BOSTON — Just because the Enron Corp. and market-timing scandals have led to greater disclosure requirements doesn’t mean that some mutual fund companies aren’t still burying some doozies in their regulatory filings, according to Russel Kinnel, director of mutual fund research for Morningstar Inc.
Focus Financial Partners LLC, barely a year old, purchased majority stakes in three more independent fiduciary wealth management firms last week — increasing its roster of firms to nine and tripling assets under management to $15 billion.
A California court ruling late last month may make it easier for states to sue financial firms, according to legal experts.
A congressman who raised eyebrows last month when he seemed to imply that annuities are the answer to the need for lifetime retirement income claims he was misunderstood.
WASHINGTON — As Americans feel more stressed out over the erosion of corporate benefits and the solvency of social benefits programs, such traditional economic indicators as gross domestic product growth and household income are becoming less correlated to their perception of the economy’s well-being, according to a recently released study.
Merrill Lynch & Co. Inc. continues to lead the wirehouse race for net new client assets.
When it comes to Putnam Investments, it is the performance — not the parent — that matters, financial advisers say.
As the Department of Labor puts pressure on advisers to make 401(k) fees more transparent, some financial advisers are refunding fees to participants that they are being paid from mutual fund companies.
Real estate investment trusts that focus on office properties and those investing internationally will continue to show strong performance this year, even though REITs overall have outperformed the broad market for the past seven years, according to industry experts.
The securities arbitration system should be reformed or else investors should be given the option of taking their disputes to court, according to a group that represents state securities regulators.
