Advisers are looking to the DOL for guidelines about how to handle revenue-sharing funds that could be refunded to plan sponsors in 401(k) plans.
The new tax, slated to go into effect on Dec. 1, applies to 23 services deemed by proponents to be non-essential.
The private-equity fund will invest in China, South Korea, Singapore and Taiwan as well as Japan, India and Australia.
Advisers are said to be baffled about how much information should be passed on to participants in 401(k) plans.
Investors' increasing appetite for ETFs and alternative investments is sapping money from stock funds — a trend that some say could last for several years.
Envestnet Asset Management Inc. has much to gain and little to risk in reviving its PMC brand name.
The United States has one of the most mobile work forces in the world.
The number of mutual funds receiving the highest possible stewardship grades from investment research provider Morningstar Inc. dropped, while the number receiving the lowest grades increased as a result of the company's Sept. 25 revision of its grading system to impose new, tougher standards.
