The mutual fund industry’s powerful trade group is stepping up its support of financial advisers.
BOSTON — Sen. Barack Obama took in at least $49,185 from employees of the 20-largest U.S. mutual fund groups and related companies in the first quarter, more than any other 2008 presidential candidate.
The booming wealth management business has spawned a thriving cottage industry: financial-literacy courses for wealthy families and their children.
BOSTON — Nearly three and a half years after PBHG Funds’ founders were charged with fraud, checks have started going out to mutual fund investors wronged by the alleged trading abuses at their former firm.
OTTAWA — While a bidding war goes on for BCE Inc., InvestmentNews learned last Tuesday that the Montreal-based telecom giant is under investigation by Market Regulation Services Inc. for a misleading, possibly fraudulent, press release.
CHICAGO — Even though tax season just wrapped up, financial advisers and tax specialists say that it isn’t too early to help clients try to avoid the alternative minimum tax for 2007 returns.
Helping Wall Street firms to look more like the American public they serve is the idea behind a new internship program designed for students who attend historically black colleges and universities.
PHILADELPHIA — It is a message he has delivered many times before, but industry experts said John C. Bogle’s continued assertion that bond funds on average are too expensive deserves special attention in the current market.
The Hartford Financial Services Group Inc. announced today that earnings rose 20% in the first quarter to $876 million, from $728 million for the same period a year earlier.
