Articles tagged "Ari Sonneberg"
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BlackRock rattles giant saber at Schwab and Fidelity by launching high-yield 'money market' funds that 'circumvent' shelf-space controls and pay big
The $12-trillion firm steered clear of the retail giants' cash cows until this month, when it launched ETFs that mimic the custodians' best offerings -- albeit with caveats.
February 22, 2025 at 3:02 AM
The RIA business can heave a sigh of relief as Grayscale beats the SEC in court and its GBTC fund soars in value
Firms like Charles Schwab & Co. and iCapital largely banked on Grayscale managers and mutual funds as a bridge solution only to get burned as discount to assets ballooned and Bitcoin plummeted in value -- a reversal that could continue to unwind
August 30, 2023 at 3:54 AM
Fidelity Investments is suddenly fending off a fresh wave of AI suitors for its vast recordkeeping data trove, knowing it's like owning a lithium mine in 2000 -- and not knowing how clients, the SEC and others might see a sale
With 42 million customers and the nation's largest record-keeping business, Fidelity is sitting on oodles of now in-demand client data; so far, it's rejecting every bidder.
