Portfolio managers have poured money into the active sector for 50 consecutive months after a $22 billion allocation in May, data compiled by Bloomberg Intelligence show.

REITs posted total returns north of 5% for the month, although they remain in negative territory year-to-date.

Daniel Noonan joins the firm from Nuveen, filling a void created by Kimberly LaPointe’s departure in February.

With licenses from FINRA and the SEC, Prometheum hopes to remove barriers preventing RIAs from recommending digital assets. It’s hired Marc Nichols to lead the effort.

The arrangements being negotiated generally involve Fidelity taking 15% of total fund revenue for listing and maintaining ETFs on its platform.

What if your client’s annuity wasn’t an annuity?

Wirehouses advisors are urging defensive equities strategies in the runup to the 2024 election, reports FundFire. Morningstar explored how investors should consider allocating to private equity. These are among the investment must reads we found...