In a bid to ease investors out of cash and back into the market, Putnam Investments is dropping the sales charge and broker payout on the Class A and Class M shares of three of its mutual funds.
When Robert L. Reynolds took over as president and chief executive of Putnam Investments in June 2008, the once-mighty fund company was sinking fast.
Fidelity Investments today announced that it will offer its retail customers — and and its registered investment adviser clients via a separate program — commission-free online trades for a suite of 25 iShares exchange-traded funds from BlackRock Inc.
The Charles Schwab Corp. — in a bid to attract more trades from customers who use deep-discount brokerages — plans to lower its commissions on all online stock and non-Schwab ETF transactions to $8.95 per trade.
Several state insurance regulators are considering changes that could make sales of variable annuities more burdensome for financial advisers and agents, and may even discourage the use of such investments in certain situations.
Last week's market sell-off has investment strategists and financial advisers hunkering down in anticipation of continued market volatility, but they aren't ready to say that it marks the beginning of a double-dip recession.
Charles Schwab Corp. said it agreed to pay an additional $35 million to settle claims that the online brokerage misled investors who owned its Schwab YieldPlus Fund.
Investors praying for divine inspiration may have gotten their wish today when three faith-based exchange-traded funds made their debut.
Two real estate investment trust companies will waive their “internalization fees,” potentially sparking a trend in the REIT marketplace that would bode well for investors.
It takes about four months and about $50,000 to get a fund to market
Patrick Galley, manager of the $350 million RiverNorth Core Opportunity Fund Ticker:(RNCOX) sees opportunities in select closed-end funds, particularly as investors in general sit too cautiously on the sidelines.
Apollo Global Management LLC founder Leon Black and others are touting private equity's consistent outsized returns, but some insiders — including investors — aren't so sure.
Kansas City Federal Reserve Bank President Thomas Hoenig said the U.S. economic recovery has the momentum to sustain itself and called for an increase in the target federal funds rate to 1 percent by the end of the summer.
RS Investments today announced an agreement to acquire certain assets of Oak Value Capital Management Inc., which is the adviser to the Oak Value Fund. The portfolio managers of the Oak Value Fund will also be joing RS Investments.
Prudential Plc's attempt to cut the price of its $35.5 billion takeover of American International Group Inc.'s main Asian unit failed, leaving the biggest purchase in the U.K. insurer's history on the verge of failure.
Despite its decidedly mass-market focus, The Mutual Fund Store maintains that client relationships are priority No. 1.
Enrollment in high-deductible health insurance plans linked to health savings accounts continues to surge, with the biggest growth in plans offered by larger employers.
Invesco will reorganize — and reduce — its combined sales force when it takes over Van Kampen Funds Inc., the $119 billion retail money management unit it acquired last October from Morgan Stanley for $1.5 billion.
