Articles tagged "Victory Capital Management"
Victory Capital admits to 'leaking' AUM after Schwab acquires USAA wealth managers, whose sales efforts let air out of Victory's USAA funds purchase
The mutual fund rollup shed $14.8 billion in fund assets in six months thanks largely to Schwab, but Victory CEO maintains the leak is being patched.
December 1, 2020 at 2:52 AM
Victory Capital squeezes costs out of USAA mutual funds following acquisition, but Schwab may walk off with brokerage, wealth manager in purported $2B deal
With the deal closed, shares of the Brooklyn, Ohio-based holding firm keep skyrocketing as it exploits an asset worth far more than it paid
July 17, 2019 at 3:03 AM
With the DOL rule dead, 'the door is open' and Reverence Capital buys Advisor Group, which unites AIG's old annuity salesforce and Voya's rebranded annuity factory
Reverence Capital, which also holds big stakes in Russell Investments and USAA mutual funds. jumps at chance to own a 7,000-person sales force
May 10, 2019 at 3:00 AM
Brooke's Bits: TD Ameritrade fake-punts 401(k) business to Broadridge • Vanguard shows it doesn't need lowest fees to dominate • Despite USAA investor grumbling, Victory Capital publishes a closing date for the fund franchise purchase and its shares keep soaring
The Omaha, Neb.-based custodian swears it still has RIA backs on 401(k)s; Vanguard takes half of inflows Q1; USAA's orphaning of its investors is still on track to giant shareholder returns for the buyers
May 2, 2019 at 4:36 PM
Victory Capital to pay $1 billion -- of mostly other people's money -- for USAA mutual funds and use of its sweet brand-- Victory who?
The Brooklyn, Ohio firm doubles its assets to $144 billion, adding USAA's $69 billion to Munder, RS Investments, Harvest and other assets --Brooklyn where?
November 7, 2018 at 9:27 PM
At Inside ETFs, Vanguard CEO skipped over ETFs to get to a hotter topic -- mass delivery of financial advice
In his first public speech, Tim Buckley warned that asset managers no longer have the target on their backs -- but advisors do