On the heels of the federal appeals court decision rejecting fee-based brokerage accounts, brokers are facing yet another challenge from consumer advocates who are questioning whether 12(b)-1 fees are being used illegally.
As the number of regional brokerage firms dwindles, executives at those that remain insist they’re better off staying independent.
Advisers are reacting to the impending sale of Rydex Investments to the Security Benefit Group of Companies with a mixture of enthusiasm, caution and disapproval.
Pressed by very wealthy clients who feel they are overpaying, and under cost pressures of their own, multifamily offices increasingly are searching for alternatives to asset-based fees, according to industry executives and observers.
Cynthia Keithley, principal of Keithley Investment Group LLC, goes to almost any length to serve her small-fry clients.
Forget expense ratios. Portfolio trading costs can be an even bigger drag on mutual fund performance.
Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.
BOSTON — Fidelity Investments and American Funds lagged behind The Vanguard Group Inc. in stock and bond mutual fund sales for this year through May as investor appetite for low-cost index and exchange traded funds increased.
A long-running trademark battle is threatening to derail the expansion of the CFA Institute in what has become one of the fastest-growing markets for financial planning professionals.
Robert Lyon, former CEO and CIO of Institutional Capital Corp., died earlier this week at the age of 57.
