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.
A hypothetical adviser I'll call Jim French was excited to implement new financial planning software his firm had introduced.
Plus Money and its principal allegedly raised $30 million from approximately 300 investors.
One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
Stephen J. Barrett is now senior vice president and chief marketing officer of Eaton Vance Distributors Inc.
Most everyone in the financial industry wants to move from paper to electronic documents, but firms that have rolled out systems to do so — and the broker-dealers providing technical assistance — agree that it will take one to three years to recoup the investment of capital in hardware, in software, and in the time needed to train staff and integrate the new systems into firms' work flow.
Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.
