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$25B institutional money manager takes a leap into retail
Pzena Investment Management, a relatively obscure $25 billion institutional money manager, is hoping to tap into the potentially lucrative retail investor market by creating a distribution team to promote three fledgling mutual funds.Even though Pzena, an equity manager, has a 20-year record
Fidelity offers service to combat elder financial abuse
The firm's clearing and custody division is partnering with EverSafe to help advisers protect senior clients from fraud.
Fidelity charged by Massachusetts with dishonest and unethical behavior
Massachusetts' top regulatory cop accuses the company of allowing unregistered advisers to make trades through its broker-dealer platform.
Will Fidelity kill goose that laid the golden egg?
No matter how many times Fidelity Investments tries to reassure eMoney Advisor customers that it is not going to restrict access to the popular software only to advisers who hold assets with the firm, doubts persist.
Allianz, Pimco targeted in class-action 401(k) suit
Firms are the latest targets in another class-action lawsuit alleging breach of fiduciary duty due to excessive 401(k) fees.
Active target date managers make tweaks ahead of Fed rate hike
Active managers have made small changes on the margins of their TDF portfolios, which could give them a short-term advantage over passive managers.
Advisers must go beyond the three Fs to compete for retirement-plan business
In addition to fees, funds and fiduciary, specialist defined-contribution advisers are raising the stakes with conversations around plan health and design.
Hillary Clinton's Tweet-induced biotech sell off has created buying opportunity
Sector already feeling wrath of nervous investors, gets second look after presidential contender's comments spark big drop.
TD Ameritrade weighs charging fund companies on its commission-free ETF platform
RIA custodian is also "taking a look" at role of Morningstar in selecting funds and considers sharing data on advisers, according to an executive.
Dimensional Fund Advisors posts 77th consecutive month of positive sales
Firm, a favorite of advisers, keeps clients invested despite market swings.
Eaton Vance's NextShares gets its first custodian on board
FOLIOfn Investments said it plans to offer the exchange-traded managed funds when they start trading.
Advisers who fled Pimco Total Return pay a price in 2015
Funds that won money from Pimco lag Bill Gross' replacements this year, but advisers say it will take more than a few months of outperformance to win back their business.
Fidelity throws its weight behind longevity annuities
The Boston retirement-services giant is giving its clients a new option for planning for the costs and risk of living longer by making deferred-income annuities available for retirement plans. (See also the Top 10 annuity sellers in the second quarter.)
Precidian goes back to SEC for approval of active ETF plan
A proposal designed to put actively managed products on par with index funds in the ETF universe by allowing their holdings to be non-transparent is going back in front of securities regulators.
Edward Jones: Stick to the classic bond flavors when rates rise
While alts have risen in popularity as a way to hedge Fed action, their usefulness is overstated, says strategist