This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.
Reeling from its mortgage-related problems, UBS AG posted a net loss of $10.97 billion for the first quarter.
A whopping 79% of Americans believe that the United States is in a recession, a poll released today suggests.
Target date mutual funds, long criticized for being too conservative to meet their goals, are now being taken to task for taking on too much risk.
The mutual fund industry is facing waves of baby boomers who will retire and a volatile market that has scared many investors, but nothing has the potential to affect the industry more than a Securities and Exchange Commission review under way of Rule 12(b)-1.
In a move clearly aimed at luring breakaway brokers, Fidelity Investments is about to take the wraps off a program intended for brokers who are dually registered as investment advisers.
With some 90 million investors and more than 44% of American households owning mutual funds, the fund industry has continued to grow significantly in spite of weathering more than a few storms in the last decade.
Staff members at the SEC will recommend that 12(b)-1 fees be broken into at least two parts.
A hypothetical adviser I'll call Jim French was excited to implement new financial planning software his firm had introduced.
One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
