Less than a year after Vanguard hired its first outsider CEO, the firm announced its broadest fee cut ever, shaving the expense ratios of nearly 90 open-end mutual and exchange-traded funds and saving ...

Vanguard Group has slashed the fees for dozens of its mutual funds and ETFs in a record move that’s likely to send a shock wave through the asset management industry. The Jack Bogle-founded investing ...

While the threat of tariffs on Canadian, Mexican, and Chinese imports has roiled the equity markets this week, it has not been the only news to impact the traditional asset managers under our US-based ...

(Reuters) -Charles Schwab's first-quarter revenue exceeded Wall Street estimates on Monday, helped by a jump in asset management fees and client assets rising to a record high, sending its shares up ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...

Paying a 1% annual fee to a financial advisor for managing a $2 million investment portfolio is pretty typical, but that ...

Bank of New York Mellon Corp. said Wednesday its fourth-quarter profit surged as asset and wealth management revenue offset lower interest income. Profit rose to $593 million, or 49 cents per share, ...

The long-term trend of declining fund fees hit a plateau in 2024, with the asset-weighted average fund fee dropping just two basis points, according to Morningstar’s 2024 Fund Fee Study. Still, that ...

Q: I recently heard about an asset-management outfit that varies the fee it charges customers according to the performance of the assets it manages. It takes 10 percent of the money earned each year.

Apollo Global Management (APO) stock gained 3.3% in Tuesday premarket trading after its Q3 earnings highlighted the alternative asset manager's execution on its three growth pillars — origination, ...

If you're saving for retirement, chances are good you're using a 401(k) to do it. These workplace retirement accounts (or the equivalent versions for public sector workers) are the most common ...