Fidelity

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

Despite some impressive short-term gains, more than half underperformed their peers over the decade.

Clients opened almost 1.2 million retail accounts, boosting flows to mutual funds and ETFs, the firm reports.

The regulator charged a $1.4 billion hybrid firm over disclosure of its cash sweep arrangements with its clearing firm.

We need to let go of the idea that everyone should own and trade stocks. Some people are emotionally unfit to do so.

Independent advisors may enjoy freedom of choice when it comes to all things digital, but giant institutions have a leg up with integration.

The average employer match was 4.3% of pay, according to a 2019 Vanguard report.

More than a quarter of the respondents hold Bitcoin, while 11% hold Ether, according to the asset manager.

The firm experienced record call volumes earlier this year.

“Just because someone’s charging 1% doesn’t mean you should take them off your list,” an expert says.

“This is all about having the flexibility and having multiple options for our investors,” says GSAM’s head of ETF strategy.

Crush of inflows to money-market funds has come even as the funds’ own yields approach zero.

The demand is there but it isn’t easy to pull off, according to one custodian that’s already done it.

Clients blasted the company on social media for not being able to make trades.

The industry’s biggest firms have grown bigger and the smaller firms have found it harder to compete on their own, the regulator found.

The move is part of a larger strategy to bring account minimums down for clients who either can't or don't want to buy entire shares of high-priced stocks.

“Investment allocations can differ from one fund to another, and so do the expense ratios,” an expert cautions.

Assets under management at Nancy Prior’s group, which includes bond and money market funds, have grown from $714 billion under her leadership.

The four new types of funds use a so-called proxy basket and will publish some information about their portfolios every day.

After acquiring TD Ameritrade, Schwab’s custodial division would grow to about twice the size of its closest competitor.