American Funds has a big branding problem. In the minds of many, the industry giant is an 'old load' fund firm. Not surprisingly, this perception has not helped the company make inroads with fee-only advisers.
A report by the New York Times claims the trading loss at JPMorgan may be three times what CEO Jamie Dimon initially estimated
Jamie Dimon claims the $2B trading loss at JPMorgan came from a credit hedge that morphed 'into something I can't justify,' but Meredith Whitney insists it was a simple proprietary bet all along.
Brokerage generated 11% profit margin in Q1, still well below its stated goal; more work ahead
New data triggering a rethink about vendors; clients open to switching
A Virginia couple who donated their house to local firefighters for a training exercise can't deduct the property's value from their federal income taxes, a divided U.S. Tax Court has ruled
Lessons learned from last year will play again in this climate, says fund manager; going short, going cash are keys
Economists and chief investment strategists are busy penning their second-half outlooks for the investment markets, and many of them expect a rerun of the so-called risk-on/risk-off mentality of investors that developed in the middle of last year.
Advisers will be instrumental in breaking down 401(k) costs for plan sponsors; investment fees to be an “eye-opener”
The addition of college target date funds will give American Funds' $33 billion CollegeAmerica 529 Savings Plan a similar menu of options as other 529 plans, the majority of which already offer advice-embedded products.
The U.S. and certain emerging markets are the best places to invest right now, according to Pimco's Mohamed El-Erian, but not without some risk
New data shows that younger clients get larger trading discounts than older ones, are less profitable -- and are more likely to dump their advisers. Your move.
There are at least three channels through which Greece's troubles could spread throughout the Euro Zone; and the difficulties in Europe would likely have a substantial impact on the U.S. and global economies.
The Great Recession has put a great big dent in many retirement plans. Downsizing may be key, but a whole lot of boomers will have little choice but to stay on the job after the age of 65.
Interest rates to remain low for a very long time, predicts nobel laureate; 'we're all looking like Japan'
Repo loans would provide a more accurate reading of the cost of borrowing money
The Charles Schwab Corp.'s plans to offer financing for financial adviser succession plans is putting pressure on other custodians to do the same, observers say
