A handful of money managers have placed incentive fees on some of their funds, but inherent flaws and an unproven track record are enough to give advisors pause
Curtis Teberg, market historian, former broker and portfolio manager of the tiny $35 million Teberg Fund in Duluth, Minn., is betting on a monster rally in the stock market during the 15-month midterm election cycle
On Thursday, the NASD slapped a small independent broker/dealer with a $50,000 fine and sanctions for overcharging more than 1,500 customers who decided to follow their brokers to another firm. McLaughlin, Piven and...
The biggest asset-management deal in history officially closed today. BlackRock, the nation’s third-largest bond fund manager, said it has completed its takeover of the asset-management arm of Merrill Lynch; the...
Merrill Lynch announced Monday that it has elected two new members to its board of directors, one of whom is a British human rights activist. The move, effective on Oct. 1, is likely geared toward alleviating some of...
David Tyrie, head of Putnam's retirement services unit, works directly with 401(k) sponsors and financial advisors. We sat down with Tyrie to get the latest dispatch from the front lines. Registered Rep.: What type of...
If you're thinking of steering your clients into life-cycle funds, be sure to kick the tires first. With more and more asset managers rolling out life-cycle funds — funds pegged to an investor's specific...
MFS Investment Management, long rumored to be on the auction block due to lagging profit margins, middling performance and increasing regulatory demands, could be mere days away from a blockbuster merger with another...
Merrill Lynch launched on Wednesday a new “wealth management center” in New York, as part of a larger effort to capture market share in the ultra high-net-worth advice business. The move is consistent with what is...
