State Street and DWS Group have also quietly cut fees on high-yield bond ETFs.
Transaction is part of Wells' effort to streamline its operations in the wake of scandals.
Precidian Funds has been waiting four years for the agency's approval
'Credit Exchange' will enable advisers to offer pre-qualified loans to clients.
The bank's biggest shareholder says hiring an executive from a financial institution would trigger criticism from Washington, Financial Times reports.
Employee for advertising agency Publicis claims the record keeper received undisclosed payments from other fund companies.
As Mom and Pop abandon the big tech companies, many are buying cannabis companies.
ETF providers are trying to woo investors with all-in-one funds that pull together several factors.
Unit has been hit particularly hard by investor flight to cheaper funds.
Their poor showing threatens to choke off the opportunity for active management to reassert itself after the market's meltdown late last year.
