Betterment co-founder and CEO Jon Stein announced that he was stepping down from his leadership post, naming Sarah Kirshbaum Levy as the new head of the robo advisor.

More than $7 billion was pulled from the $172 billion Vanguard S&P 500 ETF (VOO) on a single day this week, about 4% of the fund’s assets.

With the pending addition of an approximate 1.5% weighting in Tesla, investors in ETFs such as SPY are being reminded that passive funds undergo regular changes. 

That elusive ideal dip for reentry probably isn’t going to materialize, and delaying just costs more money.

Even though direct indexing remains a nascent part of the asset-management industry, the buzz is building.

After lagging bond funds for most of 2020, ETFs tracking equities lured a record $81 billion last month, bringing their total haul for the year to $196 billion.

Wealth management mobile apps lag those provided by credit cards and banks—and even insurance.

Dimensional Funds released two actively-managed products, one focused on U.S. equities and the other on international stocks.

Even as its competitors have become 'bionic,' offering a mix of human and digital wealth management, Wealthfront has stuck to its software-only approach.

Key issues financial planners need to consider as COVID-19 permanently impacts clients nearing retirement.