With regulators inching closer to setting a universal fiduciary standard for all financial advisers, mutual fund companies may want to brace for the shift
In 2,300 pages of legislation overhauling the U.S. financial regulatory system, there is no section or subsection entitled “mutual funds,” an indication that they were not seen as a primary culprit in the market crisis that shook the economy three years ago.
McMillan also bemoans pace of reform, saying firms still not sure if they'll be deemed too big too fail
As advisers to 401(k) plans brace for upcoming regulations mandating greater fee disclosure, The Charles Schwab Corp., BlackRock Inc. and TD Ameritrade Trust Co. are among a number of firms that are launching lower-cost options ranging from exchange-traded funds to index-fund-only plans
First time in six weeks more cash came in than went out; hybrids led the way
Raft of new 'absolute' funds difficult to decipher, dissimilar in approaches; more marketing gimmick than investment strategy?
In a recent interview, American Funds Distributor's president Kevin Clifford reportedly blamed the recent fund outflows at American on pollyanna-ish sales pitches at the retail level. Not surprisingly, those working at the retail level -- namely, advisers -- did not take kindly to the suggestion.
Client defections continue, with $128B yanked from funds in two years; firm ranked last in brand loyalty survey
Lee Beck will manage relationships with wirehouse, B-D and insurance broker wealth management firms
Sellers may switch to fee-based model and wealthier clients, leaving average investors in the dust
SEC eyes requiring such funds to establish 'NAV buffer'; idea would trump ICI's plan for liquidity bank
The Philadelphia-based Delaware Management reeled in three awards at the Lipper Fund Awards ceremony on Wednesday night. Other winners included MFS, Pimco, and Loomis Sayles. <a href=http://www.investmentnews.com/article/20110324/CHART02/110329983>(See the full list of funds that took home trophies.)</a>
Morningstar Inc. has updated its quarterly ranking of large target date fund groups, raising its rating on TIAA-CREF and MassMutual Retirement Services, while lowering its rating on Fidelity Investments
The Securities and Exchange Commission's appointment of Eileen Rominger, an 11-year veteran of Goldman Sachs Asset Management, as its new director of investment management, marks the first time in decades — if ever — that the agency has named an industry executive with no legal background to the position.
When the federal government starts weaning the economy off the various stimulus programs put in place after the financial crisis, one fund manager believes high-quality growth stocks once again will start leading the market.
Exchange traded funds seen as ideal for portfolio weighting and diversification; 'it's not a fad'
Mutual funds still dominate retail fund assets in broker-dealer wrap programs
