Asset management

Investors wary of an intensifying trade war have piled into the firm's bond products, boosting net flows to $151 billion, according to the company.

While some firms have been successful at leveraging technology to scale sales and marketing processes, others have failed.

A search for returns in less liquid assets may blur the transparency of real portfolio value.

The decision marks a shift for firm, which has largely ridden its equity-fund offerings.

The transition is expected to take place within the next 12 to 18 months, however the firm says it will still manage the products’ underlying investments.

The brokerage may pay about $2 billion for the additional advisory clients, according to reports.

The firm’s complicated relationship with these fees is indicative of the industry’s overall struggle to find a balance between appropriate compensation and transparency.

The firm is snapping up five- and 10-year notes as it predicts slowing inflation and trade tensions will push the Fed to lower its benchmark 75 basis points.

The custodial bank says it has reimbursed the affected clients with interest.

Many relatively straightforward products have boosted their holdings of lower-rated bonds and emerging markets to juice returns.