Fee disclosures

The commission's new risk alert focuses on fees and expenses and amplifies its focus on disclosures and compensation structures.

The new fee system will impact more than 800,000 customers.

The continued ascendancy of low-cost passive funds puts pressure on compensation overall, particularly in active management.

The technology is there, efficiencies are multiplying and the incentives are huge. So, why is the general mood so grim?

Commission officials put the industry on notice about self-reporting: financial advisors must comply or face harsh punishments.

The firm reported $33.9 billion in redemptions from active funds over the last year.

Investors are increasingly focused on fees, and the problem for Wall Street is that there’s nothing it can do that Vanguard can’t do more cheaply.

The bank’s asset management business merged teams overseeing fundamental U.S. equity value and growth strategies.

Advisors at Fidelity, Schwab and other large discount brokerage firms make more money if they steer clients toward more expensive products.

The challenge for Tim Buckley isn’t just managing growth. It’s ensuring they can keep investors’ feet on the ground.