They used to be the best it now I think they are closer to the bottom. It's important for investors to understand the idea of survivorship bias. See: Schwab Private Client edges its fee closer to the classic RIA standard. I just wander if others are having problems with Victory Capital taking over USAA's mutual funds? The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. InvestmentNews, "USAA Retreats from Asset Management Business with $850 million Sale to Victory Capital," Nov. 8, 2018. IT IS ABSURD THAT I COULD NOT TRANSFER THE ENTIRE BALANCE OF MY USAA TREASURY MONEY MARKET FUND TO MY USAA FSB CHECKING ACCOUNT IN A SINGLE ONLINE TRANSACTION. In fact, there are 44 mutual funds that no longer exist. Its online banking and investment services were an attempt to leverage its customers into buying other products. "We expect to generate more than $850 million in annual revenue, and nearly $400 million in adjusted EBITDA, with adjusted EBITDA margins of approximately 46%," he added on the call. Victory Capital and its affiliates are not affiliated with United Services Automobile Association or its affiliates. Please note: High, double-digit returns are highly unusual and cannot be sustained. We are proud to serve your investment needs. The track record of this family's active managers are put under IFA's research microscope. Here is what we found: 73.73% (87 of 118 funds) have underperformed their respective benchmarks or did not survive the period since inception. So instead of USAA employees managing those funds and their underlying holdings, Victory Capital will do so instead. Only 1.5 million of the 12 million USAA members own at least one investment product today. How the purported Schwab deal will figure into the mix remains to be seen. USAA, 2017 Report to Members, May 2018. Incoming, Fidelity! In fact, there are 44 mutual funds that no longer exist. The costs we examine include expense ratios, front end (A), deferred (B) and level (C) loads, as well as 12b-1 fees. ( announced it won a $1.8 million arbitration award on behalf of two financial advisors who were terminated from USAA Financial Advisors, Inc. in May 2017. The sale includes USAA’s mutual fund, ETF and 529 college savings businesses. VC won’t collect management fees from USAA– they earn them from the people who own the shares. We are a diversified global investment management firm offering a wide array of independent investment approaches and innovative solutions designed to drive better investment outcomes. Murray Coleman - Investment Writer - Index Fund Advisors. Victory Capital mutual funds and USAA Mutual Funds are distributed by Victory Capital Services, Inc. (VCS), member FINRA, an affiliate of Victory Capital. Tried talking with USAA, got referred to Victory, who sent me back to USAA. USAA Mutual Funds. Founded in 1999, IFA is a Registered Investment Adviser with the U.S. Securities and Exchange Commission that provides investment