WealthManagment.com Daily Memo
Wealth Management Daily Memo

MARCH 21, 2019

INDUSTRY

RIAs Charged For 'Gambling' With Client Money

The Massachusetts Securities Division accused two advisors of over-concentrating portfolios with risky oil and gas investments.

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TECHNOLOGY

HSBC Signs Deal to Use BlackRock's 'Aladdin' Software Worldwide

The partnership between Europe’s largest bank and the world’s biggest asset manager comes as both industries are battling to use technology to increase profits and improve service.

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ETFS

Cannabis Fund Innovator Is Planning ETF of U.S. Companies Only

Horizons ETFs Management Canada Inc., provider of the Horizons Marijuana Life Sciences Index ETF, is “actively pursuing” the creation of a fund that will contain only U.S. licensed producers.

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