BlackRock

The continued ascendancy of low-cost passive funds puts pressure on compensation overall, particularly in active management.

Compensation levels rose approximately 7% last year despite mounting industry challenges.

The new data will allow retail investors to better compare active and passive funds.

The money manager is also offering pension and 401(k) plans that exclude firearms from employee retirement programs.

The offering will either directly lend to businesses or invest in the credit of companies facing distress.

Issuers and investors stand to benefit from the provision, which makes it easier for managers to select securities for their funds, but not without risk.

Portfolios will be selected based on machine learning and natural-language processing.

Some investors are demanding action on gun manufacturer and retailer stocks. Can financial advisors deliver?

The asset manager says its free tool for target date fund clients will "supplement the advisor conversation."

The new location will initially have 200 employees, most of which will be in areas like technology and wealth management.