Vanguard

Institutions with notable holdings in multiple firms across industries are less likely to panic sell, according to the researchers.

Firms automating a once little-known investment strategy have become one of the hottest areas for wealthtech acquisitions.

After buying JustInvest, the low-cost-investing giant has an opportunity to wring fees out of this new alternative to ETFs, writes Allan Roth.

The startup, Just Invest, uses direct indexing to manage $1 billion in assets.

Why does Vanguard expect so little from the market? The culprit, not surprisingly, is high valuations, Nir Kaissar writes.

The investment manager is part of a $50 million fundraising round in the wealthtech startup

Not only are the portfolios similar, but performance is nearly identical, writes Bloomberg’s Aaron Brown.

The move follows a mandate last week from JPMorgan Chase CEO Jamie Dimon, seeking to return his workforce in rotations from early July.

Moves and news at Macquarie, Rockefeller, Vanguard, Orion, and elsewhere in the financial-advice industry this week.

The firm has been locked in a contest with runner-up Vanguard for flows, with the latter winning last year for the first time since 2013.