Gundlach claims TCW hatched plan to ‘confiscate’ up to $1.25B in his funds’ future fees
DoubleLine Capital LP chief executive Jeffrey Gundlach and others today filed a cross-complaint against TCW Group Inc., claiming up to $1.25 billion on grounds of breach of contract and related misconduct by TCW arising from its firing of Mr. Gundlach.
Fidelity strikes latest blow in commission price war
Fidelity Investments today announced that it will offer its retail customers — and and its registered investment adviser clients via a separate program — commission-free online trades for a suite of 25 iShares exchange-traded funds from BlackRock Inc.
Schwab launches two new commission-free ETFs
The Charles Schwab Corp. today launched two commission-free exchange-traded funds and released data showing that the first four…
ETF market gets religion
Investors praying for divine inspiration may have gotten their wish today when three faith-based exchange-traded funds made their debut.
Financial advisers scramble to mitigate bigger state tax bite
Although many wealthy taxpayers are worried about Washington's plans for tax increases, financial advisers and other tax experts are sounding the alarm bell about state tax hikes.
Invesco Aim to lose Aim in name
Invesco Ltd. is changing the name of its Invesco Aim unit to Invesco, and its AIM Funds to Invesco Funds, according to an executive at the investment firm.
Legg Mason seeks OK to offer actively managed ETFs
Legg Mason Inc. yesterday filed papers with the Securities and Exchange Commission seeking permission to offer actively managed exchange-traded funds.
That an ETF is commission-free doesn’t make it cheaper, advisers say
Commission-free ETFs are good, but they may not be best.
IRS audits for wealthy on the rise
Uncle Sam — specifically the Internal Revenue Service — wants your clients' money.