In the Margins
T. Rowe Price Group's share price fell the most in three months after the company said Tuesday that it had cut fees on some of its mutual funds. In a statement, T. Rowe said it “regularly assesses the competitiveness of such fees and will continue to make adjustments as deemed appropriate.” The fee reductions were part of the reason T. Rowe's investment advisory revenue grew more slowly than assets under management, the Baltimore firm said. Read the original story from Bloomberg.
Most Read
Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential ...
The Securities and Exchange Commission seems poised to grant exemptive relief to one of the earliest applicants seeking to offer an exchange-traded fund share class, just ...
The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...
Securities brokerage firms are a critical part of the financial landscape, as they provide a vast array of products and services to the financial services industry, ...