Investments

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

The indexing giant’s pilot Digital Advisor will be priced at 15 basis points, but allocate client assets almost entirely in proprietary funds.

The mutual fund giant’s automated advice plan could price independents out of the market — and commoditize advice even further.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

The mutual fund giant is developing a new automated investment service priced to vastly undercut competitors.

At 84 basis points, the average expense ratio is over 40 basis points pricier than what investors paid on average last year.

Unexciting and less-filling, financial planning technology allows “craft” advisors to keep moving up the value chain.

To attract clients, digital-first advice firms are borrowing tactics from incumbents and putting a spin on traditional industry offerings.

Other custodians are skeptical that financial planners want the tool in the first place.

The employee and independent BD collected excess UIT commissions and failed to properly review inactive accounts, the regulator says.

The firms broke with Climate Action 100+, a group of money managers overseeing more than $33 trillion, during this proxy season.

The annual “evolution revolution” report and an analyst’s overview show how fiduciary advice is reshaping wealth management.

Some accuse index funds of promoting monopolies and distorting markets, among other horrors, but nothing has stemmed the wave of inflows to passive.

Cloning funds and shifting client cash may be Wall Street’s best hope for challenging the dominance of firms like State Street, BlackRock and Vanguard.

Alternative compensation structures may provide more consumer protection, and drive higher client satisfaction.

It’s official: inexpensive index funds and ETFs have finally eclipsed old-fashioned stock pickers.

If they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds.

There’s a misunderstanding at the heart of some of this year’s most popular and hated trades within the $4 trillion market for ETFs.

In addition to launching an automated investing app, the bank created a dedicated advisor unit to provide personal service to customers when they need it.