Putting clients in expensive share classes instead of lower-cost ones hurts investors, chairman says.
The number of ESG funds has increased sharply over the past few years, and interest is growing among advisers.
The hedge fund paid a more than $1 million settlement to a woman who had a relationship with the top exec, according to Wall Street Journal report.
Intuitive Investor platform requires at least $10,000 in assets and has a 50-basis-point fee.
The ex-CEO's firm, Matrix Private Capital Group, is opening offices in Los Angeles and Palm Beach, Fla.
Market-driven gains and active-fund outflows mean high distributions.
The funds that have fared the worst since the low in interest rates have been those with the longest duration.
A Treasury proposal seeks to amend rules for plan sponsors to help them assess the long-term viability of insurance companies.
Firm settles charges that it failed to provide less expensive share classes.
Expect stability and income, not a double-digit return on client portfolios.
Some are useful to a subset of investors with a long-term horizon; not to everyone.
At a time when most commodities funds are sucking wind, lumber prices have soared
They may provide high-net-worth clients with tax-advantaged portfolio income, cash access, creditor protection under some state laws and a tax-free death benefit.
Pressure is now on rival funds to offer strategies the firm can't find at home.
Professionals say the WSJ article's point isn't exactly new, but that fund companies might be misleading investors by using the ratings in ads.
A Wall Street Journal article argues that the company's fund ratings have no predictive power.
Despite the huge market run-up, there are still plenty of areas from which to harvest losses.
The private equity firm will buy out existing institutional investors and invest an additional $100 million in the RIA.
Energy, real estate and small-cap value funds have struggled this year compared to other categories.
Removing impediments for potential issuers creates a bigger market, and perhaps more assets for BlackRock.
