BlackRock, Vanguard and DWS Group charge an average of $2 for every $1,000 invested, half the median fee for such funds in the U.S.
Damage from scandals is forcing bank to develop new ways to motivate staff while spending more on compliance.
Gregory Stevens and Vince Spires join employee unit in Ocala, Fla.
He received $2.4 million in salary and $14 million of restricted stock linked to performance goals.
Replacing actors such as Tom Selleck in TV ads, academics with interests in the industy are putting a positive spin on reverse mortgages.
He cites Japan's Topix index, which is down about 30% over the last three decades.
The deal produces a combination that can rival Blackstone Group.
Strategists warn against being too dismissive of changes for stronger- or weaker-than-expected growth.
Goldman and Morgan Stanley spar over whether investors should focus on above-average performers given the anemic economy.
Experts say various Democratic plans for hiking taxes generally come down to increasing the capital gains rate.
