Industry News

Exclusive news, analysis, and commentary about the wealth mangement industry.

Advisor Upside

Fund Fees Hit Record Lows Last Year – And Maybe Rock Bottom

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It took more than a decade, but fund fees may have finally hit their lowest possible levels, according to the latest Morningstar research.

2 min read
Advisor Upside

Envestnet Sold to Bain Capital for $4.5B After ‘Tumultuous’ Year

Photo via Connor Lin / The Daily Upside

Envestnet is one of the largest wealth management software companies in the US and serves approximately one in three financial advisors.

2 min read
Advisor Upside

Supreme Court Ruling Minimizes SEC’s Enforcement Power

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2 min read
Advisor Upside

UBS Shake-Up Aims to Court the Richest of the Rich

Photo by Claudio Schwarz via Unsplash

The Zurich-based bank joins a growing list of wealth management’s elite, including JPMorgan and Goldman, to focus on the wealthiest investors.

1 min read
Advisor Upside

BlackRock Pushes Into Private Markets With $3.2B Deal for Preqin

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The BlackRock deal highlights a move by some of the world’s largest asset managers into the very private world of private markets investing.

2 min read
Advisor Upside

Morgan Stanley Clients Earned .01% on Cash. Now, They’re Suing

Photo by Ajay Suresh via CC BY 2.0

A class-action lawsuit filed by a former Morgan Stanley customer revolves around cash sweeps that earn additional income on uninvested cash.

2 min read
Advisor Upside

JPMorgan Takes on Goldman with Eye Towards The Uber Rich

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JPMorgan’s new push for the upper crust is bringing in billions of dollars and putting it toe-to-toe with Goldman Sachs.

1 min read
Advisor Upside

Schwab Wants in on Vanguard’s ‘Massive’ Share-Class Edge

Photo by Djkeddie via CC BY-SA 4.0

2 min read
Advisor Upside

Finfluencers in Crosshairs of Latest FINRA Lawsuit

Photo via Finra

The online broker TradeZero allegedly did not properly oversee paid online marketing materials created by social media influencers.

2 min read
Advisor Upside

What Ken Fisher’s Nearly $13B Valuation Means for RIAs

Photo via Connor Lin / The Daily Upside

The eye popping private-equity deal for famed Fisher Investments is a boon for financial advisors.

3 min read
Advisor Upside

Goldman Sachs Sells Wealth Management Division

(Photo by Tomas Martinez on Unsplash)

1 min read
Advisor Upside

BlackRock To Enter $18.9 Trillion Chinese Wealth Management Market

Image Credit: iStock, hapabapa

1 min read