The investing approach favored by the Robinhood-powered cohort is in stark contrast to those systematic players who tend toward cheap equities and profitable companies.
Margaret Dechant, CEO of 6 Meridian, explains the reasoning behind the firm's decision to go fully independent instead of using one of the popular breakaway broker support platforms.
In this week's fund news, direct indexing platform Veriti nears $1 billion in AUM; J.P. Morgan to convert four mutual funds to ETFs; and Hartford enters the ESG ETF market.
J.P. Morgan follows in the footsteps of Guinness Atkinson and Dimensional Fund Advisors with its plan to convert four equity mutual funds into similar active transparent ETFs next year.
Digital-asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018.