Tubi’s been churning out more pipes during COVID-19, shares surge +300pc

Shares in industrial pipemaker Tubi (ASX:2BE) shot up 313 per cent this morning on news it had been producing more … Read More
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All-female team managing $500 million drops Morgan Stanley for Sanctuary Wealth

Bowersock Capital Partners, a six-woman adviser team managing $500 million in client assets, is leaving Morgan Stanley to join Sanctuary Wealth’s independent adviser platform.  The advisory firm is the first Morgan Stanley team Sanctuary has picked up this year and the third breakaway adviser to…

401(k) lawsuit costs Fidelity $28.5 million

Fidelity Investments is settling a lawsuit involving its own 401(k) plan for $28.5 million, according to court records filed Thursday. The settlement resolves a class-action case brought in 2018 that alleged the firm breached its fiduciary responsibility to plan participants by including its own products…

Long-term care a big question in pandemic

The COVID-19 crisis has focused national attention on long-term care, and many people who are starting to plan for their retirement are finding that insurance for that care is not what it used to be. Several years ago, the insurance industry dramatically changed its underwriting…

Perpetual closes acquisition of $3.3 billion ESG investor Trillium

Australian asset manager Perpetual Limited announced Wednesday it finalized its acquisition of Trillium Asset Management, a sustainable-investment firm that listed approximately $3.3 billion in managed assets on its most recent Form ADV. The completed acquisition will drive Trillium, an investment advisory firm exclusively focused on…