If the move to passive investing continues at the same furious pace as in recent years, the total assets under management in U.S. equity passive index funds will outpace AUM in active funds by the end of 2019.
The independent broker/dealer is making it a lot easier—and less expensive—for advisors to run their own portfolios within its centrally managed account platform.
The wealth manager said its ratings will give advisors and clients better clarity into how portfolios are exposed to environmental, social and governance risks.