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On May 3, two mutual fund groups vocied their concerns over the SECs money market fund proposals.
May 3 -
Mutual funds that invest in domestic stocks have been an object of scorn.
May 3 -
Investors delivered yet another blow to U.S. stock mutual funds, pulling an estimated $1.60 billion from the funds the week ended April 25. The outflow comes on top of the blockbuster $8.68 billion that was withdrawn from the funds a week earlier.
May 2 -
The Dow Jones Industrial Average closed off 10.75 points at 13,268.57 Wednesday but tech stocks helped the Nasdaq pick up 9.41 points to finish t 3,059.85.
May 2 -
On May 2, 2012, Schroders made a trio of new hires for its fixed income unit.
May 2 -
On May 2, 2012, Boston Financial hired a former DST sales executive.
May 2 -
On May 2, 2012, PIMCO revealed that its flagship fund hit a new milestone.
May 2 -
Meet the 2012 Top 20 Program Managers. We considered four factors in this years ranking: growth in team production; growth in team assets; average production per advisor and number of FAs the manager oversees. Our next issue will include all the data points as well as bios. In the meantime, enjoy the slide show and congratulations to the winners. Plus, heres a link to last years winners. And, heres a link to 10 who just missed this year's list.
May 2
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On May 2, 2012, Financial Planning reports that asset managers are using social media, but not seeing increased sales.
May 2 -
Despite a 10% drop in the total number of broker-dealers in the past five years, the total number of reps industrywide has fallen a correspondingly negligible amount.
May 2
