Fund giant increases charges on three funds, including $46.4 billion Vanguard Health Care fund run by Jean Hynes.
Wells Fargo could fill the void left by rival wirehouses such as Morgan Stanley, Merrill Lynch and UBS.
Citywire AAA-rated bond manager leaves Aegon USA, sparking management reshuffle on $7.6 billion of Transamerica funds.
Wells Fargo Advisors told brokers all new fund purchases within retirement accounts have to be executed in T share classes.
Ryan Beach, manager research director at USAA, hopes to add some alternative strategies to the firm’s wealth management platform over the next year.
Manulife has announced the Roy Gori will become its chief executive following the retirement of Donald Guloien.
AssetMark has added Parametric's unified managed account strategies to it's platform.
The wirehouse said it would significantly reduce experienced advisor recruiting, instead focusing on existing advisors and hiring tech-savvy staff.
Two advisors have jumped ship from Morgan Stanley to RBC Wealth Management in Houston.
The three new liquid alts funds will be launched in the third quarter of this year.