WealthManagment.com Daily Memo
Wealth Management Daily Memo

JUNE 5, 2019

REGULATION AND COMPLIANCE

SEC Approves Regulation Best Interest

In a 3-to-1 vote, the Securities and Exchange Commission passed its rule package that would establish a standard of conduct for broker/dealers. Firms will have about a year to comply with Reg BI and Form CRS.

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ETFS

Doing Good Using ESG ETFs Is Gaining Ground

Assets in ESG ETFs climbed 63 percent since the end of 2017, stronger than the 17% growth for broader smart beta strategies.

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BMO Large Cap Growth Fund - David Corris, Portfolio Manager

The fund differentiates itself through a thoughtful combination of a fundamental and quantitative investing.

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MUTUAL FUNDS

Fidelity Cuts Target-Date Mutual Fund Fees as Price War Spreads

Fidelity announced a 14% price reduction on entry-level share classes of the Fidelity Freedom Index Funds and its institutional Index Target Date Commingled Pools.

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Advisor Authority Infographic: RIA Industry M&A

RIAs Less Bullish About M&A Activity Compared to Prior Years

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