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“The risk that #retirement platforms are taking #ESG products down from their offerings is a significant impact of the rule and underscores the urgency of fixing it,” said Bryan McGannon, director of policy and programs at @US_SIFhttps://trib.al/pIBraEh 

A person familiar with the thinking inside Gabe Plotkin’s Melvin Capital said one lesson is clear: Don’t leave a trace and only buy put options over the counter. @MelvinCapitalLPhttps://trib.al/tabY1c7 

Partnering with @RaymondJames “will allow us to continue bringing a high level of service to our investment customers,” says FirstBank Investment Partners President Tripp Thompson.https://trib.al/BpfqEAw 

CEO Vlad Tenev has tried in public appearances to explain why @RobinhoodApp halted trading in popular stocks including GameStop. @vladtenevhttps://trib.al/iYNSOfD 

Fidelity’s ESG Pro includes a new questionnaire to determine what clients think about ESG factors and which issues are important to them to avoid any negative reactions to controversial topics.https://trib.al/3S27Y67 

The board paid @WellsFargo CEO Charles Scharf $20.3 million for 2020, his first full year atop Wells Fargo, down from $23 million for 2019.https://trib.al/od5kTqk 

“Overall what’s happening in the asset and #wealthmanagement industry is that there are better things that people can be investing in: more appropriate portfolios, lower-priced products, etc.,” said @Poweredby55ip CEO Paul Gamble.https://trib.al/FDoeEwy 

In the latest ratings action on Kestra’s debt by @MoodysInvSvc, the agency affirmed the wealth manager’s “B3” rating and stable outlook.https://trib.al/JdsJJmG 

“Since we started publishing our CMAs in 2014, equities have become somewhat more attractive relative to bonds, but estimates for both asset classes have moved lower,” @AQRCapital said in its outlook.https://trib.al/IdgVjjj 

The recent trading frenzy shows the unintended consequences of regulatory changes put in after the last financial crisis, including rules on disclosure of short positions, said Fidelity International CEO @AnneRichards16https://trib.al/XKrD942 

“I think, post-pandemic, people are going to be excited to get back out and attend events,” says Orion CEO @EricRClarke.https://trib.al/X5GLb7k 

“The Small Business Administration met the requirement to issue the one page form for #PPP loan forgiveness by 24 days after the date of enactment of the Consolidated Appropriations Act, 2021,” @edzollars wrote.https://trib.al/uaU4Rse 

“While many clients looking to make significant charitable contributions may do so primarily for altruistic purposes, maximizing the potential #tax benefits of such contributions is often an important secondary objective,” @CPAPlanner writes.https://trib.al/zYsShFz 

“There’s a bunch of people in for a very rude awakening at some point here. I don’t know if it's going to happen tomorrow or next week or next month. But it will happen and that will pass,” said @MorganStanley CEO James Gorman.https://trib.al/M440AqB 

Complex manager Rick Ballou cited the team’s experience as a welcome addition to Janney’s presence in the Atlanta market.https://trib.al/uN1J0Oi 

In 2020, nine of the U.S.’s 10 largest #ESG -focused #mutualfunds generated higher returns than the S&P 500 by posting gains of at least 20%.https://trib.al/Sd6APeH 

A 60/40 U.S. portfolio of #stocks and #bonds is now seen delivering just 1.4% after inflation.https://trib.al/SxVcBT4 

“The energy sector was already relatively weak entering 2020, and then declined further when oil prices collapsed during the initial months of the pandemic,” says Amy Magnotta, co-head of discretionary portfolios at @BrinkerCapitalhttps://trib.al/mw9m5rP 

As IBDs aim to recruit more breakaway teams, @CommonwealthFN has launched its Business Consulting Services unit.https://trib.al/BIcLehQ 

56% of young adults with household incomes of $50,000 or more trusted human #financialadvisors more than automated ones, an @Investopedia survey found.https://trib.al/hYdUyT2