Alternatives

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Investment scams targeting the elderly surge, government agency reports
INVESTING ALTERNATIVES OCT 20, 2022
Investment scams targeting the elderly surge, government agency reports

The Federal Trade Commission says older Americans lost $147 million in 2021, up 213% from 2020, with crypto rip-offs being a leading culprit.

By Mark Schoeff Jr.
IRS gives more clarity on how to report digital assets
INVESTING ALTERNATIVES OCT 19, 2022
IRS gives more clarity on how to report digital assets

In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.

By Bloomberg
Swamped by legal costs, broker-dealer files for bankruptcy protection
INVESTING ALTERNATIVES OCT 19, 2022
Swamped by legal costs, broker-dealer files for bankruptcy protection

Atlanta-based Kalos Capital has been crushed by more than $9 million in legal fees and costs related to sales of GPB private placements.

By Bruce Kelly
Lead broker-dealer seller of GWG L bonds sues its insurers
INVESTING ALTERNATIVES OCT 18, 2022
Lead broker-dealer seller of GWG L bonds sues its insurers

'No one is going to want to settle with broker-dealers over GWG claims until the bankruptcy is resolved,' an attorney said about the lawsuit filed by Emerson Equity.

By Bruce Kelly
Amid 2022 slowdown, RIA and tech SPAC deals sputter
INVESTING RIAS OCT 14, 2022
Amid 2022 slowdown, RIA and tech SPAC deals sputter

The promise of cold, hard cash tends to speed up time but how does that work in a bear market?

By Bruce Kelly
Betterment's crypto portfolios include allocations to Dogecoin
INVESTING ALTERNATIVES OCT 12, 2022
Betterment's crypto portfolios include allocations to Dogecoin

The robo will now offer four managed portfolios of cryptocurrencies alongside its traditional investment portfolios.

By Ryan W. Neal
More millennials turning to alternative investments to fund their futures
INVESTING ALTERNATIVES OCT 11, 2022
More millennials turning to alternative investments to fund their futures

A BofA survey finds that wealthy young investors have lost confidence in the stock market as a primary vehicle for creating wealth and instead prefer assets like cryptocurrency, real estate and private equity.

By Bloomberg
Joe Biden lights up marijuana stocks
INVESTING ALTERNATIVES OCT 07, 2022
Joe Biden lights up marijuana stocks

The presidential pardon for those with marijuana convictions was interpreted as a step toward federal decriminalization and sparked a rally in funds offering exposure to cannabis companies.

By Jeff Benjamin
Fisher Investments adviser snags Judge's history-making homer
INVESTING RIAS OCT 05, 2022
Fisher Investments adviser snags Judge's history-making homer

Cory Youmans, a vice president and investment adviser at Fisher in Plano, Texas, caught Aaron Judge's historic 62nd home run of the season Tuesday night.

By Bruce Kelly
Market pain boosts case for adding alternatives to retirement accounts
INVESTING RETIREMENT PLANNING OCT 04, 2022
Market pain boosts case for adding alternatives to retirement accounts

An increasing number of wealth managers are diversifying their clients’ portfolios away from traditional asset classes into alternative, and often less liquid, assets.

By Gregg Greenberg
Latest cryptocurrency SMA platform shows bullishness about digital assets
INVESTING RIAS OCT 04, 2022
Latest cryptocurrency SMA platform shows bullishness about digital assets

Valkyrie Funds continues to diversify its product offering by providing yet another way to gain exposure to cryptocurrencies.

By Jeff Benjamin
Republicans advocate for retirement investments in private equity, crypto
INVESTING RETIREMENT PLANNING OCT 03, 2022
Republicans advocate for retirement investments in private equity, crypto

The lack of Democratic support likely would keep legislation on using alternatives in retirement plans out of the Secure 2.0 mix.

By Mark Schoeff Jr.
As Fed battles inflation, fixed-income investing regains popularity, purpose
INVESTING RIAS OCT 03, 2022
As Fed battles inflation, fixed-income investing regains popularity, purpose

Experts advise taking advantage of higher bond yields while bracing clients for the near certainty of a recession.

By Jeff Benjamin
Credit Suisse fears fail to rattle US wealth management market, for now
INVESTING ALTERNATIVES OCT 03, 2022
Credit Suisse fears fail to rattle US wealth management market, for now

The Swiss bank pulled out of the US financial advisory business in 2015 when it shuttered its private banking unit here.

By Bruce Kelly
ARK puts crypto strategies on Eaglebrook’s SMA platform
INVESTING ALTERNATIVES OCT 03, 2022
ARK puts crypto strategies on Eaglebrook’s SMA platform

The cryptocurrency and cryptoasset strategies will offer direct ownership, low minimums, and portfolio reporting integration.

By InvestmentNews
SEC fines Kim Kardashian $1.26 million for endorsing crypto token on Instagram
INVESTING ALTERNATIVES OCT 03, 2022
SEC fines Kim Kardashian $1.26 million for endorsing crypto token on Instagram

The securities watchdog said she broke US rules by not disclosing she was paid for the promotion.

By Bloomberg
Finra expels New York-based NYPPEX for securities fraud
INVESTING ALTERNATIVES SEP 30, 2022
Finra expels New York-based NYPPEX for securities fraud

The firm's former CEO, Laurence Allen, is barred and its current CEO, Michael Schunk, is suspended.

By InvestmentNews
BlackRock plans crypto ETF that tracks firms with exposure to metaverse
INVESTING ALTERNATIVES SEP 30, 2022
BlackRock plans crypto ETF that tracks firms with exposure to metaverse

The fund might include firms that have products or services tied to virtual platforms, social media, gaming, digital assets and augmented reality.

By Bloomberg
Retail investors grow weary of cryptocurrency as institutional interest grows
INVESTING ALTERNATIVES SEP 28, 2022
Retail investors grow weary of cryptocurrency as institutional interest grows

Only 21% of Americans feel comfortable investing in cryptocurrencies, down from 35% in 2021.

By Ryan W. Neal
Former Northern Trust exec Shundrawn Thomas launches private equity firm
INVESTING ALTERNATIVES SEP 28, 2022
Former Northern Trust exec Shundrawn Thomas launches private equity firm

Thomas is partnering with former Bank of America credit specialist Anthony Hoye to provide financing to minority and women-led businesses.

By Jeff Benjamin