Despite widespread expectations that Donald Trump would impose his own influence on the Federal Reserve by appointing his own chairperson, the president recently told reporters that Fed Chairwomen Janet Yellen “isn’t toast.” So reports Reuters.
An increase in retiring advisors, a strengthening economy, and an improvement in financing availability resulted in last year being the busiest year yet for M&A activity among independent wealth management firms. That's according to a study by consultancy Echelon Partners, reports Reuters.
Vanguard recently announcement that it has cut fees on certain index products and said the move is driven by its long-term commitment to offer low-cost funds rather than as a response to other firms cutting advisory expenses. That's according to Vanguard CEO Bill McNabb. So reports RIABiz.