Finance

Strategic buyers have less cash but more flexibility, experts say.

The hit to wealth management from a difficult trading environment was already visible in the fourth quarter.

Despite the weakest one-year performance, these funds had double-digit annualized returns the past three years.

After expanding into a $7 trillion industry, index funds are facing slower asset growth and declining fee revenue.

The deal to add ready-made packages of funds to the firm’s asset management arm is expected to close in the first half of the year.

Outperformance has been driven in part by a push among investors to cut their tax bills after new limits were set on state and local deductions.

Commissions and cash-sweep revenue jumped by more than a combined $100 million in 2018 — even as the parent firm’s longtime chairman left the company.

The products have already attracted $1.3 billion in new assets this year, more than half what they took in during 2018.

The products invest in private equity, hedge funds and real estate for the bank’s wealth management arm.

The sector has seen an inflow surge in recent months as Treasury yields continue to fall.

It’s not just clients in high-tax states buying up muni bonds.

Alternative asset managers are under pressure to broaden their offerings as institutional investors seek to make big allocations to fewer firms.

Home to more than $249 billion, these funds have expense ratios more than 20 basis points higher than the industry average.

Salt Financial plans to spend as much as $50,000 to woo buyers into its new low-volatility stock fund.

Still, advisors thinking of selling are urged not to procrastinate.

Fourth-quarter equity losses stanched client assets at wirehouses, indies and other brokerages — but their stocks are regaining ground after reporting earnings.

With help from automated investing platform Motif, five new funds aimed at innovative fields have launched.

Although it undercuts 2,000 existing U.S. products, some analysts say the price still isn’t low enough.

The network’s parent disclosed the results of its first year under a new accounting standard affecting the top line at many large U.S. businesses.

The new product is expected to be the lowest-cost in the category.