Morgan Stanley to Cut Fees, Keep Commissions Despite DOL Doubts
While speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest and redundant offerings.
Citi Agrees to Pay $18.M to SEC Over Excess Fees on Managed Accounts
This repayment and fine come two weeks after a similar settlement with New York officials.
DOL Rule Headache Solved? Dalbar Rolling Out Fee Calculator for Advisors
The tool aims to help advisors determine "reasonable" fees based on the level of skill, time and other costs involved in providing their services.
Vanguard Lowers Fees on 42 Funds
The latest round of reduced expense ratios saved investors $55 million, according to the fund giant.
Lockheed to Pay $62 Million to End Worker Pension Lawsuit
Employees and retirees say the defense firm charged them “unreasonable and excessive” fees on retirement plans.
Schwab Adds 65 ETFs to Fee-Free Platform
Investors can now trade more than 180 ETFs online through Schwab with no charge.
TD Ameritrade Fee Rebates: A Win or a Loss for Investors, Advisors?
Industry experts Lou Harvey and Michael Kitces weigh in on TD and Schwab's moves to support model portfolios.
Most Advisors Don’t Know Their Own Fees
Nearly two-thirds of advisors underestimate their fees by more than 30 basis points, a survey by Peak Advisor Alliance and Cerulli found.
Private Fund Advisors Often Cited for Violations Over Fees, Expenses: SEC
Private equity firms are cited for deficiencies involving fees and expenses more than half the time the SEC looks at that area, OCIE’s Bowden says.
Fidelity Drops Fees, Minimums on Spartan Index Mutual Funds
The move aims to help the firm compete more with ETFs, other index products, Morningstar expert says