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House GOP members probe ESG policies at BlackRock, Vanguard
Republican lawmakers fired off letters to financial industry giants warning their efforts to combat climate change could violate antitrust law.
Retirement saving at new high thanks to automatic enrollment
Vanguard's annual retirement report showed auto enrollment removes a barrier to entry for employees saving for retirement.
Support for ESG votes from BlackRock, State Street moderate at best: Morningstar
Vanguard was half as likely to vote for shareholder resolutions as BlackRock and State Street, a new report finds.
Quakers divesting $17 million from Vanguard over climate change
Earth Quaker Action Team is planning to announce the withdrawals this week at Vanguard's headquarters.
Despite all the nay-saying, 60/40 is here to stay
Although it lost nearly 16% in 2022, the 60/40 balanced portfolio has managed to deliver normal returns on average over longer time periods.
State Street further extends proxy voting choice to ETFs
The new policy will apply to more than 80% of institutional equity fund assets and ETFs.
Asset managers hash out the future of the 60/40 portfolio
For a lot of investors, moving beyond the classic allocation of 60% stocks and 40% bonds will mean a bigger allocation to alternatives and other active strategies.
Protesters block Vanguard office over climate policy
A total of 16 people, many affiliated with a Quaker group, were arrested Wednesday outside the company's Malvern, Pennsylvania, headquarters.
Vanguard’s step back from climate issues sparks ire from some clients
More than 1,000 clients signed a letter accusing the fund company of violating its fiduciary duty.
Empower joins group providing portability of retirement savings
The Portability Services Network, a group that includes Alight, Fidelity and Vanguard, aims to automatically transfer retirement plan account balances when workers who've saved less than $5,000 change jobs.
Vanguard goes against the grain by shuttering alternatives fund
The mega fund complex known for passive strategies is removing two active mutual funds from its lineup.
Fund companies, in no-win situation, test shareholder proxy voting
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
Fintech Bytes: TD Ameritrade updates trading software, Vanguard enhances robo
Plus Pontera integrates with Envestnet, Tifin announces Morningstar collaboration, and Hearsay adds features to Sites.
Vanguard gives fund shareholders some proxy-voting power
Republicans have criticized the big asset managers over their proxy-voting practices.
Vanguard expert offers tips on hardship withdrawals
Spiking inflation coupled with a sinking stock market have forced more investors to tap their retirement savings for cash.
After rough ride in ’22, 60/40 portfolio looks poised for solid ’23
The same Fed policy that hurt fixed income last year is likely to make it the ballast for portfolios for the year ahead.
Can the 60/40 portfolio stage a comeback in 2023?
The allocation that's supposed to hedge against both assets dropping simultaneously didn't pan out in 2022, with an index tracking a 60/40 mix down about 17% for the year.
Advisers anticipate retirement-planning flexibility SECURE 2.0 offers
On first glance at the comprehensive legislation, increasing the RMD age and boosting catch-up contributions are popular.
Vanguard retirement head talks financial wellness and what it takes to get there
Investors may be at different places in their financial journeys, so the first step is to identify common, high-value opportunities to improve one’s personal financial situation.
Morningstar gives top grades to Michigan, Utah 529 plans
The annual analysis of state-sponsored college savings plans also shows a trend toward fee compression.
