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There hasn't been this much buzz about ticket charges since the Department of Justice settled its long-running antitrust case against Live Nation, the owner of Ticketmaster.
But this isn't about concerts and the gargantuan markups on the resale marketplace. And the story is much bigger than almost anything else in ***** et management and financial advice this year: Vanguard is buying the fintech-powered RIA custodian Altruist. From an ETF angle, the deal could affect the platform fees that issuers pay other custodians — or decline to, which can limit their distribution.
"The RIA platforms / custodians could not have been happy to hear of the Vanguard / Altruist arrangement," said Neil Bathon, managing partner of Fuse Research Network, noting that the deal stands to boost distribution of Vanguard ETFs via its model portfolios. "It is only natural to ***** ume that Vanguard's core positioning as the industry's most efficient operator will reflect itself in downward pressure on platform fees."
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
#daily #deal
There hasn't been this much buzz about ticket charges since the Department of Justice settled its long-running antitrust case against Live Nation, the owner of Ticketmaster.
But this isn't about concerts and the gargantuan markups on the resale marketplace. And the story is much bigger than almost anything else in ***** et management and financial advice this year: Vanguard is buying the fintech-powered RIA custodian Altruist. From an ETF angle, the deal could affect the platform fees that issuers pay other custodians — or decline to, which can limit their distribution.
"The RIA platforms / custodians could not have been happy to hear of the Vanguard / Altruist arrangement," said Neil Bathon, managing partner of Fuse Research Network, noting that the deal stands to boost distribution of Vanguard ETFs via its model portfolios. "It is only natural to ***** ume that Vanguard's core positioning as the industry's most efficient operator will reflect itself in downward pressure on platform fees."
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
#daily #deal
6 hours ago
