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Weekly Digest: October 14th
Advisors’ Rising Use of Active ETFs:
The demand for actively managed exchange-traded funds (ETFs) is surging, with purchases doubling since 2022, according to a report by Fidelity Institutional. This trend is driven by advisors seeking more tailored portfolio solutions amid market volatility and the ongoing search for outperformance in uncertain markets(Wealth Management)(ThinkAdvisor).
Handling Clients’ Election Anxiety:
With the U.S. election season nearing, financial advisors are facing heightened client concerns. A recent article in Financial Advisor Magazine outlines five strategies to help calm client anxiety, from emphasizing long-term planning to maintaining regular communication during these unpredictable times(FA Mag).
Stifel Ordered to Pay $14 Million in Structured Notes Case:
Stifel Financial Corp. was recently mandated by a FINRA panel to pay over $14 million to clients following a dispute over the sale of structured notes. This case underscores the importance of clear communication regarding complex investment products and ensuring clients fully understand the associated risks(ThinkAdvisor).