Dimensional Fund Advisors plans to reduce fees on 77 mutual funds, joining an industrywide push to lure customers with lower-cost investments.
Average management fees will be lowered 8% on an asset-weighted basis, the company said in a statement Monday. The changes go into effect Feb. 28.
Asset management companies have slashed what they charge clients in an effort to compete with inexpensive index funds. Fidelity Investments has introduced several zero-cost funds and Charles Schwab Corp. set off a shakeout in the sector this year by offering free stock trading.
“We expect to do better than benchmarks and peers, after fees, so we fight for every basis point,” Gerard O’Reilly, Dimension’s co-CEO and chief investment officer, said in the statement.
Dimensional, which manages $579 billion in assets, said the new charges would apply to several of its most widely held funds, including those in the flagship core, value and fixed-income portfolios.
The company said it trimmed management fees or expense caps in 2015, 2017 and earlier this year.
A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.
Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.
After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.
The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.
An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
