It's been a busy few days for Ameriprise Financial. Earlier this week, the firm, along with subsidiary Securities America, lined up an agreement with lawyers representing investors who got burned in Reg D offerings. And today, it appears the company is on the verge of acquiring Grail -- and moving into the actively-managed ETF space.
Putnam Investments has launched an online tool that enables its financial adviser clients to evaluate more than 10,000 mutual funds using up to 60 different criteria. Next month, advisers also will be able to compare up to 1,100 exchange-traded funds using the Fund-Visualizer tool
Investors are shorting commodities, a sign that the sector's rally may soon be over.
Finra claims Pinnacle Partners is continuing to mislead potential investors about oil and gas private placements – even though the firm has already been hit with a cease-and-desist order. The firm's boss, however, denies all charges lodged by the industry regulator.
Purchase of ETF firm vaults Ameriprise unit into 'big player' in actively managed fund space.
Despite billion of dollars in outflows, American Funds is the most popular fund group among independent broker-dealers, according to a survey conducted by <i>InvestmentNews</i>.
It says a lot about 2010 that Pacific Investment Management Co. LLC ranked among the highest in sales in each of the three adviser distribution channels: wirehouses, regional and independent broker-dealers, and RIAs.
If firm doesn't find buyer, it may be forced to shut down some funds; potential purchaser said to be marquee name
Steve McGuinness, a nineteen-year veteran at Goldman Sachs, is the latest top exec to bolt from the bank's asset management unit.
