Coronavirus

Do-it-yourself-minded investors have never had more places to put their savings, writes Bloomberg’s Nir Kaissar.

The industry has long talked about embracing digital technology — but the time for talk may be over.

This year’s list of the 150 largest firms represents an industry that will emerge from a post-COVID world deeply altered.

More than 40% of Black and Hispanic adults say they have used money from a savings or retirement account to pay their bills since the outbreak began, a survey finds.

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.

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.

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.

While some industry employees are eager for the normalcy of their offices, others are more reluctant as experts predict another rise in virus cases.

That decision was “heavily debated” and so far the company has found that its operations have fared well with remote work, Jose Minaya said at a conference.

The “one day at a time” mantra was particularly helpful in leading my team and clients through the COVID-19 pandemic.

BlackRock’s CEO said he fears big ideas and impromptu “water-cooler moments” will be lost as businesses operate remotely via video conference calls.

“A typical Gen Z-er may not be as interested in owning a mutual fund," says Contrafund's Will Danoff.

No vaccine will return advisors and clients to pre-COVID-19 times— it’s time to let go and keep building.

Chairman Jerome Powell and other officials have stressed that recovery is highly dependent on the nation’s ability to better control the coronavirus.

Ameriprise, for example, has hosted more six times as many advisors virtually than it did in person last year.

Several companies said this week they’re slashing expenses as the economy limps along. Others would prefer to keep investing in new technologies to better gauge which changes in consumer behavior will stick.

The bullion rally has shown signs of losing momentum as economies reopen.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.