Alts Platform iCapital Opens to Accredited Investors: Tech Roundup
Alternative investment provider iCapital Network is expanding access to its online investment platform to accredited investors in addition to qualified purchasers.
Pimco Liquidates Arnott-Run Smart Beta Fund
Research Affiliates fund trailed 87% of peers in past 3 years; assets had fallen to $316 million from $4.2 billion at peak.
‘No Fee Compression on Our Advisors’: Raymond James CEO
Paul Reilly discusses retention, recruiting efforts and compliance issues during the yearly indie advisor event.
California Lets Insurers Put ACA Changes in 2018 Rate Filings
One set of rates could reflect elimination of an ACA subsidy and the ACA individual mandate.
Michael Lewis: A Warning for Index Investors From the Oakland A's
At Morningstar conference, the author of "Moneyball" talks about what indexers in particular should learn from his baseball book and what he thinks of Trump.
Vanguard Announces Fifth Round of Fee Cuts Since December
The latest round include cuts on the world's largest stock and bond funds, the Vanguard Total Stock Market Index and Total Bond Market Index funds.
Anthem Loses D.C. Circuit Bid to Revive Cigna Merger
The three judges on the panel split 2-1 — and they wrote three separate opinions.
Congress Does Bare Minimum to Keep Government Open Next Week
The stopgap funding bill averts a shutdown on President Trump’s 100th day in office; lawmakers to continue talks on a broader financing bill.
MetLife CEO Says Industries Must Forfeit `Sacred' Tax Preference
Steven Kandarian argues that progress requires companies to let some sacred cows expire.
Fintech Isn't Solving Industry's Diversity Problem
According to Morningstar's Don Phllips, finance is "a community that serves rich white men very well." Josh Brown says society is negligent on financial education.