The firms, which focus on active management, are seeking flexibility to lower fund fees.
Large-cap technology, consumer discretionary and health-care were the standouts in the first half.
Mr. Block last year pleaded not guilty to charges, including conspiracy and securities fraud, stemming from accounting at the REIT once controlled by Nicholas Schorsch.
The prosecution labeled Mr. Block's cover story as a "total charade," while the defense described the other side's two star witnesses as liars.
Claimants asserted firm was negligent and breached its fiduciary duty.
The plaintiff claims the company only offered one unaffiliated investment option during the class period, resulting in excessive fees for participants.
With testimony concluded, case could go to the jury as early as Thursday
Distributors of exchange-traded funds are branding their products with actual celebrities in an attempt to stay relevant.
Former CFO claims everything he did was 'appropriate' and 'correct.'
Prosecution rests case in fraud trial against CFO of American Realty Capital Properties.
He says 'one-size fits all' portfolios are a dangerous bet, especially in a market decline
Rising rates don't seem to be deterring fans of dividend-paying stocks.
Lisa McAlister acknowledges she has lied before, but asserts she's telling the truth now.
Long-time broker-dealer exec will head real estate firm's sales unit
The gains have come amid a broader rotation into financial stocks — and despite the recent popularity of passive strategies.
Move is reaction to addition of this stock in MSCI Emerging Markets Index next year, but changes will be minimal.
The funds are catching on due largely to lower costs and more product availability, but come with some inherent drawbacks.
"Tepid" is better than "awful."
Lisa McAlister, former chief accounting officer at the REIT once controlled by Nicholas Schorsch, said Mr. Schorsch instructed Mr. Block to commit accounting fraud in a particular financial line item.
Independent broker-dealers and RIA firms need to encourage the proliferation of new cost and compensation practices.
