With a global growth story losing some luster, investors poured $45 billion in money market funds the first week of June alone, a record not seen since 2013.
Lack of client demand remains the top reason advisors say they aren’t using socially responsible investing strategies. But some advisors see that slowly changing.
“We’ve got guys with bags of cash headed for the border” because of unregulated crypto offerings, says SEC Chairman Jay Clayton. “I’m protecting the integrity of the market.”
Orion provides support for breakaway advisors, Tom Burmeister named Advicent’s new director of planning, and the pros and cons of investing in fine wine.