Finance

Market volatility spurred clients into cash during the fourth quarter.

Brexit, worries about trade wars and rising interest rates have prompted a selloff in developed country stocks.

It's unclear how automated investment platforms will perform during a major market downturn and what that could mean for advisors' bottom lines.

“The thundering herd is on the move,” boasts Andy Sieg, head of Merrill Lynch.

Money managers would be better off selling holdings at random, a study suggests.

Institutional withdrawals amounted to nearly $35 billion in the fourth quarter.

Nearly all of the outflows came from mutual funds and ETFs that posted losses.

The firm has lost more than 1,100 advisors since a phony accounts scandal came to light in 2016.

For investors who were hoping for a turnaround quarter, better luck next time.

A growing body of research is looking into whether the expanding influence of passively managed funds is making companies less willing to compete.