Investors continue to bail as Harry W. Lange celebrates his two-year anniversary as the manager of the Fidelity Magellan Fund on Wednesday, although it's clear that the fund's performance is on the mend.
While 401(k) investors' choices of mutual funds vary widely, one element of concern seems to be constant: cost.
Financial advisers focus only on sales brochures and fund information that is germane to their financial practices; otherwise, marketing efforts fail to attract their attention, even momentarily, according to a soon-to-be released report.
The mutual fund trade group asks the state to repeal a new sales tax on investment advice services.
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
After his business fell apart, Ed May asked a former client to put money into a new set of investments.
The regulator said it would give temporary leeway to firms affected by the California wildfires.
Falling home prices and higher food and fuel prices drove consumer confidence lower this month.
Merrill board irked by CEO E. Stanley O'Neal's unauthorized outreach, The New York Times reports.
Senior official says SEC has formed a working group to look into “rampant” insider trading among Street pros.
