Fidelity Investments

Aug. 14: After following the industrywide digital-first movement in its acquisition of MyVest, TIAA is now examining how it serves its clients.

To add insult to injury, these losers charge high fees – 12 of the 20 have expense ratios over 1%.

Last year alone 226 Vanguard funds and ETFs reported expense ratio declines.

If clients tap their Roth accounts at the wrong time, even after retirement, they could lose out on some potential tax benefits.

The firm said they now have lower net expenses than comparable offerings at Vanguard.

There wasn’t a lot of diversification among the top funds as technology has dominated the market gains in recent years.

The firm has been building its passive business as investors dump active products.

"I don’t have one yet, but I want one," says Tom Halloran, president of Voya Financial Advisors.

Its local unit is the first qualified domestic limited partner to be granted a license from the Asset Management Association of China.

Investment head Tim Buckley will succeed Bill McNabb, who led efforts that more than tripled the firm’s assets since taking over as CEO in 2008.

Actively managed mutual funds and ETFs that own domestic stocks experienced $98.5 billion in net redemptions in the first six months of 2017, according to Morningstar.

Tim Buckley will become the money manager’s fourth CEO since it was founded in 1975.

If these ratios increase along with stock prices, how high is too high?

The firm is adjusting to more investors opting for low-cost funds over active management.

The new job will focus on middle-office services like hedge funds, software solutions and the firm’s message and connectivity engine.

Despite the trend away from actively managed mutual funds, the firm is bolstering advertising efforts and adding new products to lure clients.

Firms need to deliver value differently in a changing industry, a Fidelity study found.

You pick a fund for your client and it returns 20%. You're a genius – until you realize the benchmark returned 23%. Here are the top overachievers.

Planners using the latest digital tools report higher AUM than their colleagues, Fidelity says.

Volatility has opened the door to a deeper examination of the sector in some of the most widely held funds. Plus; other industry highlights.