The Daily Brief

The equity fund carries a management fee of 75 basis points, while the fixed income fund carries a 15 basis point fee.

In anticipation of its Insurance Exchange launch, Envestnet is piloting optimized proposal workflows for insurance products.

Fifty-five percent of millennials said they were open to working with their parents’ financial advisor.

The three advisors at Patton Wealth Management have more than 65 years of industry experience.

New features include dashboard alerts, flexible reporting views and a single sign-on to all Fiserv tools.

Investment management app Titan, with a product similar to hedge funds, is graduating from the Y Combinator this week.

Hector May is accused of stealing millions of dollars from a company’s pension plans.

The robo service analyzes which card to pay first and pays cards on time.

There are now 168,000 Fidelity 401(k) clients with $1 million or more in assets.

The Succession, Continuity and Acquisitions platform will assist advisors and brokers in planning for implementing their long-term strategies.