More Financial Advisers Are Outsourcing Investment Decisions
Assets following model portfolios rose to a record $8 trillion in April.
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Chime Prices IPO Above Range, Valuing It at $9.8 Billion. The Stock Starts Trading Tomorrow.
Chime, a digital bank popular with younger customers, is the latest tech firm to go public. The stock will begin trading Thursday under the ticker symbol CHYM.
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The Great ETF Fee War Is Over. You Can Still Get Burned.
Last year, the average asset-weighted fee for index funds stood at 0.11%, essentially flat with 2023. A decade ago, the average fee was 0.19%.
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PwC Overhauls U.S. Advisory Arm, Boosts Hiring to Offer More Industry-Specific Services
PricewaterhouseCoopers is overhauling the structure of its U.S. advisory business and hiring for thousands of roles as it sees recovering demand for such services.
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Financial Services Roundup: Market Talk
Find insight on BNP Paribas, Wells Fargo, UBS and more in the latest Market Talks covering Financial Services.
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World Bank Sees U.S. Growth Rate Halving as Tariffs Slow Global Economy
The world's largest economy is expected to grow by just 1.4% in 2025, a sharp deceleration from the 2.8% expansion recorded in 2024.
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Moody's Sounds Alarm on Private Funds for Individuals
Chasing retail money could pose risks to investors, private funds and the financial system, Moody's said.
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Brown & Brown Enters $9.83 Billion Deal for Accession Risk Management
Brown & Brown has agreed to acquire Accession Risk Management Group in a cash-and-stock deal worth $9.83 billion, expanding its footprint in insurance distribution and risk specialty.
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Churchill Raises $1.5 Billion for Second Co-Investment Fund
The Nuveen arm hit the fund's upper limit, collecting more than triple the amount raised for the strategy's debut pool.
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Withdrawal Requests at Starwood Property Fund Are at $850 Million
The fund sold $1.6 billion worth of property from December to May to meet redemption requests.
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Property & Casualty Insurance Stocks Fell Monday. Policy Pricing Could Be an Issue.
The selling could reflect profit-taking. There also could be investor concern about weakening pricing of property and casualty insurance policies.
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JPMorgan Internal Memo Shows Morale Took a Hit on Return to Office
The results of the bank's latest internal opinion survey showed fewer employees than last year say they view their health and well-being as a corporate priority.
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Charles Schwab to Cut Costs for Some Fund Investors. What to Know.
Lower fees may help Schwab attract more investors for its exchange-traded funds and mutual funds.
(END) Dow Jones Newswires
June 12, 2025 07:00 ET (11:00 GMT)
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