Mr. Putnam was a key architect in the early days of the firm, overseeing its tremendous growth.
Small fund companies may have to pivot, by embracing a niche specialization or redirecting sales forces toward new distribution channels.
Broker-dealer groups endorse the change, saying it would put them on a level playing field with investment advisers.
Consumers want products that offer peace of mind and make it easier to manage a budget in retirement.
The House Republican approach kills investment-income levies, but the breadth of coverage could shrink.
Just as advisers are obligated to fulfill fiduciary duties, elected officials are similarly obligated when it comes to public policy.
Treasury market brokerage buys asset management, family office units outright.
The lawsuit alleges that half of the 401(k) plan's investment options were affiliated with J.P. Morgan.
Some retirement plan advisers see providers' compliance moves as potential competition.
Three-year scheme by Massachusetts man based on bogus bank transfers.
Three new portfolios from Motif Investing promise to refund a monthly subscription fee for underperformance
Replaces Bob Oros, who departed in January.
Reborn once before, it's beset with debt problems, reports The Wall Street Journal.
Ariel Investments wins trademark suit against small Florida RIA with same name.
Division bulked up under Mary Jo White, but is already curtailing expenses as it awaits new budget
Resolutions to overturn the rules only require a simple majority to pass, and aren't subject to a Senate filibuster
Frank H. Black and his firm, Southeast Investments N.C. Inc., failed to retain business-related emails and to achieve compliance with applicable securities laws, according to the Finra panel's decision.
