See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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Impact Labs adds smart beta options to its SRI platform, Fidelity taps Andy Fay to lead its family office division and CFP teams with iRelaunch to help women relaunch their careers.
Vanguard CEO Bill McNabb said Morgan Stanley had decided to stop selling its mutual funds because it wants "to be compensated for being on their platform in one way or another, and that's something we just won't do."
Over the decades, active mutual funds have gotten fat on big fees, investor ignorance and a rising market that let people overlook the costs. That era is over.