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.
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.
Forget expense ratios. Portfolio trading costs can be an even bigger drag on mutual fund performance.
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.
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.
Cynthia Keithley, principal of Keithley Investment Group LLC, goes to almost any length to serve her small-fry clients.
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.
Investors Capital Holdings posted a record $80 million in revenue the fiscal year ended March 31, for an increase of 17.72% over the 2006 fiscal year.
An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.
Old Mutual of London is planning to significantly expand its asset-management division in the U.S., according to MarketWatch.
