A former financial adviser and registered representative who reportedly hid his criminal past by using a dead infant's identity pleaded guilty last Thursday to several fraud charges.
Investors in the Schwab Charitable Fund national donor-advised offering now have more investment choices.
Low-cost mutual funds make up most of the assets in 401(k) plans, according to a study released yesterday by the Investment Company Institute, a Washington-based industry trade group.
Sun Life Financial today reported a 13.8% gain in net income for the second quarter, compared with the same period in 2008.
Although advisers are all over the map when it comes to predicting the longevity of the economic downturn, most have adjusted the way they do business because of it, according to a recent industry survey.
Assets of money market mutual funds declined by $215 billion, or 6%, in the second quarter, according to Crane Data LLC, a Westborough, Mass.-based research firm.
Natixis Global Associates, in conjunction with the AlphaSimplex Group LLC, has launched a multistrategy absolute return fund, Natixis announced today.
Mutual fund assets are on the rise and as a result, investor fees may not go up as much as analysts had expected, according to Chicago-based Morningstar Inc.
With major equity indexes soaring past their high-water mark for 2009, advisers now seem to agree that the markets have hit their bottom. How long they will continue in positive territory, however, is up for speculation.
Investors are flocking to emerging markets with the anticipation of hefty returns, though analysts doubt that the performance will last.
