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Finra elects Vanguard's John Brennan chairman to replace Richard Ketchum

July 15, 2016

He will begin Aug. 15, at about the same time Robert Cook, a former division director at the SEC, takes over as chief executive.

Vanguard changes management of three funds with combined assets of $24 billion

July 15, 2016

Vanguard is shuffling management of three funds with combined assets of $24 billion. The Valley Forge, Pa., mutual fund behemoth said it's...

Vanare's Lex Sokolin to join London-based research firm

July 15, 2016

Mr. Sokolin will remain a shareholder and member of Vanare's Board of Directors, while Ken Manning will succeed him.

RIAs boost profitability while gaining clients, Charles Schwab study shows

July 15, 2016

Profitability is up 27% since 2011 as firms become more efficient through technology

BlackRock's stock buyback plan at odds with CEO Larry Fink's statements

July 15, 2016

Breakfast with Benjamin Larry Fink has been critical of the buyback trend, but that hasn't stopped BlackRock from buying back $275 million worth of its own stock on a quarterly basis.

SEC fines advisory firm $300K for failing to disclose fees beyond 'wrap' charges

July 14, 2016

Case follows the SEC making wrap accounts an examination priority this year; agency is looking at whether advisers are acting in clients' best interests with these vehicles.

BlackRock starts off subdued earnings season for fund companies

July 14, 2016

For decades, you would have been better off buying the stocks of companies that manage mutual funds than buying the funds they manage. But even as the second-quarter earnings reports for fund companies start to trickle in, the long-term outlook grows dim. ...

Democrat's financial transactions tax splits adviser ranks

July 14, 2016

Some believe it's an attack on capitalism; others think it will reduce volatility in the market. Read our story and take our poll.

401(k) investors concentrated in low-cost mutual funds: Investment Company Institute

July 14, 2016

The larger trend toward passive investing, as well as cost-consciousness on the part of plan sponsors and general industry push to lower expense ratios, are at play.

Bill to create universal retirement accounts introduced

July 14, 2016

Legislation calls for employers with 10 or more employees that do not offer retirement plans to open IRAs for employees and contribute 50 cents per hour worked per employee.

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