Vanguard Group is lagging BlackRock Inc. in ETF sales — but any sobbing you hear from the ETF industry probably isn't coming from the Malvern, Pa.-based behemoth. BlackRock's iShares welcomed $198.4 billion into its ETFs through November, according to Morningstar Inc. Vanguard is in second place, with $127.7 billion in net new assets. Top seller at iShares: The Core S&P 500 ETF, which saw an estimated net inflow of $30 billion, versus $13.2 billion for the Vanguard 500 Index ETF — a remarkable difference between two extremely similar products. Both funds track the Standard & Poor's 500 stock index and both charge 0.04% in expenses. "From an investor point of view, you can't slip a piece of paper between the two," said Dave Nadig, CEO of ETF.com. The sales difference could stem from the iShares marketing machine, Mr. Nadig said. "There's no question that BlackRock built a brand that resonates with the early adopter investor. iShares is probably the only real ETF brand." Vanguard, of course, has its legion of devoted fans, which have driven the company to $4.5 trillion in total assets, including traditional open-end funds. After iShares and Vanguard, however, is a considerable air pocket in sales: Charles Schwab & Co. weighs in at third with $24.3 billion in net new assets by Morningstar's estimate. But that's about a 30% improvement from last year for Schwab, Mr. Nadig notes. "That's really healthy growth," he said. Fourth-place State Street saw $15.5 billion in net new sales, according to Morningstar. "They have not had a good year," Mr. Nadig said. Large-cap foreign blend ETFs have been most popular with investors this year, with $65.4 billion in net new assets. Close behind: Large-cap U.S. ETFs, with $62.2 billion. Least popular: Commodity energy ETFs, with a $1 billion outflow.
Synthesis Wealth Planning brings a fivefold asset growth story and a recently merged practice to the Bluespring fold.
Janus Henderson Investors research reveals demand for transparency, but lack of awareness of AI’s prevalence in the corporate world.
New research reveals rising expenses, forced early exits, and a widening gap between how long people live and how long their money lasts.
Firms continue their quest to attract and retain the best advisor teams.
A survey from TacticalMind AI found 69% of advisors say a high-quality AI platform that makes investment recommendations and constructs portfolios is worth $500 monthly, while research-only tools are valued closer to $250.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline