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Schwab’s Peter Crawford: ETF managers need a management fee
Last year, The Charles Schwab Corp. launched its first exchange-traded funds, offering them commission-free
Adviser trust biz at Schwab reaches $1B milestone
The Charles Schwab Corp. has pushed quietly past a milestone in its dogged attempts to integrate trust services…
Former Vanguard, T. Rowe execs stand to gain from LPL’s going public
Brennan, Riepe built businesses on no-load investing, but sit on B-D's board and hold stakes in the company; 'ironic'
Vanguard drops fees, upping pressure on Fidelity
Vanguard reduces its rake for two million customers. The move, says one fund industry watcher, 'puts some heat' on rival Fidelity.
12(b)-1 cap could zap Fidelity, other retirement fund providers
American Funds, Fidelity Investments and Lord Abbett & Co. LLC are among a number of fund companies that will have to rethink how they serve the retirement marketplace through advisers if a proposed revamp of 12(b)-1 passes.
Financial services stocks still look ugly
It is tough to find a stock analyst or money manager with positive things to say about the financial services industry these days.
Fidelity to bump up custody fees for smaller firms
Smaller investment advisers continue to feel the squeeze from custodians. Beginning next year, Fidelity Institutional Wealth Services is…
Fidelity cuts VA fee by 10 basis points
Fidelity Investments' insurance unit has dropped the cost of its variable annuity by 10 basis points and has created a new fee level for larger accounts.
Bond stampede turning mutual fund world on its head
Retail investors, burned by two market crashes in a decade, have shunned stocks for the longest stretch in…
Fidelity ordered to pay $110K to elderly client with Parkinson’s
A Finra arbitration panel on Sept. 17 awarded a client of Fidelity Brokerages Services LLC $110,000 because her…
Fidelity ordered to pay $110K to elderly client with Parkinson’s
A Finra arbitration panel last week awarded a client of Fidelity Brokerages Services LLC $110,000 because her account got lost in the shuffle at the mutual fund and brokerage giant.
American Funds losing luster in eyes of reps
Financial advisers' loyalty to American Funds appears to be waning, as the firm saw the largest outflows of any fund company for the first half of this year.
H-P’s slide bad news for three Fidelity funds
Investors in three of Fidelity Investments' mutual funds have the most to lose in the wake of the resignation of Hewlett-Packard Co. chief executive Mark Hurd, though analysts said that they think that the stock is a better buy now as a result of the scandal.
Fidelity broadens duties of two RIA executives
In yet another shakeup at the company, Scott Dell'Orfano adds relationship management to his duties, while Ron Fiske takes on the clearing unit.
Charles Goldman to leave Fidelity
Recruited from Charles Schwab Corp., Mr. Goldman will be leaving Fidelity after just one year.
Coming soon: Clarity on alternative investments?
In an age of automation, broker-dealers interested in alternative investments -- hedge funds, LLPs,, non-traded REITs and the like -- still rely on phone calls and faxes to conduct transactions. A new platform could change all that.
Vanguard latest to drop commissions on ETFs
Move comes months after competitors Charles Schwab & Co. and Fidelity Investments separately eliminated commissions on certain ETFs
Fidelity’s institutional services boss exiting
Peter Cieszko, president of Fidelity Investments Institutional Services, is leaving at the end of January “
Charles Goldman to leave Fidelity
Charles Goldman, who one year ago joined Fidelity Investments to run its RIA custody, correspondent clearing and family office businesses, is leaving the firm.
Fidelity quietly abandons HybridOne program
After rolling out with great fanfare its HybridOne brand for dually registered advisers in June 2008, Fidelity Institutional Wealth Services quietly has stopped marketing its service as a distinct offering.
