BrightScope's new Advisor Pages allows reps and planners to connect with potentially vast numbers of prospective clients. It also highlights rules infractions and formal complaints lodged against advisers.
Despite months of legal wrangling with his former employer, TCW Group Inc., it appears that Jeffrey Gundlach's move to start his own firm is paying off
Melding of two acquired units would create seventh-largest ETF provider; 'scale business'.
Given the months of controversy surrounding his role as an activist investor with The St. Joe Co., a real estate developer, iconic fund manager Bruce Berkowitz isn't so sure that he wants to play that part again.
Rumors are swirling that Legent Clearing LLC is about to be bought by private-equity investors — just months after a previous attempt to buy the firm failed.
Bruce Berkowitz is an icon in the fund management world. His flagship Fairholme Fund led its category for ten-year peformance. But things haven't gone so well of late for fund manager or fund, which is hemorrhaging assets. A newly announced SEC investigation of St. Joe, a company Berkowitz runs, isn't going to help matters.
Investors' wariness of equities is prompting some mutual fund companies to expand their menu of offerings to include more bonds and alternative investments
But alternative-energy shares getting a boost from renewed fears about atomic energy.
Apparently, the GOP is not so keen on the SEC's plan to let the net asset value of money market funds drift, rather than remain at a constant $1 per share. Fund firms are no doubt happy to hear it.
Financial advisers who think their millionaire clients would prefer sit-down meetings instead of e-mails or text messages may need to do a rethink.
