Andrew Shilling

Direxion’s Rob Nestor and David Mazza discuss hiring and compensation strategies, ETF space developments and the rise of robos.

Name changes are coming to 94 of the firm’s long-term mutual funds.

Those who fail to meet the cutoff face a penalty equivalent to 50% of their required minimum distribution.

“Just like equities, last year was a volatile year and the fourth quarter of 2018 did a number on the returns of risk assets,” an expert says.

A higher standard deduction makes itemizing deductions less valuable.

Despite the weakest one-year performance, these funds had double-digit annualized returns the past three years.

The regulator is looking into whether brokers made appropriate share class recommendations for the plans as a result of the new law.

Home to more than $249 billion, these funds have expense ratios more than 20 basis points higher than the industry average.

Changing filing statuses and maxing out deductible contributions to IRAs and HSAs are some ways clients received bigger reimbursements.

The new product is expected to be the lowest-cost in the category.