CEO Faust calls remarks by BlackRock executives skeptical of the future of NextShares, an exchange-traded successor to mutual funds, 'off base.'
Facing outflows in its actively managed funds, the $2 trillion money manager lashes out against a popular measure that more advisers and investors are using to pick funds.
Largest mutual fund manager hopes that the tool will enhance relationships for and with advisers.
Asset management firm laid off 25% of its staff last week
Manager known as a 'turnaround artist' to take financial helm after Arnold bumped to president to replace Moore.
CEO Bettinger also defends robo-advisers, although he acknowledges they haven't been tested by a bear market
The mutual fund favorite pivots, finds success with financial advisers as investors look outside the U.S. <i>(Don't miss: <a href="//www.investmentnews.com/gallery/20150401/FREE/401009999/PH/the-first-quarters-best-and-worst-mutual-fund-groups"" target=""_blank"" rel="noopener">The first quarter's best and worst mutual fund groups</a>)</i>
Largest mutual fund company announces its response to reforms intended to prevent a run.
Currency-hedging ETF strategies are a no-brainer: Merrill Lynch portfolio manager
Just 47% of multimillionaires ages 18 to 34 use an adviser, a new study finds. That means wealth managers may be missing opportunities to discuss health, family and financial values with those and other potential clients.
