For the first time since the financial crisis, asset managers have seen their revenues and profits decline year-over-year, according to the Boston Consulting Group.

Passive investors don't recognize they are actually making active management decisions without understanding what they own.

Are these the large-cap core funds to own for the rest of the bull market? Perhaps, but no one knows for sure.

Some, though, don’t behave like value funds.

SPFs add a new and desirable dimension to the portfolio-construction process for investors with concentrated positions.

John Ameriks, head of Vanguard’s Quantitative Equity Group, on the future of rules-based investing, where advisors add value, and why being quantitative just for the sake of it is not enough.

The best manager of bonds in America refuses to pay full price.

Motivated more by purpose than profits, “Survivor” clients may resist logical advice about how to curb stock market losses.