By now, the merits of asset and stock diversification in a retirement portfolio are well established, but what about tax diversification?
Summit Mutual Funds’ Gary Rodmaker, in tuxedo and bow tie, was quite a sight rounding Manhattan’s Columbus Circle in a bicycle taxi on his way to accept a trophy at last month’s Lipper Fund Awards 2007.
The stock market has remained unsettled since the big plunge of Feb. 27, but many financial advisers report few worries, attributing their well-being to the risk management inoculation they have given their client portfolios.
The structured-products industry is taking its message directly to consumers with coordinated marketing and educational efforts designed to demystify the often-complex, intermediary-sold alternative investments.
Congressional members on both sides of the aisle are looking at using the alternative minimum tax debate to lead the way to a plan for tax simplification.
The U.S. Court of Appeals for the District of Columbia Circuit on Friday overturned the Securities and Exchange Commission’s broker-dealer exemption rule in a 2-1 decision.
Passive investing is gaining favor among wealth managers, according to bankers, vendors and industry consultants.
A federal judge last week ordered NASD and the New York Stock Exchange to supply an initial batch of documents to a broker-dealer that sued to stop the proposed merger of the organizations’ regulatory units.
NASD will put increasing emphasis on “principles based” regulation rather than “one size fits all” rulemaking, even as it concedes that such a move could confuse many in the brokerage industry.
BOSTON — Fidelity Investments, the biggest U.S. mutual fund firm, plans to merge Fidelity Advisor Korea Fund and Fidelity Nordic Fund into two larger, more diversified funds in an effort to provide less volatile returns for fund shareholders.
