A West Coast water district has issued an RFP seeking investment management services.

Combined firm will have approximately $160 billion in assets under advisement and 240 employees.

Vanguard reached $6 trillion in assets late last year. And it achieved that in the midst of an ongoing fee war with Schwab-TD Ameritrade, which continued last week.

While 2019 was a banner year for returns, low interest rates prevented plan sponsors from meaningfully improving their funded states.

Rising bond yields, strong asset returns bring funded ratio to near all-time high.

Services-sector data indicates economy remains robust.