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Vanguard said Monday that it cut the expense ratios on several of its bond mutual funds and ETFs in April. These include three of its popular bond ETFs: the Long-Term Bond Index Fund (BLV), the Intermediate-Term Bond Index Fund (BIV) and the Short Term Bond Index Fund (BSV). Each fund saw its price tag change from 11 bps to 10 bps.
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Fixed-income exchange-traded funds have made big strides in asset gathering over the past five years, rising from $53.7 billion in 2008 to $229.1 billion by March of 2013, according to Lipper.
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WisdomTree Investments, an ETF sponsor and asset manager, reported net income of $7.9 million for the first quarter of 2013, up seven times from the year ago quarter and 50% from the fourth quarter of 2012.
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The Consumer Financial Protection Bureau is recommending that policymakers implement a nationwide financial education program into grade school as well as standardized tests.
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Dynasty Financial Partners is crossing the border and headed north.
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Wealth managers need to upgrade their strategies for working with clients coping with grief or risk losing them to other advisors.
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As global growth slows, emerging markets economies are catching up. And the result is a global paradigm shift of historical proportions.
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What drives the success of a bank program? Advisors who view it as an opportunity to grow their own business, says Paul Restante, program manager of Community Bank in upstate N.Y.
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As a program manager at Citi Personal Wealth Management , Drue Anderson sees himself as an "advocate for greatness."
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The most remarkable change that Leo Iaocabelli, president of ESL Federal Credit Union's investment program, has witnessed over the years is the change in the expectation investors have of financial advisors.
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