Both will now offer more than 500 exchange-traded funds on a commission-free basis.
ETF fees have fallen, but so far no providers have matched Fidelity's offer of free mutual funds
Investors need an active money manager for one simple reason: to protect them from themselves
Discussions ended in December because the parties couldn't agree on a price.
The firm is shutting three funds next month following a review of its product lineup.
Investors are moving out of ETFs to buy single stocks, with active bets seen as the key to outperformance.
When it comes to fixed income, active management helps investors avoid the inherent biases of bond indexes.
Convertible securities fund to be liquidated because it attracted the wrong kind of investors.
U.S. mutual funds and exchange-traded funds that passively track indexes now hold 48% assets and are likely to top 50% in 2019.
Mutual funds suffered redemptions of $56.2 billion in the week ended Dec. 19.
Firm awarded broker sales awards, despite mutual-fund churning flagged to home office, according to Finra.
The death of the DOL fiduciary rule condemned the mutual fund share class to extinction.
Amid the stock market sell-off, strategists have encouraged investors to pick value rather than growth
The $24 billion Financial Select Sector SPDR Fund saw $1.8 billion of outflows last week
Absence of Santa Claus rally triggers talk of bear markets and recession.
Giving advisers access to millions of retail investors expands the discount brokerage's move into the custodial space.
The combined Vanguard U.S. Growth Fund will create a $25 billion large-cap growth portfolio
A few are paying interest of more than 2% on savings accounts.
Small firms face headwinds ranging from higher rates to the trade war.
The Boston-based fund company has added more than $50 billion this year, mostly from inflows.
