Gov. Jay Inslee says legislators need time to refine the program, the Washington Cares Fund.
The fund giant estimates the cuts save investors $18.9 million, based on fiscal-year comparisons.
Traditional fund complexes are succumbing to the pressure to offer ETFs alongside more expensive mutual funds.
The asset manager is lowering fees on 47 mutual funds and three ETFs, which it says amounts to a 13% reduction on an asset-weighted basis.
Five years after competitor Fidelity launched its no-transaction-fee platform for institutional shares, Schwab is following suit in a similar deal with T. Rowe Price.
The asset manager plans to convert two mutual funds holding roughly $250 million in assets into exchange-traded funds by the third or fourth quarter of next year.
The Toronto aggregator announced a twofer that combines for $10 billion in assets under management. The deals push CI’s U.S. footprint to $115 billion in assets.
The firm, which counts some of the biggest Wall Street banks as its partners, was valued at more than $7 billion in the round.
Users will be able to send cryptocurrency via digital gift cards, according to code discovered in a beta version of the company's iPhone app.
Merchant Investment Management has purchased a stake in Brainvest Wealth Management for international exposure.
Up until recently, major global firms had happily ignored independent advisers for decades.
Partisan differences will hamstring legislation, as Democrats stress investor protection and Republicans focus on protecting innovation.
The new fund, the ARK Transparency ETF, arrives as Wood's favored tech stocks finally catch a break.
Except for a big investment in real estate, there wasn't that much divergence, a recent survey found.
In a move to reduce its reliance on State Street's custody services, BlackRock will shift 40% of the $2.2 trillion in assets to Citigroup, 30% to JPMorgan Chase and 15% to Bank of New York Mellon.
A subsidiary of Canada’s largest digital asset manager, 3iQ Digital Assets, has launched a new separately managed account and model portfolio for U.S. wealth managers. Fees range from 1% for single-token accounts to 2.5% for multi-token index strategies.
Record net inflows are just a part of the story. ETFs continue to take market share of mutual funds by doing more for less.
Riding the direct indexing wave, the WisdomTree Crypto Index is designed for advisers but could also offer direct access for retail investors.
The Massachusetts senator is asking Greenidge Generation how its Bitcoin mining operations will affect climate change and the local environment.
At a meeting of the SEC Investor Advisory Committee, SEC Chair Gensler says many digital tokens are securities and fall under its jurisdiction, while Commissioner Peirce says agency is applying 'strategic ambiguity' to pursue enforcement first.
