The Charles Schwab Corp. has scheduled a webcast Thursday to brief registered investment advisers on its revised plans to wind down custody of alternative investments.
The government's Public-Private Investment Program — designed to remove bad assets from bank balance sheets and promote lending — will help turn around the economy in the short run, but perhaps not long-term, according to financial advisers.
The mutual fund industry is poised to do away with Class C mutual fund shares, even though the Securities and Exchange Commission gave them a reprieve by moving to table reforms.
Insurance companies that have been eliminated from the TARP pool are running up against a new obstacle: financial advisers who are reconsidering whether they want to do business with them.
Equity funds investing primarily in U.S. stocks had a net outflow of $3 billion, reversing the previous week’s inflow of $3.2 billion, TrimTabs reported.
The Securities and Exchange Commission has filed an amended complaint charging a former state political party leader and a hedge fund manager in connection with a multimillion-dollar kickback scheme involving New York's largest pension fund.
The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released today.
Requiring annuities or other fixed-income products be included as an option in 401(k) plans is being considered by the House Education and Labor Committee, said Rep. Robert Andrews, D-N.J., chairman of the committee’s Health, Employment Labor and Pensions Subcommittee.
Mutual fund investors paid $15.8 billion in taxes last year for distributions, according to a report released today by Lipper Inc. of New York.
American Funds plans to send out proxy statements next week to shareholders of its money market mutual funds seeking approval to merge two of the funds and convert one to a short-term bond fund.
Stocks fell Tuesday after an unexpected drop in retail sales and producer prices tested a notion that the economy is starting to find its footing.
MetLife Inc. has backed out of the Department of the Treasury’s Troubled Asset Relief Program, saying its strong balance sheet shows it doesn’t need federal aid.
The Securities and Exchange Commission is exploring structural changes to money market mutual funds, including raising the net asset value standard to $10, from $1.
The Municipal Securities Rulemaking Board today filed a proposed rule change with the Securities and Exchange Commission that would allow it to collect voluntary-disclosure data from municipal issuers.
In what some say is a growing trend, The Permal Group Inc., a fund-of-hedge-funds affiliate of Legg Mason Inc., today launched its first mutual fund.
The Richmond, Va.-based insurer’s shares fell as low as $1.92 in this morning’s trading, as the impact of Genworth’s ineligibility for help through the Department of the Treasury’s Troubled Asset Relief Program took hold.
Year-over-year median compensation paid to mutual fund directors increased an average of 4.2% last year, bringing it to $49,000, from $47,000, according to a study released today by Management Practice Inc., a Stamford, Conn. consulting firm for independent fund directors.
The growth of mutual funds that invest in stocks perceived as friendly to the environment came to a halt last year as investors scrambled for safety, but industry experts think that once investors regain their confidence, green funds will benefit.
