The trading volume of some small-cap exchange-traded funds is so large that it is having an outsize effect on the value of some small company shares, The Wall Street Journal reports. In fact, three ETFs are having a tremendous impact on some of the stocks in the Russell 2000. “To the extend that the ETF is a larger presence in small-cap stocks, there’s at least a chance that they’re going to be able to move stock prices one way or the other,” explains Curtis Jenson, manager of the Third Avenue Small-Cap Value Fund.The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.
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Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
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The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
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The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
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But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
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The accusations led to the end of 16 years at the firm.
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In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
July 15