Asset management

Envestnet sees asset management as poised for major changes as broker-dealers move to fee-based business.

The firm’s equity-trading business head Ted Pick, promoted to lead its division of investment bankers and traders, is one possible successor.

The firm plans to expand access to its line of low-cost funds to roughly 1,800, including those from BlackRock, Schwab and SSgA.

The funds, which account for roughly 1% of the $3.5 trillion of assets in ETPs, “pose real risks to American families.”

The firm plans to double in size in the next three years.

The framework targets so-called plain vanilla funds, yet leaves in place a more laborious path for firms wishing to list complex products.

An ETF expert suggests active management is the key to success in the current environment.

Scrutinizing recent performance isn’t a recipe for long-term investment success.

In light of recent losses, risk models will tell managers to cut their exposure to the factor, which could cause a systematic sell-off.

Technology advancements aside, navigating the new regulatory requirements still takes work.

The firm’s largest investors have already been in talks about strategic options, according to people familiar with the matter.

The No. 1 IBD launched an investment offering aimed at the distributed ledger technology its research unit says could disrupt nearly every industry.

Many U.S. expats don’t feel they should have to pay U.S. taxes while living abroad — but do they know where it’s not required?

The bank has replaced dozens of high-cost offerings with more passive and enhanced actively managed products.

Industry leaders weigh in on key issues, including technology advancements, the increasing focus on ESG and developments in ETFs.

Only 15% of bank customers at Bank of America use its online investment platform, but the company expects that figure to increase as it opens branches in nine major cities.

Almost all young investors polled by Schwab expect the funds to be their primary investment vehicle in the future.

Winning over brokers could give the firm a huge platform from which to sell mutual funds and ETFs and expand its vast influence in finance.

Industry leaders discuss advancements in technology, the increasing focus on ESG and developments in ETFs.

“It’s incredibly important to have diversity. Period,” says Kara Murphy.