Articles tagged "BlackRock"
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Vanguard dishes deliverables far faster under new CEO but its press on latest ETF launch drew real analyst double-take
The $10-trillion giant under CEO Salim Ramji is making speed a notable factor in fulfilling its to-do list -- but moving fast does not seem to be breaking the culture, for now.
August 23, 2025 at 1:54 AM
RIAs are starting to embrace 'model' portfolios, pressuring the status quo proprietary model of giants like BlackRock, Vanguard and Capital Group and making TAMPs emphasize back office support
Wirehouse brokers and IBD reps have already driven trillions in assets to 'models' but if RIAs -- and specialized 'RIA' model suppliers jump in, a $13 trillion market is projected by 2029
August 19, 2025 at 5:10 PM
Fidelity soars to $16.4 trillion of assets, a 16% jump of $2.3 trillion for 12 months, and widens gap on BlackRock and Schwab
The Boston giant was boosted by markets and an especially big, 17% gain in 'discretionary' accounts, but benefited from a large, $14.1 trillion starting position in administered assets.
August 15, 2025 at 2:13 AM
Schwab undercuts Vanguard (and BlackRock) again by slashing ETF fees up to 50% -- math that works when keeping RIAs is a priority
The $10 trillion discount broker cut its international ETF fee by 50%, a fee that is now 25% lower than that of the equivalent Vanguard ETF
June 10, 2025 at 11:18 PM
BlackRock will soon own a $30 billion RIA rollup (through a manager's fund) that has grown 500% since 2020 mostly by M&A, and could now ramp up
The New York City mega manager is buying an alts manager with a fund with a stake in Lido Advisors -- a deal within deal as it edges toward wealth management.
June 10, 2025 at 12:35 AM
BlackRock adds Fidelity's retail legend and Morgan Stanley ex-retail chief, sparking belief Larry Fink is eyeing wealth channel
The Wall Street asset giant added Kathleen Murphy and Greg Fleming to its board and retail investors know iShares and Aladdin.
May 1, 2025 at 1:47 AM
BlackRock, State Street and Vanguard show swagger, unity and 'smell blood' as they fire back at charges they perniciously colluded to advance ESG goals
Shifting political winds may cause three asset managers with $26.72 trillion to 'go for the jugular,' Wall Street attorney says; not so fast, says a second securities attorney, 'There's a smoking gun here.'
April 10, 2025 at 2:33 AM
Envestnet quietly cleans up a mess behind take-private veil • Michael Kim is now a two-TAMP CEO • Bill Ackman scolds Trump, Lutnick for tariff overkill, alleged conflicts •
Kim is now head of 'RIA' TAMP • In broad daylight, AssetMark edges closer to swallowing Adhesion • Ackman irked over ‘massive, disproportionate’ tariffs • Fisher sees market upside, if and when tariffs fail.
April 8, 2025 at 1:49 AM
Schwab and Fidelity halt of BlackRock's money-market fund ETF trades was no shock nor was it a straightforward series of events -- or explanations
Altruist, IKBR and Vanguard are cool for now, but Schwab and Fidelity are nearly mum amid questions, like when blocks happened and what's next for Schwab's own money market ETF.
March 26, 2025 at 2:18 AM
Schwab chases BlackRock out of the gate with money market ETF to stake out fast-growing cash segment and shore up its dominance in money market funds
The Westlake, Texas giant's new fund will hit the market May 28, pending regulatory approval, and crash BlackRock's near-monopoly, but also lend potential legitimacy to the novel concept.
March 20, 2025 at 1:29 AM
BlackRock, Goldman Sachs will curtail DEI HR outreach to comport with new Trump executive order, but neither signals they want to abandon diverse workforce
The world's larget asset manager will subtract racial and gender targets for job interviews but will find new ways to hire candidates that head off 'groupthink.'
March 5, 2025 at 3:20 AM
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
BlackRock blows off deadline from regulator for third time in three months, leading FDIC to insist it won't tolerate a fourth snub; hogwash, says leading lawyer
The giant New York City asset manager is pushing back because it can, lawyer says, but the bank regulator says it will force the issue if BlackRock continues refusing to play ball.
January 25, 2025 at 2:42 AM
Briefs: Focus Financial gets second happy Hollywood ending in LA lawsuit • Orion closes deal in record 14 days • iCapital buys ID shop • VC milestones & raises • People moves at Apex, Dynasty & Wealthfront
A Hollywood RIA took on Focus and Goldman, and lost • Reed Colley is already in the house • The SEC dings Robinhood, Schwab and Vanguard Group, and FINRA dings Fidelity • Vanguard & Schwab launch ETFs • BlackRock plots mixing alts & annuities in a TDF • Dynasty adds golf exec in HR hire • iCapital buys 'AI' KYC shop • Larry Shumbres start-up off to the races • Wealthfront's media guru departs.