BlackRock

As wealth managers collect more client information, it is up to advisors to understand the value of data to the business and how it needs to be handled.

The appointment comes after an earlier announcement of broad leadership changes at the firm.

The leak included information on about 12,000 advisors who are clients at LPL Financial.

In the U.S., investors pulled $174 billion out of active equity funds last year as stock pickers struggled to outperform their benchmarks.

The leak affected advisors who do business with the asset manager’s iShares ETF unit.

Institutional withdrawals amounted to nearly $35 billion in the fourth quarter.

Nearly all of the outflows came from mutual funds and ETFs that posted losses.

Mark Wiedman’s takeover as head of international and corporate strategy could be a sign of larger changes ahead, a memo suggests.

BlackRock will see the largest reduction to its workforce since 2016.

It's the firm's largest headcount reduction since 2016.

Beyond U.S. equities, the power balance tilted broadly to index funds in 2018.

A recent herding to the sector may be more of a gut reaction rather than a careful evaluation.

Even worse, those at the bottom of the pack averaged higher expense ratios.

The digital customer experience is getting better. Firms should take notice.

Executives are focused on fresh products, emerging technology and the increasing prominence of ESG.

Customer experience metrics at wealth management firms have remained flat for the third year in a row, researchers found.

Health category funds dominated the list, making up for well over half of the group’s assets.

Some worry that BlackRock products will crowd out competitors on the platform.

The $7.5 billion fund’s comeback comes as the spread between 3- and 5-year yields slid below zero for the first time since 2007.

Fed Chairman Jerome Powell's dovish comments revived global demand for riskier assets.