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In the first half of the year, fewer than a third of U.S. domestic equity fund managers delivered annualized returns that outpaced the S&P Composite 1500.

Based on the “forced experiment” of its remote periodic examinations of broker-dealers, the onsite portion “may not be necessary,” Robert Cook said.

Expenses fell by 20 basis points and risk-adjusted returns climbed 92 bps, according to the study.

Investor advocates, religious groups and proponents of ESG investing argue the changes are a gift to business lobbyists that will muzzle corporate critics.

The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.

“It’s not just a shiny object, it’s really about content,” the firm’s head of ETFs and indexed strategies said.

The firm’s new technology will allow advisors to “get into the weeds” of underlying portfolios with clients.

A State Street fund avoiding crude holdings has beaten the S&P 500 by 3.6 percentage points since its inception, generating an annual return of 12.9%.

The majority of planners intend to work remotely at least one day per week through 2021.

The agency has 90 days to review files and reach decisions.

The fund giants voted for 99% of U.S. directors proposed by the energy, utility, banking and automotive companies reviewed by nonprofit research group Majority Action.

Charles Scharf has since apologized that his comments in a virtual meeting this summer were "misinterpreted."

“Investors are going into lower, more passive mutual funds because they don't want to pay the fees,” an expert says.

The senior executives, all from the company’s consumer banking unit, agreed to pay six-figure fines in connection with the 2016 unauthorized account scandal.

Bleakley Financial Group also picked up an ex-hedge fund portfolio manager while expanding its national footprint.

The seven advisors managed more than $450 million in combined client assets.

While some big Wall Street firms are seeking to get staff back to the office, there are already signs of how challenging that could be.

Relations between the world’s two largest economies are at the lowest point in many years.

The final regulation includes guidance on the requirements needed for properties to qualify for the deduction.

Funds from the biggest three issuers account for more than 80% of the industry's total assets.