Nearly a dozen industry associations signed a letter of support for the Financial Exploitation Prevention Act, which would let mutual fund firms and transfer agents pause transactions if elder abuse is suspected.
The world's largest asset manager, which manages three of the city's pension funds, is on thin ice after allegedly falling short in its climate engagement efforts.
Industry group says policy switch to electronic delivery, overwhelming supported by Americans, could save funds and investors up to $4 billion.
Annual survey data show roughly 73 million households own mutual funds, with 86% of mutual fund-owning households citing retirement as a financial goal.
The multimillion-dollar settlement follows findings that First Trust exceeded industry limits on non-cash perks and misled client firms about the extent of its spending.
Providers target wirehouses and RIAs as active ETF assets top $1 trillion, but distribution and education concerns remain.
The six models, offered in partnership with Envestnet, are designed to help advisors manage affluent and institutional client relationships.
CEO Larry Fink highlights ETF and alternatives growth in quarterly results, with new acquisitions and digital asset offerings contributing to higher revenue and expenses.
More investors feel secure, set multiple goals, and see greater value in professional advice.
These new market participants are reshaping the investment landscape.
Alight data show 401(k) plan participants favored fixed income in September, while Schwab’s retail clients expanded their stock holdings.
While the SEC works through a bursting waitlist, technical challenges remain for mutual fund giants looking to seize competitive advantage.
The regulator's impending response to a 2023 application by Dimensional Fund Advisors could open the door to a broader boom of dual share-class mutual fund products.
Cerulli research shows a surge in demand, with RIAs and broker/dealers alike pursuing greater flexibility and tax efficiency.
ICI data show IRA assets hitting $18 trillion, while 401(k) plan assets increased to $9.3 trillion.
The strategic collaboration with General Atlantic, CIP, and DigitalBridge comes as CEO Jenny Johnson flags growing challenges in dealmaking for investment managers.
Where the federal regulator comes down on ETF share classes in mutual funds could have significant consequences for brokerage firms and RIAs.
While RIA uptake has been significant, a new Cerulli report asks whether the momentum in interval funds can continue as new entrants go up against ETFs and CITs.
The approved compensation would be on top of an even larger $133 million fair fund set up in a related SEC settlement, according to lawyers for the aggrieved investors.
The global asset manager's latest hire, most recently with Northern Trust, arrives as it looks to extend its reach into the private market space.
