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Thank Advisors for Goldman’s New ETFs

Thank Advisors for Goldman’s New ETFs

"We're Goldman Sachs." | Copyright Chris Hondros, Getty Images

Demand from financial advisors drove Goldman Sachs' first foray into exchange traded funds, said Steve Sachs, head of capital markets at the firm, speaking with Tom Lydon of ETF Trends. Sachs said the firm had been looking at the strategies for a long time, and are agnostic to the wrapper they use. In late September, Goldman announced its ActiveBeta U.S. Large Cap Equity ETF (Ticker: GSLC), the first in a planned series of fundemental-weighted ETFs. They will charge 9 basis points. Is that sustainable? “We’re Goldman Sachs Asset Management. We have scale immediately. We don’t have to worry about necessarily each individual product,” Sachs said.

Voya Gives Babies a Freebie

Lucky kid.

It's never too early to start saving for retirement. If you or someone you know had a baby on Oct. 19, the child may be eligible for a $500 investment in a mutual fund, according to Money magazine. As part of its “Born to Save” initiative, Voya Financial is offering the gift to eligible babies born in the U.S. on that date, the first day of National Save for Retirement Week. Last year, Voya helped over 1,000 babies get a head start on their retirement through the same initiative.

Five Reasons to Give Thanks For Family Caregivers

Thank you.

The Pew Research Center recently published a list of “5 facts About Family Caregivers":

  1. In the US there are 40.4 million unpaid (read: family member) caregivers for those 65 and older.
  2. The caregivers are most likely between 45-64 years old.
  3. The most common tasks are running errands and fixing things around the house.
  4. A major part of the job is providing emotional support.
  5. Most kids find helping their parents rewarding, although a few find it stressful.

Though many take on the burden of caring for aging relatives in order to lower the cost of care, the caregiver still pays in many ways. The article breaks down the numbers to reveal just how much.

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