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Wednesday, September 22, 2021

The Six Most Trusted Fund Firms Are ...

Reported by Neil Anderson, Managing Editor

A trio of mutual fund firms are the most trusted in the business, according to an investing publication's new list.

Mortimer J. "Tim" Buckley
Vanguard
President, CEO
The three most trusted firms in the ETF and mutual fund business are Vanguard, Fidelity, and T. Rowe Price, according to the folks at Investor's Business Daily. On Monday, the IBD team released their second annual list of the "Most Trusted Financial Companies." The list was built from the results of a survey conducted in collaboration with TechnoMetrica and drew from input from more than 6,000 respondents.

On IBD's "Top 25 Most Trusted Financial Companies" list, Vanguard ranks fifth, Fidelity sixth, and T. Rowe seventh. This year's list also includes three other fund firms: Charles Schwab at 15th, Capital Group's American Funds at 22nd, and Ark at 24th.

Strangely, USAA also made it onto the list as a fund firm, at 13th. Yet individual investors are a bit behind the times here: USAA sold its mutual fund business to Victory Capital back in 2019.

Beyond fund firms, the IBD list also includes: auto insurers; banks; credit card companies; home insurers: online brokers; and wealth management firms. 

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