William Galvin, Massachusetts Secretary of the Commonwealth, said Tuesday he had launched an inquiry into the broker-dealer arms of some of the largest mutual fund companies in the industry, seeking information regarding potential tax disclosure issues with target-date mutual funds. ...

Fidelity Investment Co. launched a new business line Monday that’s focused on compliance technology and offers products to create client communications and social media posts that stay in bounds of regulatory guidelines. The technology pairs artificial intelligence with social listening ...

The $26.7 trillion mutual fund industry will likely continue to ride on a lucrative wave of fee-based revenue for as long as the bull market lasts, but the smaller and scrappier ETF space is taking significant bites out of the ...

It’s that time of year again when clocks are set back an hour, the leaves start to fall, and mutual funds ramp up to distribute those pesky capital gains. This year, the message is another reminder of the relative tax ...

Fidelity Investments Inc. is growing rapidly in the HSA market, having increased its assets in that business by 50% over a year, according to a new report from Morningstar Inc. Fidelity, which has been working to increase its share of ...

Growth with added complexity is the future for custodians who hold the assets for registered investment advisers, according to a panel of top industry executives, as RIA clients look for increased access to alternative assets, digital currencies as well as ...

A 401(k) fee lawsuit filed Wednesday against Sunnyvale, California-based Juniper Networks lobs a kitchen-sink load of claims against the company. The plaintiff in the proposed class action alleges that the company failed in its fiduciary duty by allowing higher-than-necessary costs ...

As interest in sustainable investing continues to grow among investors, it’s critical for wealth management firms to create authentic and compelling narratives around their sustainable investing offerings to best communicate with clients. Cerulli data show that nearly 30% more high-net-worth ...