The Department of Labor's fiduciary rule prohibits individual IRA investors from participating in initial public offerings with the assistance of their financial adviser.
It's no different than comparing stocks to bonds.
Plus: Investors think the Fed will hike in December, here come the boring post-DOL portfolios, and now is a good time to ask for a raise
Plus: Buffett's way ain't easy, how we survived Black Monday October 1987, and Bob Dylan is being Bob Dylan
Plus: Revisiting the Janus-Henderson marriage, don't chase that record-setting IPO, and Curt Schilling aims to strikeout Elizabeth Warren
The category has had a strong year, but that doesn't scare some financial advisers.
Plus: Gold prices tilt toward a December rate hike, a new look at the 4% retirement rule, and big league pensions
Plus: Warren Buffett thumps Donald Trump on taxes, Russia drives energy ETF rally, and Ken Bone and his famous red sweater
Moody's says the sector is both vulnerable and attractive to those seeking to disrupt the national grid
Asset manager cuts expenses on nine mutual funds, after a string of ETF fee cuts by Charles Schwab and BlackRock. <b><i>(Related read: <a href="//www.investmentnews.com/article/20160628/FREE/160629906/fidelity-takes-on-vanguard-by-cutting-prices-on-index-funds-etfs"" target="”blank"" rel="noopener noreferrer">Fidelity takes on Vanguard by cutting prices</a>)</i></b>
Index tweak forces ETF providers to get creative.
Plus: The SEC's fuzzy enforcement rules, a fighting chance for active management, and the worst part of being rich
The deal creates a global active management complex with $320 billion under management.
The German bank's riskiest bonds also declined after a media report said the German government wouldn't step in to back the lender, fueling investor concerns about its weakened finances.
First post-merger mutual fund already filed.
Expanded distribution, consolidation and some lower fees expected.
A new paper claims that a lot of the gains reaped by the legendary managers over time were, in theory, available to anyone using a handful of buy-and-sell signals.
Online brokerage said to attract interest from rival TD Ameritrade.
Plus: BlackRock applies more low-fee pressure, the fallout from the falling pound, and don't work where you don't belong
Some fund share classes could be on the way out, according to a new report from S&P Global Market Intelligence.
