Fidelity

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.

The firm has the edge in “unaided awareness”— a crucial metric in understanding a firm’s significance to the lives of potential clients.

“There’s less performance chasing than you saw in the past, and that’s a positive thing,” an expert says.

Double-digit gains produced by the mutual funds and ETFs with the most AUM were not enough to best the broader market.