The SEC has settled charges with a faith-based robo-advisor tailored to Muslim clients that it broke the commission's marketing rules by including athletes in ads without disclosing they were compensated for the work. New York-based Wahed Invest will pay $250,000 to settle charges with the commission. The fintech firm was launched in 2017 and focuses…

One of the defining characteristics of US stock market valuation in 2024 has been the large impact of some mega-cap stocks on index returns. This trend was reflected in US ETF launches in October 2024. Some of the new ETFs allow investors to double down on this mega-cap tech trend. For example, BlackRock launched the…

As American citizens, we have the privilege of voting in a presidential election every four years. After months of intense campaigning and vicious debate, we determine which party represents our values ​​and vote accordingly. Taking the opportunity to assess our priorities every four years helps us choose the causes that are most important to us…

Nobody really like paying taxes. So what would your clients say if you could make it so that they paid no tax on the capital gains of their investment portfolio? Just because something is true does not mean it is right. However, many asset managers and advisers still use the promise of low- or zero-tax…

Sponsored by A major hurdle in estate planning is that advisors and clients often don't know where to start. Even with digital solutions available, many customers still feel overwhelmed. Here is your chance to intervene. Our simple six-step guide breaks down the process, showing you how to help your clients finally create their estate plans,…

Simplisure, a startup launched by life insurance industry veterans, has unveiled its flagship digital platform. Two of the firm's three principals have long worked with end customers and financial advisors to help them find the best match based on the personal history and needs of those seeking insurance. Related: Insurtech Startup Modern Life Adds Long-Term…

This month's headlines feature several firms that are taking action to deliver for the wealth management industry. Whether that's listening to advisors and providing solutions or advocating for customers in this Wild Wild West era of data, we're happy to see companies pushing to do more and do the right thing. Here we present our…

JP Morgan will pay more than $150 million between its investment management and securities instruments to settle a slew of SEC charges, regulators disclosed in several settlements on Thursday. The largest fine was $100 millionrelated to allegations that JP Morgan Securities made misleading statements to brokerage clients investing in its Conduit products. The scheme allegedly…

In a move that reaffirms it bet on offering alts in the wealth channelasset manager Franklin Templeton has appointed George Stephan to the newly created position of global chief operating officer of wealth management alternatives. Stephan, who previously spent five years at Kohlberg Kravis Roberts & Co. as head of strategy and business development for…

Focus Financial Partners has agreed to acquire Homan Wealth Advisors, an Omaha, Neb.-based registered investment advisor. Homan Wealth Advisors will be absorbed into Focus's Buckingham Strategic Wealth business, which is itself now part of that parent company's Colony Group. This is Colony's first external deal since then joined Buckingham in May. Related: Focused firm Kovitz…