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Vanguard Plans First Junk ETF as JPMorgan Heats Up Active Race

Wealth Management

The Vanguard High-Yield Active ETF would trade under the ticker VGHY and invest at least 80% of its portfolio in high-yield debt, according to a Tuesday filing with the Securities and Exchange Commission. The fund’s proposed fee is 0.22% — cheaper than any existing actively managed high-yield ETFs, data compiled by Bloomberg showed.

Planning 252
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Pennsylvania Advisor Who Used Client Funds on Country Club Dues Gets 8 Years in Prison

Wealth Management

and Orchard Park Real Estate Holdings, was originally charged in January by the Securities and Exchange Commission and DOJ. Mason, who ran Rubicon Wealth Management, a registered investment advisor in Gladwyne, Pa., He pleaded guilty to all of the criminal charges.

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Why Gen 2 Advisors Are a Flight Risk

Wealth Management

According to a recent survey commissioned by Kestra Financial and Bluespring Wealth Partners, less than half (41%) of first-generation advisors have transferred equity to successors, and just 6% of those planning to retire within 10 years have a fully documented succession plan.

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Digital Currencies, Modern Trusteeship and Change

Wealth Management

The Internal Revenue Service provided clarity around reporting requirements, and the Securities and Exchange Commission had a predictable mandate on what was legally actionable. In late 2024, the U.S. House introduced the “CBDC Anti-Surveillance State Act” as an amendment to the Federal Reserve Act, but that failed to pass.

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SEC’s Atkins Says Changes to 401(k) Plans Must Be Reviewed Carefully

Wealth Management

White July 18, 2025 1 Min Read SEC Chair Paul Atkins (Bloomberg) -- US Securities and Exchange Commission Chairman Paul Atkins says the agency will work closely with its counterparts at the Labor Department when considering potential changes to rules for retirement plans. “We

Planning 177
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Making Informed Social Security Decisions in Today’s Economic Environment

Tobias Financial

Our Wealth Advisor Franklin Gay, CFP®, EA , recently shared his perspective in a Financial Advisor Magazine , where he addressed some of the concerns that individuals are navigating today. Rather than reacting to uncertainty, it can be helpful to view Social Security as one piece of a long-term retirement strategy.

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Top clicks this week on Abnormal Returns

Abnormal Returns

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