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Articles tagged "Victory Capital Management"


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David Brown: There still is some drag on our flow profile from the sale of the USAA brokerage business to Schwab.

Victory Capital admits to 'leaking' AUM after Schwab acquires USAA wealth managers, whose sales efforts let air out of Victory's USAA funds purchase

The mutual fund rollup shed $14.8 billion in fund assets in six months thanks largely to Schwab, but Victory CEO maintains the leak is being patched.

December 1, 2020 at 2:52 AM

David Brown is chopping $120 million of inefficiencies from USAA funds and improving service, he says.

Victory Capital squeezes costs out of USAA mutual funds following acquisition, but Schwab may walk off with brokerage, wealth manager in purported $2B deal

With the deal closed, shares of the Brooklyn, Ohio-based holding firm keep skyrocketing as it exploits an asset worth far more than it paid

July 17, 2019 at 3:03 AM

Milton Berlinski is bringing 26 years of Goldman Sachs experience to creating a national mass affluent company.

With the DOL rule dead, 'the door is open' and Reverence Capital buys Advisor Group, which unites AIG's old annuity salesforce and Voya's rebranded annuity factory

Reverence Capital, which also holds big stakes in Russell Investments and USAA mutual funds. jumps at chance to own a 7,000-person sales force

May 10, 2019 at 3:00 AM

Tim Hockey: It was a bit of a bolt-on.

Brooke's Bits: TD Ameritrade fake-punts 401(k) business to Broadridge • Vanguard shows it doesn't need lowest fees to dominate • Despite USAA investor grumbling, Victory Capital publishes a closing date for the fund franchise purchase and its shares keep soaring

The Omaha, Neb.-based custodian swears it still has RIA backs on 401(k)s; Vanguard takes half of inflows Q1; USAA's orphaning of its investors is still on track to giant shareholder returns for the buyers

May 2, 2019 at 4:36 PM

David Brown: I think we're as well-positioned as anyone to be a consolidator in the business," he says. This shows the kind of quality (brand) we can attract to this platform.

Victory Capital to pay $1 billion -- of mostly other people's money -- for USAA mutual funds and use of its sweet brand-- Victory who?

The Brooklyn, Ohio firm doubles its assets to $144 billion, adding USAA's $69 billion to Munder, RS Investments, Harvest and other assets --Brooklyn where?

November 7, 2018 at 9:27 PM

Tim Buckley: With mutual fund fees coming down, the highest fee is the advisory fee itself.

At Inside ETFs, Vanguard CEO skipped over ETFs to get to a hotter topic -- mass delivery of financial advice

In his first public speech, Tim Buckley warned that asset managers no longer have the target on their backs -- but advisors do

January 30, 2018 at 10:13 PM

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