The $26 billion deal, if approved, would put Schwab on equal footing with the wirehouses, and put pricing pressure on the upper levels of wealth management. Smaller advisors beware.
Just three in ten large-cap mutual funds outperformed the S&P 500 Index over the past year, according to data released this week. The numbers fall even further the longer back you look.
American Funds is leading other fund families on digital engagement, and the more advisors engage, the more they invest, according to a new J.D. Power study.
