Capital markets

The average expense ratio among the poorest performers was 11 basis points lower than the category’s leaders.

Industry veterans and newcomers offer their takes on key issues facing asset management companies.

Woodbury Financial Services has added 572 advisors with $22 billion in client assets since the fall of 2017, CEO Rick Fergesen says.

The development is part of an intensifying price war and focuses more attention on the specter of zero-fee funds.

Industry veterans and newcomers provide insight on the year’s leading challenges in regulations, technology and operations.

The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.

The move is a bid to gain more say over what advisors recommend to clients.

The onetime king of the bond market doesn’t blame his personal ordeals for poor investment decisions; in fact, he says, they probably made him better.

Portfolios constructed with companies betting on industrial and social transformations are besting rivals.

The transparency of a fee charged to other fund firms for use of the platform is allegedly questioned.

Asset managers are increasingly using the products for targeted adjustments and risk management, a survey finds.

Social Finance, the online services provider specializing in student loan refinancing, has taken the first step toward offering zero-fee ETFs.

Investors currently pay 30 cents for every $1,000 invested in the cheapest ETFs from BlackRock, State Street and Charles Schwab.

The manager is touting momentum stocks even as its own ETF tracking the style suffers its longest outflow streak ever.

The private equity giant with a track record of taking firms public would add the IBD to its list of more than 850 investments for $73 billion worldwide.

Beacon Capital is shifting to the manager’s sector products after volatility late last year prompted it to sell stock funds and hole-up in debt.

The company is considering buying bolt-on units to expand in private credit, real assets and non-U.S. businesses, said PGIM CEO David Hunt.

The firm’s acting head has cut jobs and merged teams to reign in withdrawals that began after manager Tim Haywood’s suspension, who was dismissed Thursday.

Outfits like Ken Griffin’s Citadel and Ray Dalio’s Bridgewater have grown so big that they’ve effectively become printing presses for their ultra-rich owners.

Productivity may not come back, but private equity may be the answer for some.