Vanguard announced plans to restructure the advisor responsible for managing its mutual funds and exchange-traded funds. It will form two new advisors, Vanguard Capital Management and Vanguard Portfolio Management, and split its funds across the two. Historically, all funds have been managed by a single advisor: The Vanguard Group. Vanguard Capital Management will manage all of Vanguard’s fixed-income and passive multi-asset funds, while Vanguard Portfolio Management will oversee its actively managed stock and multi-asset funds. Each advisor will take responsibility for a portion of Vanguard’s index-tracking stock funds. There are two big reasons Vanguard likely chose to do this. Its representatives cited the growth of its funds over the past several years. Their mammoth size now requires more focus than a single team could handle. That’s certainly true. Big funds, whether actively managed or index-tracking, often require more attention. Vanguard offers some of the largest, and it has grown its personnel alongside its funds. Vanguard Total Stock Market Index VTSAX and Vanguard 500 Index VFIAX both have more than $1 trillion invested in them, and it has many others with billions. The size of Vanguard’s funds points to another reason: The Vanguard Group owns a large chunk of all publicly traded stocks. In some instances, the ownership stakes are so large that they exceed the limits imposed by certain regulatory agencies. That means some of Vanguard’s index-tracking stock funds may have to cap their stakes in some stocks, and they may not track their target index as accurately as they had in the past. Likewise, it may restrict an active manager’s ability to express their best ideas. Vanguard acknowledged that risk in its funds’ prospectuses for the first time last year. So far, it has navigated those ownership limits by striking agreements with various regulators. Those agreements typically limit Vanguard’s engagement activities with the corresponding companies and allow its funds to maintain their large ownership stakes. The ownership stakes roll up to each advisor. So, splitting its funds across two advisors reduces each advisor’s ownership and further alleviates some of the related risks. Such measures aren’t unprecedented. Large asset managers like Capital Group and T. Rowe Price have already adopted similar multiadvisor structures for similar reasons. Vanguard splitting its funds across two advisors shouldn’t change the investment experience for its clients, and it doesn’t impact the investor-friendly mutual ownership structure that distinguishes Vanguard’s funds. The advisors will have their own managers and stewardship teams. In theory, that allows the advisors to take their own approaches to managing their index-tracking stock funds. In practice, the two advisors are still part of Vanguard, so the tools, processes, and culture should remain the same. Vanguard’s clients should continue to receive the same tight index-tracking that Vanguard has provided in the past.
RightCapital planning software enables advisors to seamlessly sync meeting insights from Jump AI platform and review and approve updates to household data after every client meeting with a single clic
Jump announced a new partnership with RightCapital, the fastest-growing financial planning software for financial advisors. This partnership enables advisors to seamlessly sync meeting insights from Jump into RightCapital’s platform—eliminating the need for manual data entry and helping to ensure financial plans remain accurate and up-to-date. With this integration, Jump proposes updates to key household data—including incomes, expenses, goals and family records—after every client meeting. Advisors can review and approve the suggestions, then push them to RightCapital with a single click. This saves time, reduces the risk of errors and helps to keep client plans accurate and actionable—allowing advisors to stay focused during meetings while scaling their planning process more efficiently. In addition to syncing meeting insights, the integration introduces several new capabilities including “Ask Anything” About a RightCapital Household; RightCapital Data in Pre-Meeting Prep; Automated RightCapital Data Collection Template Completion; AI-Suggested Fact Updates.
Quinn’s platform seamlessly embeds within financial platforms via API and enables advisors to deliver personalized, bespoke advice at scale in real-time by onboarding clients in under 12 minutes and generating financial plans in 30 seconds
Quinn has emerged from stealth and raised $11 million in Seed funding led by Viola Fintech with participation of existing investors, to transform how financial institutions deliver personalized wealth advice at scale. Traditional financial advisory models are constrained by a 1:100 advisor-to-client ratio, leaving millions underserved. Quinn breaks that barrier by leveraging advanced AI to substantially grow the market that has access to financial planning and advice. The platform seamlessly embeds within financial platforms, offering real-time and bespoke advice to every client, democratizing access to financial guidance. Quinn’s platform is available as an embedded, co-branded or fully white-labeled experience, allowing for seamless API integration with existing systems, enabling rapid deployment and immediate client impact. Key platform capabilities include: Advisor-Level Onboarding in Under 12 Minutes – Clients complete comprehensive financial assessments with unprecedented speed and ease. Instant Financial Plans in 30 Seconds – AI-generated financial plans empower users with actionable insights instantly. Boosted Upsell and Cross-sell Performance – Recommendations delivered in the context of a financial plan drive higher engagement with premium products and services. Scalable Advisor Productivity – By automating core advisory tasks, Quinn enables Certified Financial Planners® (CFP® Professionals) to serve significantly more clients without increasing headcount, freeing them to focus on high-value, human interactions.
Antier to enable real-time stablecoin remittances that bypass the conventional SWIFT system to reduce cross-border transaction costs by up to 80% and offer sub-60-second settlement within its neo-banking platform
Antier, a leading provider of Web3 financial infrastructure, has introduced the world’s first Stablecoin Remittance-as-a-Service (RaaS) embedded within its crypto neo-banking platform. This innovative solution aims to revolutionize traditional remittance by enabling real-time, blockchain-based settlements that bypass the conventional SWIFT system. The system is expected to reduce cross-border transaction costs by up to 80% and achieve settlement finality in less than a minute. The RaaS solution is deeply embedded within Antier’s Blockchain Neo-Banking suite, bridging blockchain speed and efficiency with regulatory rigor and trust. The platform is designed to ensure predictability, speed, and regulatory compliance in a globalized financial environment. Antier’s integrated stablecoin remittance stack includes features like fiat-to-stablecoin on-ramp compatibility, sub-60-second global stablecoin settlements, smart contract-based payout orchestration, and a stablecoin-agnostic architecture. The company is also working on a next-gen Web3 Super-App to unify digital finance, aiming to simplify blockchain protocols and support real-time treasury operations and cross-border financial innovation.
J.P. Morgan’s new Active High Yield ETF will devote at least 80% of its portfolio to junk-rated bonds
Finite opportunities in private credit are creating public, high-yield debt opportunities, J.P. Morgan Asset Management CEO George Gatch said. Gatch made the comment as J.P. Morgan unveiled its J.P. Morgan Active High Yield ETF. The fund will devote at least 80% of its portfolio to junk-rated bonds and opened with a $2 billion anchor investment. While junk bond spreads to Treasuries are “tight,” yields are attractive compared to equities, and default rates in this space are low, the report said. Beyond that, alternatives to high-yield debt like private credit are being overrun with investors. With that in mind, the liquidity advantages and high yields of publicly traded bonds provide a good entry point. “There’s a lot of money and investors chasing finite opportunities in the private credit market,” Gatch said, per the report. “You also have liquidity tradeoffs. You take those two things in combination and on a marginal basis, I would put my marginal dollar in public high-yield rather than private credit.” The private credit space is a key part of the capital spectrum for firms that cannot access, or choose not to get, normal bank channels.
Raymond James to leverage FNZ’s end-to-end wealth management platform to deliver AI-powered capabilities, straight-through processing, and real-time capabilities with digital-first design to elevate advisor experience
Raymond James announced a strategic partnership with FNZ, a global wealth management platform provider, to deliver its next-generation wealth management platform. Under the agreement, Raymond James Ltd. will make a significant investment to accelerate the digital transformation of its wealth management infrastructure and elevate the advisor and client experience nationwide. The partnership will see Raymond James Ltd. leverage FNZ’s integrated, end-to-end wealth management platform—a deliberate and future-focused investment in modern infrastructure. Designed to deliver AI-powered capabilities, straight-through processing, and advanced digital capabilities, the FNZ platform will strengthen the Raymond James Ltd. unique value proposition. The new platform is built with a client-centric, digital-first design that improves efficiency, speed and personalization across the full wealth lifecycle. Advisors will gain a modern, intuitive operating environment, enabling more meaningful client engagements. Investors will benefit from improved digital experiences and real-time capabilities, all backed by the highest level of security and performance provided by the FNZ platform. FNZ’s market-leading technology and infrastructure will significantly enhance Raymond James Ltd.’s offering to advisors with greater flexibility to adapt quickly to changing markets, regulatory requirements, and investor expectations.
Investment platform Republic to offer retailer investors access to blockchain-based fractional shares of SpaceX, delivering more transparency, portability, and lower friction than traditional private equity deals
Investment platform Republic unveiled an industry first: blockchain-based fractional shares of Elon Musk’s private space company SpaceX. For the first time, retail investors—those without institutional backing or venture capital credentials—can gain exposure to one of the most sought-after private companies in the world. Investors won’t have a say in SpaceX’s strategic direction or Musk’s next launchpad move. What they do get is exposure to the company’s valuation growth—a potentially lucrative proposition, especially for those priced out of private equity until now. By putting these fractional shares on-chain, the platform delivers transparency, portability, and lower friction than traditional private equity deals. The move also bypasses many of the compliance headaches associated with traditional investment vehicles. It’s not equity in the classic sense—there are no shareholder meetings or board seats—but it’s a financial stake in the company’s future. That alone marks a major psychological and structural shift in how we define ownership in the digital age. It’s not a free-for-all—there are still guardrails and eligibility filters—but the aperture has widened significantly. More broadly, Republic’s move could set a precedent.
Volatility breeds interest in fixed-income investments for the ability to gain earnings even when the market is flat or choppy
Curiosity in fixed income sparked after interest rates started to move higher three years ago, said Erin Lyons, co-head of credit research firm CreditSights. “It didn’t make sense for you to put your cash there. So we saw a lot of investors focusing on equity markets and then moving into alternatives,” she said. “Now that rates are back up … it’s a viable asset class.” Income and yield-focused portfolios are gaining popularity with clients for several reasons, said Mike Casey, president of American Executive Advisors in Washington, D.C. One of the main factors is the ability to gain earnings even when the market is flat or choppy, he said. “A portfolio with strong yield and income can help offset some downside volatility and preserve overall portfolio value,” he said. “There are more income and yield generating options now than ever before including traditional bonds, structured products, private credit funds, equity income ETFs and more.” Dane May, co-founder and principal of DePaolo & May Strategic Wealth has also seen a strong resurgence in interest in fixed income, particularly in shorter-duration instruments. Even more notably, he said, is rising interest in ETFs that stack Treasury bill yields with additional income from risk premiums. These are similar in spirit to structured notes but delivered in ETF form, such as Simplify Enhanced Income ETF (HIGH) and Simplify Treasury Option Income ETF (BUCK). “After back-to-back years of strong equity performance, combined with a new administration pushing meaningful policy shifts, many investors are turning to fixed income. Add in attractive T-bill rates and greater access to ETF-based strategies that reduce correlation without relying on traditional credit or duration, and it’s easy to see why this space is gaining traction.” Henry Yoshida, CEO and founder of Rocket Dollar said “If fixed income serves as a tool in your portfolio to generate an income stream, then it’s fulfilling a specific purpose regardless of the immediate interest rate environment. However, if you are holding fixed income in your portfolio solely for diversification, investors may benefit from other assets that are noncorrelated to equities, such as private credit, real estate and other alternative investments.” When it comes to investing, it is important to have a carefully planned mix of bonds as well as stocks, and to diversify the portfolio within those different types of investments, said David B. Rosenstrock, director of financial planning and investments at Wharton Wealth Planning. This can help investors ride out periods of uncertainty, such as the one we are currently experiencing with tariffs, he said. One role of bonds in a portfolio in addition to providing income is to smooth out and reduce the volatility, said Rosenstrock. Bonds can provide an additional stream of income in a portfolio, with less risk than stocks, he said.
Robinhood launches micro crypto futures for Bitcoin, Solana and XRP to enable retail investors and casual traders to speculate on price movements or hedge positions with reduced risk exposure and significantly less capital
Robinhood (NASDAQ: HOOD) has launched micro crypto futures for Bitcoin (BTC), Solana (SOL), and XRP in the U.S., expanding its futures trading suite for over 26 million funded users. This move adds to its January rollout of full-sized BTC and ETH futures, providing retail investors with lower-barrier access to crypto derivatives. Micro futures contracts require significantly less capital than traditional futures, allowing traders to speculate on price movements or hedge positions with reduced risk exposure. These smaller contracts offer greater flexibility and are aimed at making futures trading more accessible to a broader user base. Robinhood’s internal data highlights growing crypto activity on the platform, with notional trading volumes reaching $11.7 billion in May 2025. That figure represents a 36% increase from April and a 65% year-over-year surge, indicating strong retail interest in cryptocurrency markets. As crypto adoption continues to grow, Robinhood’s introduction of micro futures positions the firm to better serve both casual traders and more experienced investors seeking diversified trading tools. By lowering the entry threshold, Robinhood aims to capture more trading activity while promoting responsible participation in the volatile digital asset market. With these micro futures, Robinhood is solidifying its role as a major player in crypto derivatives trading, enhancing its competitive edge and expanding access to key digital assets like Bitcoin, Solana, and XRP.
Investing.com’s AI researcher can condense months of detailed financial news into summaries, deliver SWOT analysis and run advanced stock screeners, all within seconds using exclusive access to vetted, real-time, data on global markets
Investing.co, a provider of financial news, tools and data to retail investors, has launched an AI-driven researcher called WarrenAI. WarrenAI promises to bridge the gap between Wall Street traders and retail player by combining the ease of ChatGPT with trusted premium market data and raw analytical power. The tool, claims Investing.com, is a personal, devoted financial researcher, with superhuman capacity and expertise, and which can answer just about any question with faster market reactions than a fleet of Wall Street analysts. The technology will launch in over 30 languages. While existing AI software such as ChatGPT source data from the entire web, WarrenAI has exclusive access to vetted, real-time, data on global markets. Investors get access to an array of over 1200 fundamental metrics spanning more than 72,000 companies, ETFs, mutual funds, closed-end funds and REITs, complete with a decade’s worth of historical data. In addition to condensing months of detailed financial news into summaries, WarrenAI can deliver SWOT analysis, provide the bearish and bullish cases for thousands of stocks, gather breaking Wall Street analyst outlooks, and run advanced stock screeners within seconds.