Private equity firm Warburg Pincus has agreed to acquire a minority stake in Edelman Financial Engines.
Relative to active funds, index funds are significantly more likely to side with firm management on contentious corporate governance votes.
The pandemic has shaken many U.S. adults' confidence in retiring comfortably or on time.
A Kansas City area financial adviser is accused of defrauding clients — including some professional athletes.
Merrill also filed a claim for damages and sought a permanent injunction against Wells Fargo.
"The time is right to further grow this area of expertise and our team's strength."