Fee disclosures

The custodial bank says it has reimbursed the affected clients with interest.

Expenses have outpaced or matched revenue growth during the past four to five years, while aggregate fees declined almost 20%, a study found.

Of the 468 hedge funds that used Goldman Sachs’ prime brokerage services in the past decade, half have shuttered.

Though the fees are controversial, there may not be an easy way for the industry to abandon them.

The firm says it will focus the new funds on tech, demographics, urbanization, climate change and emerging global wealth.

Under new leadership, the firm’s iShares unit intends to create funds that it says go beyond traditional sectors and geographic focuses.

Advisors will find the lowest, near-zero fund. Do they read the fine print?

Fee pressure and improvements in data and analytics are among the leading issues the industry faces today, executives say.

The firm expects shareholders will save an estimated $3.2 million, annually.

Executives say the race to zero in fund fees and improvements in data and analytics are among the top issues impacting asset management.