VanEck Launches the First U.S.-Listed Green Bond ETF: Portfolio Products
In other product news, Morgan Stanley launched two sustainable investing portfolios.
Morgan Stanley to Launch Small Retirement Plan Platform
The wirehouse says its advisors can use the technology to offer small-business clients the ability to handle 401(k) plans with less than $10 million.
Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”
Betterment for Business Teams Up With ADP
The 401(k) unit of the largest independent robo-advisor said the partnership will strengthen its ability to serve "midsized professional services firms."
Republicans Unveil Bill to Repeal and Replace Obamacare
Plan would create tax credits, end health insurance mandate; no estimate of proposal’s cost or how many will be covered.
Senate Bills Would Torpedo State-Run Retirement Plans
The retirement rules are "another example of the previous administration’s preference for government solutions to every problem," Sen. Orrin Hatch says.
Standard Life to Buy Aberdeen in $4.7B Stock Deal
Aberdeen’s largest shareholder will support the all-share deal, which creates a $811 billion asset manager.
Research Affiliates Launches Smart Beta Factor Valuation Tool: Portfolio Products
In other product news, Hartford Funds expands its socially responsible investing lineup.
Stretch Veterans’ Long-Term Care Savings With an A&A Pension
Advisors serving veterans with extended LTC needs may want to consider an immediate annuity to help them qualify for a supplemental pension through the VA.
Securities America to Pay $1M Over Sales of MedCap Notes
Earlier, the IBD agreed to give some $2.8 million to some 60 investors who lost millions as the firm went into default.