Bloomberg

Bloomberg
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Passive proliferation slows, with 770,000 indexes scrapped in 2019
RIA NEWS OCT 16, 2019
Passive proliferation slows, with 770,000 indexes scrapped in 2019

But the number of fixed-income indexes expanded, as did ESG indexes.

ESG hardliners blacklist $16 trillion US Treasuries market
FIXED INCOME OCT 16, 2019
ESG hardliners blacklist $16 trillion US Treasuries market

French state pension plan, ESG funds take stance based on US government's stance on capital punishment.

Michael Hasenstab fund loses $3 billion in a miserable quarter
RIA NEWS OCT 16, 2019
Michael Hasenstab fund loses $3 billion in a miserable quarter

Total net assets dropped from $33 billion to $30 billion in the three months through September.

Charles Schwab slams wealth tax as destroyer of U.S. creativity
RIA NEWS OCT 16, 2019
Charles Schwab slams wealth tax as destroyer of U.S. creativity

Eliminating commissions is fundamental in getting more people to engage in investing.

RIA NEWS OCT 16, 2019
Fisher client exodus nears $1 billion in backlash over remarks

The Boston Pension Board said Wednesday it is yanking $248 million that is managed by Fisher Investments.

Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down
RIA NEWS OCT 15, 2019
Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down

Expense for litigation tied to scandals in Well's retail bank, cuts earnings by 35 cents a share.

Fidelity is reviewing its ties with Ken Fisher after his comments at conference
RIA NEWS OCT 15, 2019
Fidelity is reviewing its ties with Ken Fisher after his comments at conference

Fisher Investments manages about $500 million for Fidelity's Strategic Advisers unit

Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud
REGULATION, LEGAL & COMPLIANCE OCT 15, 2019
Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud

The scheme caused more than 7,000 retirees and other investors to lose money

RIA NEWS OCT 15, 2019
Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down

Expense for litigation tied to scandals in Well's retail bank, cuts earnings by 35 cents a share.

RIA NEWS OCT 15, 2019
Fidelity is reviewing its ties with Ken Fisher after his comments at conference

Fisher Investments manages about $500 million for Fidelity's Strategic Advisers unit