Edward Jones is launching a proprietary fund. The bigger question is why?
Fees eliminated altogether for large accounts as part of a rebranding of the funds to make them more attractive to advisers.
A complete, real-time picture of a client's assets is critical for advisers to successfully retain clients, increase assets under management and attract new clients.
Today's Breakfast with Benjamin includes: Goldman's stock market call, a closer look at Fed policy, lawyers pick apart Volcker rule, retailers and cyber security, combining IRAs, and how not to ignore your client's wife.
Breakfast with (<i>InvestmentNews</i> senior columnist Jeff) Benjamin: Going back to basics with bond funds; breaking down the jobs report; Wall Street confronts a big mortgage settlement; Chinese exports falter; the polar vortex and natural gas prices; and retailers' bad holiday season.
After struggling for years in the wake of the 2008 financial crisis, Improved performance and a rising tide is helping American Funds reverse years of outflows.
The fund giant also eliminating the $10K minimum investment required for advisers and institutions to qualify for Admiral Shares of 14 index funds.
Index champ has $652 billion in actively managed mutual funds.
Today: What hedge funds fleeing the market means. Plus, buck up, investment banker bonus week is here; building your own mutual fund; clean energy stocks; getting the most out of Siri; and more.
The demand for liquid alternatives has never been higher, and it is drawing in a pack of money managers who are all vying to be leaders of the pack.
The Miller Income Opportunity Trust, to be run by the famed Legg Mason money manager and his son, seeks high income from a “wide array of sources” by identifying “mispriced” investment opportunities.
Today: How Pimco misread the Fed's tapering plan, plus: Gold starts to shine, the dollar rallies and ETFs are on track to overtake hedge funds. Also: Oops, Obamacare forgot to include an option for adding babies to insurance.
Investors are dumping gold-backed exchange-traded products at the fastest pace since the securities were created a decade ago, mirroring the steepest price drop in 32 years.
Domestic equities have been the place to be since the financial crisis ended almost five years ago, but with head winds starting to mount in the U.S., investors may be better off on the other side of the Atlantic, says Chris Alderson, president of T. Rowe Price International.
The SEC has charged a fund firm with misleading shareholders about adviser fees. The action is the latest in the commission's crackdown on mutual fund boards and their fee arrangements.
Portfolio manager who helped feds must pay $390K, will do no prison time.
2014 could be a good year for mortgage REITs and here's why. Plus: Which housing markets are vulnerable to rising rates, gold-mining stocks for the truest gold bugs, an ETF end zone dance, social media apps took over in 2013, and more proof of Obamacare bumbling.
Turned $100,000 in seed money in 1958 into the $141 billion money management powerhouse.
Fidelity Investments, the world's second-biggest mutual-fund company, said Ramona Persaud on Jan. 1 will take over management of two dividend growth funds that collectively manage almost $10 billion.
