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01:06
ETF News - Columbia Threadneedle Launches Real Estate ETF
Columbia Threadneedle Investments just announced a new ETF. The Columbia Research Enhanced Real Estate Fund, CRED, tracks the firm’s proprietary Beta Advantage® Lionstone Research Enhanced REIT Index following about 70-90 REITs across eight sectors, including Hotel & Resort, Residential, and Health Care REITs.
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00:56
ETF News - April Records Lowest ETF Trading In Almost Three Years
US ETF trade in the month of April hit its lowest monthly transaction volume since August of 2020. US ETFs saw $2.1 Trillion dollars trade in April, down almost 50% from March. The VIX volatility index also showed volatility was down in the month of April
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01:54
Fixed Income News: BondBloxx Hits $1B AUM & JP Morgan Launches 3 Fixed Income ETFs
BondBloxx surpassed $1B AUM and formed a strategic partnership with Macquarie Asset Management, investors pulled $60 billion out of money market funds invested exclusively in T-bills and short-dated treasuries, and J.P. Morgan Asset Management is launching three new fixed income Betabuilders ETFs.
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01:00
ETF News - Largest US ETF Launch Ever Is Climate Focused
DWS partnered with, Ilmarinen, Finland’s largest private earnings-related pension insurance company, to launch the MSCI USA Climate Action Equity ETF, with Ilmarinen investing approximately 2 Billion USD, into the fund on its listing day, making it the largest US ETF launch ever and the largest ever climate investing ETF launch. The fund will track MSCI’s USA Climate Action Index, which comprises large and mid-capitalization companies in the United States assessed to be climate conscientious sector leaders, based on their emissions intensity, emissions reduction commitments, climate risk management and revenue from greener businesses. The investment is part of Ilmarinen’s effort to have a carbon-neutral investment portfolio by the end of 2035. MSCI USA Climate Action Equity ETF is listed on the NYSE Arca stock exchange with Ticker USCA.
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01:07
ETF News - AXS Investments Celebrates Launch of First Single Stock ETFs
AXS Investments rang the NASDAQ opening bell to celebrate the success of its historic suite of eight funds. They offer the industry's first leveraged long or inverse short exposure to the daily performance of Tesla, NVIDIA, PayPal, Nike, and Pfizer. In less than seven months of trading, this suite has gathered more than $200 million in assets, led largely by the Tesla Bear Daily ETF, TSLQ.
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08:50
Cetera Acquires Securian Financial’s Retail Wealth Business
Adam Antoniades, CEO of Cetera Financial Group, announces Cetera’s acquisition of Securian’s retail wealth business and what it means for both businesses, the financial professionals that work for them, and their clients.
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04:29
"No Jerks Allowed" Rule in Recent RIA Acquisition
$25 Billion Beacon Pointe just announced that it's buying Stonegate Capital Advisors in Scottsdale, Arizona. Beacon Point President Matt Cooper discusses how the acquisition came to fruition, the importance of good team culture, and other deals in the pipeline.
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00:56
Carson Group Grows to Billion Dollar Valuation
Carson Group is now being valued at more than a billion dollars. The fast-growing financial technology and services firm is taking on Bain Capital as a minority partner. According to the release, Bain's investment should help with expansion by acquisition and technology development. Carson Group's executive team will remain intact, with Founder and Chief Executive Officer Ron Carson at the helm.
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00:51
CI Grows US Assets to $68 Billion in 19th Acquisition
CI Financial is expanding its wealth management presence in the Mid-Atlantic by buying Radnor Financial Advisors, a $2.6 billion dollar RIA in Philadelphia, PA. According to the release, this marks CI’s 19th acquisition since January 2020 and brings CI's total US assets to just shy of $70 billion.
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00:58
United Expands Advisory Services with $2 Billion RIA Acquisition
United Community Banks is expanding its Advisory Services division by acquiring FinTrust Capital Partners in Greenville, South Carolina. According to the release, FinTrust managed about $2 billion across its advisory, retirement planning and brokerage businesses as of the end of Q1. United's board of directors has approved the deal, which is expected to close in the third quarter this year.
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00:54
#1 RIA Valued at $7.3 Billion in Investment from PE Firm Warburg Pincus
The #1 independent advisory firm in the country just announced has a new investment from Warburg Pincus. The PE firm is acquiring minority ownership and joining the board of Edelman Financial Engines, which manages $260 in assets. According to the release, this strategic investment values the nation's top RIA at $7.3 billion and is expected to close in the second quarter of this year.
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17:04
#1 RIA Ric Edelman's 2021 Outlook for Digital Assets
Ric Edelman talks about the Bitcoin rally, outlines the goals of the RIA Digital Assets Council, and discusses how advisors can build a better brand. Ric is the Founder of Edelman Financial Engines, which has been consistently ranked the #1 independent advisory firm by Barron’s.