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The cuts are among the first under new CEO Kentaro Okuda, who since taking the reins has said an existing $1.3 billion restructuring plan is no longer enough.
July 29
Despite growing to about $1.1 trillion in AUM, senior executives made a series of bets to keep pace in a changing industry that have yet to pay off.
July 29
ESG
Trading under the ticker EFIV, the fund will exclude companies involved with tobacco-related products and weapons.
July 29
The majority of advisors don’t understand how much of a positive difference they can make for their clients, says advisor Deborah Fox.
July 28
ESG
An iShares ETF investing in companies it says has “positive environmental, social and governance characteristics” has more than tripled gains of the S&P 500.
July 28