Finance

A team that has grown through acquisitions dropped the No. 1 IBD after the institution purchased another one for more than $600 million.

The explosive growth in retail day-trading, powered by platforms like Robinhood and forums like wallstreetbets, has turned the old order on its head.

The firm said high volume may have curtailed access to its mobile app and urged clients to use its other platforms.

The quant manager has been warning for years that investor objectives are going to be increasingly hard to meet amid “soberingly low” gains.

The firm pivoted away from an aggressive hiring strategy in 2016 and has seen a substantial drop in costs associated with picking up experienced talent.

The results underscore the standout performance of the industry's largest firms in equities, a business where Europe’s banks have struggled to keep up in recent years.

BNY Mellon’s custodian is growing, even as it loses some major clients amid industry consolidation.

The top 20 carried an average expense ratio of more than three times the broader industry.

Eaton Vance and E-Trade deals expected to boost the firm’s performance.

Client acquisition was down compared to 2019, but still higher than in years past.

The pending nominations send a clear signal that the rule-cutting and lax enforcement the industry has grown accustomed to under President Trump are over.

For investors, Biden represents an attitude shift from the era of Trump, who famously made the Dow a barometer of his success.

CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.

Pressure is mounting for firms to respond to last week’s violence at the Capitol.

Founder Nancy Davis says her recently converted long-only product reflects the direction of travel for the broader asset management industry.

Probabilistic forecasts provide a durable framework for a sound financial future, the author says, and offers some for the new year.

The top 20 to debut last year by total assets include only three products from BlackRock and none from Vanguard or State Street.

The bank allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated funds without disclosing conflicts to clients.

Decisions we make during financial crises alter as retirement nears — and not always for the better.

Steady inflows showcase the buy-and-hold ethos of the typical Vanguard investor — financial advisors and wealth managers, an expert says.