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Stocks can’t continue to ignore recession risk
Despite the recent surge in equities, most market watchers expect stocks to finish the year flat or down from current levels.
American Funds gets the trophy at Lipper Awards
In the economic aftermath of the pandemic, some strategies performed better than others.
Parents getting schooled on 529 plans as kids return to campus
This year's slide in stocks and bonds hasn't been pleasant for anyone, but it's been most disheartening for those with kids heading off to college this fall.
InvestmentNews hosts fifth annual Diversity, Equity & Inclusion Awards
Lifetime Achievement Award winner Eddie Brown recalled starting at T. Rowe Price in 1973 as the stock market went 'straight downhill.' Compared to that, the current market is 'a piece of cake,' he said.
Most of the largest 401(k) funds are in the red this year on tech slump
Of the 15 largest funds held in 401(k) plans, just one has a positive return for the year as of Thursday, according to data from Brightscope.
CITs claim larger share of target-date market
The growth in the use of collective investment trusts, which trend to charge lower fees, reflects the pressure to cut costs.
AllianceBernstein makes late push into ETFs
AB plans to launch active ETFs in the U.S. later this year, and it has recruited Noel Archard from State Street to head the effort.
Galvin examining ‘surprise’ taxes on target-date funds
The Massachusetts securities regulator's latest sweep targets the broker-dealers of the largest fund companies in the industry: Vanguard, Fidelity, T. Rowe Price, BlackRock and American Funds.
T. Rowe Price settles 401(k) suit for $7 million
The agreement is separate from a $6.6 million payment the company previously made and requires it to add a brokerage window to its plan.
Schwab to offer T. Rowe institutional shares commission-free
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.
Mutual fund investors brace for hefty capital gains taxes
As fund companies start to post annual tax distributions, more than 110 funds are already showing capital gains distributions of more than 20%.
T. Rowe Price to buy Oak Hill for about $4.2 billion
The acquisition of Oak Hill, one of the biggest players in alternative credit, will allow T. Rowe to expand into private debt investing.
Captrust leads group launching small-plan service
T. Rowe Price and National Benefit Services join Captrust in providing the program, which offers an alternative to multiple employer plans and pooled employer plans.
Vaccines encouraged at most advisory firms — but not required
The industry has differing views on vaccine requirements. BNY Mellon Pershing will start requiring them next month, while Vanguard Group Inc. is offering cash rewards.
T. Rowe President Sharps to succeed Stromberg as CEO
Chief Executive Bill Stromberg is retiring after 35 years at the Baltimore-based asset management company.
T. Rowe Price introduces plan tool for retirement income
The goal is to help plan sponsors assess the possibilities more strategically
T. Rowe to cut target-date fees, add fund line
The firm is reducing fees and is adding a mutual fund version of its Retirement Blend series, which has existed since 2018 in CIT form.
FIS to take over record-keeping tech, operations for T. Rowe Price
About 800 T. Rowe employees will be offered jobs with FIS; the transition is effective Aug. 1.
Morningstar expands analysis of ESG commitments by asset managers
In the fund tracker's second round of measuring the ESG commitment of asset managers, it found that most fund companies rank near the bottom.
Clients most satisfied at Ameriprise, Ed Jones, Merrill: Report
Consumer research firm Hearts & Wallets surveyed 5,900 people and found that most have no idea how they pay for financial services.
