David Hoffman
Financial advisers said they agreed with several Supreme Court justices who appeared to suggest during oral arguments yesterday that the Securities and Exchange Commission — and not the courts — should ultimately decide when mutual fund fees are excessive.
Investor concern over the cost of health care reform is likely to manifest itself in a flood of questions to financial advisers about how best to protect assets from an expected hike in taxes.
The mutual fund industry has long been dominated by a handful of companies, but continuing fallout from the recent market downturn and other structural factors have created opportunities for nimbler, smaller companies to gain more business.
With the passage of the health care bill, investors will see the tax rate on long-term capital gains jump to 23.8%, raising questions for investors looking to protect their assets
Although the selection of a bond fund executive to lead equity-oriented Janus Capital Inc. stunned industry watchers last week, Richard M. Weil — the former Pimco chief operating officer — may be just what the $152 billion fund company needs.
The debate over whether to take capital gains this year heated up yesterday when the House passed health care reform legislation.
The Investment Company Institute last week floated an idea to create a state-chartered bank or trust company that would provide additional liquidity to prime money market funds in the event of severe market conditions.
Morgan Stanley is close to completing a deal to sell Van Kampen Funds Inc. to Invesco Ltd., according to industry sources familiar with the deal.
Upper-income investors are taking advantage of a change in the tax law and rushing to convert their traditional individual retirement accounts or old 401(k) plans into Roth IRAs.
Financial advisers this tax season are coping with what they say is an unprecedented level of client anxiety over recent tax code changes and the potential for higher taxes.
