stanley in Davenport, Iowa, have moved to the employee unit of Raymond James. Wendling spent more than 30 years with Morgan Stanley and predecessor ...

Independent digital investment adviser Betterment announced Wednesday it has secured $160 million in growth capital, its largest capital round to date that has pushed the fintech’s valuation to $1.3 billion.  The extra capital consists of a $60 million Series F ...

Nearly one out of three customers who won Finra arbitration cases in 2020 did not receive their award payment, according to a study released Wednesday. The Public Investors Advocate Bar Association reviewed all publicly available 2020 arbitration awards available on ...

Employers that are seeking to hire workers in a competitive market for talent might benefit from juicing up their 401(k) with retirement income, a recent report suggests. TIAA, which has long provided in-plan annuities, commissioned a survey in May among ...

Merrill Lynch announced Wednesday the rollout of a new mobile app for its advisers to access all the information from their adviser dashboard on a desktop via smartphone.  The “mobile adviser experience,” or “MAX” for short, is automatically available on all ...

Some of Europe’s biggest asset managers are starting to drop a once-ubiquitous ESG label from their company filings amid concern that regulators will no longer tolerate vague descriptions of environmental, social and governance investing. Money managers including Allianz Global Investors ...