"There is nothing those people were doing that anybody could characterize as good faith compliance with the parts of the rule that went into effect in June," said Phyllis Borzi, former assistant secretary of labor.
Wealthfront is attempting to replicate hedge fund Bridgewater’s risk parity strategy using the robo advisor’s software-based approach. The new offering, Risk Parity, has been added to its PassivePlus suite of investment features, which include tax loss harvesting, direct indexing, and advanced indexing. ...
Millennials Put Low Priority on Learning About Investing The majority of millennials (80 percent) agree the more educated they are about investing, the better they will manage their money, according to a recent survey by TD Ameritrade. Participants also said the believe if personal finance was taught in school, more Americans would be better about saving and investing. But despite the sentiments, the survey found it was not a priority. ... Riskalyze Adds Lori Hardwick to its Board of Directors Lori Hardwick, the founder and president of Innovation Labs and former COO of Pershing and Group President at Envestnet, has been appointed to serve on the board of directors at Riskalyze. Hardwick is Riskalyze's sixth board member, joining CEO Aaron Klein, Co-Founder and Chief Investment Officer Mike McDaniel, Board Chairman Andy Swan, and Board Directors Ryan Shanks and Brad Bernstein. ...
