Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Schwab Charged for Failure to Stop Lapsed Advisor From Collecting Fees
By Melanie WaddellA third-party advisor continued to collect fees from Schwab clients for years after his registration lapsed, Massachusetts regulators said.
July 15, 2021
Strategist Warns of Dot-Com Era 'Bull Trap' in Ark FundCathie Wood's flagship Ark Innovation ETF is up about 19% since mid-May.
July 14, 2021
Fidelity Adds More Target Allocation Mixes to Model Portfolio LineupThe new model portfolio stock allocations range from 10% to 100% with the remainder, if any, in fixed income.
July 13, 2021
BlackRock Boosts SMA Capabilities With Stake in SpiderRock AdvisorsSpiderRock's strategies, available through RIA custodians, are focused on risk management and yield enhancement.
July 13, 2021
Vanguard Buying Direct Indexing Firm Just InvestTerms of the deal were not disclosed, and it is expected to close in the fourth quarter.
July 09, 2021
Fidelity Files for 4 New Thematic ETFsThe ETFs will invest in clean energy, cloud computing, digital health, and electric vehicles and future transportation.
July 08, 2021
SEC Mulls More Disclosure for ESG FundsThere's "a huge range of what asset managers might mean by certain terms or what criteria they use," Chairman Gensler says.
July 08, 2021
DFA Plans Its First Bond ETFsThe firm is planning four bond ETFs — two investment grade, one TIPS ETF and one municipal fund.