Target date mutual funds, long criticized for being too conservative to meet their goals, are now being taken to task for taking on too much risk.
In a move clearly aimed at luring breakaway brokers, Fidelity Investments is about to take the wraps off a program intended for brokers who are dually registered as investment advisers.
The mutual fund industry is facing waves of baby boomers who will retire and a volatile market that has scared many investors, but nothing has the potential to affect the industry more than a Securities and Exchange Commission review under way of Rule 12(b)-1.
One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
Plus Money and its principal allegedly raised $30 million from approximately 300 investors.
A hypothetical adviser I'll call Jim French was excited to implement new financial planning software his firm had introduced.
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
With some 90 million investors and more than 44% of American households owning mutual funds, the fund industry has continued to grow significantly in spite of weathering more than a few storms in the last decade.
Staff members at the SEC will recommend that 12(b)-1 fees be broken into at least two parts.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
