Who Withdrew $7B From Vanguard Fund?
By Claire Ballentine and Katherine GreifeldThe outflow from the $172 billion Vanguard S&P 500 ETF (VOO) represents about 4% of the fund's assets, says Bloomberg.
December 02, 2020
Web Brokers Might Get to Run Some States' ACA Exchange EnrollmentThe proposal is in draft regulations that would apply to 2022 coverage.
November 30, 2020
Robos Slightly Outperformed Human Advisors in Client Satisfaction During Crisis: ReportClients of robo-advisors are less concerned with service, while clients of human advisors "are held to a higher standard," says Dalbar's Cory Clark.
November 30, 2020
Group Calls for Limiting Power of BlackRock, Vanguard & State Street"Outsized footprint" of Big Three "poses new issues" for U.S. economic competitiveness and financial market stability, says American Economic Liberties Project.
November 28, 2020
What's Firing Up Wall Street's $300B Custom-Index Boom?The real selling point for direct indexing could be the ability to remove companies from a portfolio's exposure rather than add them.
November 24, 2020
What BlackRock's Latest Deal Means for Rivals, Advisors"It's no surprise the biggest players are rushing in to buy these [direct indexing] capabilities to protect their turf," says consultant Tim Welsh.
November 23, 2020
The 60/40 Portfolio Is Muzzling Critics With Another Big YearThe strategy's resilience is a rebuttal to the many critics who have been calling for its demise for some time.
November 22, 2020
The Social Security Trust Funds, ExplainedHow is Social Security funded? Is the program in trouble? What should advisors do?