American Funds retools approach to adviser market
After five years of outflows — to the tune of $242 billion — American Funds is overhauling its approach to working with financial advisers. Jason Kephart has the details.
After five years of outflows across its mutual funds — to the tune of $242 billion — American Funds is overhauling its approach to working with financial advisers.
The company, which sells its funds through advisers, plans to increase its internal sales force by 25% to about 150 ove
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