According to the SEC, Ambassador Advisors generated at least $777,000 in fees by investing in 12b-1 share classes when other share classes were available for the same mutual fund.
Instead, retail investors are moving toward buying mutual funds and ETFs, which have roughly doubled their holdings of municipal securities over the last decade.
The tool will help participants in the firm's SmartRetirement funds withdraw a portion of the money they have invested each year after they retire.
The results from the most recent InvestmentNews survey shows sentiment is turning south.
Vanguard was forced to sell as much as 15% of the assets in retail target-date funds, resulting in substantial capital gains taxes for investors who held the funds in taxable accounts, the lawsuit asserts.
KraneShares CSI China Internet Fund slumped more than 11% Monday, bringing its decline over the past three days to 28%.
The firm's applications related to the DoubleLine Opportunistic Bond ETF and the DoubleLine Shiller CAPE U.S. Equities ETF have been granted 'effective immediately.'
Every ETF focused on Russian stocks will soon be suspended, a kind of shutdown that never resulted from previous events like the Arab Spring or even Covid.
The regulator is assessing the risks that may arise when retail investors purchase complicated investments without the help of a financial adviser.
Fidelity tops all fund companies with 35 individual fund trophies; Carillon Tower Advisers wins the small-company fixed-income award for the second straight year.
Retail investors can now benefit from the inside scoop right along with the 18-term U.S. representative.
Strong inflows into its exchange-traded funds so far this year, coming on top of its record-shattering $328 million haul last year, put Vanguard on course to surprass BlackRock as the largest ETF manager within the next two years.
The index-based strategy, which has been described as 'baby steps' into the crypto space, will not offer direct exposure to digital currencies.
While the S&P 500 Index has fallen 6% so far this year, some exchange-traded funds that focus on the oil sector have surged.
One ETF will focus on fixed income, three will invest primarily in U.S. equities, and two will be devoted to global stocks.
Hundreds of comments have been published online in the past two weeks, after Grayscale Investments launched a media campaign encouraging the public to weigh in on a Bitcoin ETF.
Clients are demanding access to digital assets. But how — and when — will brokers be able to sell them?
As private equity pours cash into wealth management, financial advisers should be exposing clients to private equity investments.
Purshe Kaplan Sterling allowed its agents to conduct thousands of transactions involving the complex products as investment adviser reps for another firm.
The Pioneer Global Sustainable Equity Fund will invest at least 80% of net assets in ESG-friendly holdings.
