The move is another sign that the days of high-cost funds are numbered, and that the Department of Labor's new rule is speeding that decline.
The simplest strategy often turns out to be the best.
In the past two weeks, the tech giant has seen its stock tank 16.3% thanks to disappointing earnings report.
<i>Breakfast with Benjamin</i> The message is being put out loud and clear: investors want lower-cost investment products.
Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues
In the latest sign of the changes to come in the wake of the new DOL fiduciary rule, Charles Schwab is taking mutual funds with sales loads off its shelves.
Increased SEC scrutiny may be making ETF providers uncomfortable, and the industry may soon have to adapt to new regulations. </br><b><i>(More: <a href="http://www.investmentnews.com/section/specialreport/20160417/ETF042016" target="_blank">The full Spotlight on ETFs special report</a>)</b></i>
His six funds on average beat more than 90% of rivals
<i>Breakfast with Benjamin</i> Two types of investors are driving stocks' rally: Those who fear missing out on the rally, and those who see no alternatives to stocks.
Plus: Wall Street wants to send Sanders packing to Cuba, silver outshines gold, and Harriet Tubman nabs a spot on the 20-spot
High-fee, actively managed funds fail in the long term.
Three firms are telling clients that despite oil's rout, it remains a good long-term play.
<i>Breakfast with Benjamin</i> West Oak Capital added another $1.3M of Charles Schwab stock, upping its total stake to more than 46,000 shares.
Broker-sold fund companies lag since new regulation released.
Regulator seeks comment on plan for building massive database to help it quickly unravel flash crashes.
Plus: Amplify ETF zeroes in on online retail, calling out Gundlach's forecasts, and get ready to start tipping your Uber driver
If Republican frontrunner Donald Trump wins, Mr. Valliere says he'll be rooting for “a really windy inauguration day.”
Fund designed for investors who want the performance of the S&P 500 Index without all the exposure to weapons, adult entertainment and other traditional Catholic no-nos.
