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The Securities and Exchange Commissions custody rule governing investment advisors custody of client assets imposes various requirements and, in turn, costs on investment advisors, who often need to hire independent accountants to conduct surprise examinations, according to a new report by the Government Accountability Office.
July 9 -
Newly-formed mutual fund shop New York-based Wavelength Capital Management is looking to catch the mutual fund wave with its own proposed offering, dubbed the Wavelength Interest Rate Neutral Fund.
July 8 -
It may be difficult to resist, but responding to emotionally charged emails instead of initiating a verbal discussion can be a slippery slope. Not only can it harm relationships, it tends to be a distraction from what really matters write Dave Grant.
July 8
Retirement Matters -
John Hancock today announced a new management fee breakpoint for the John Hancock Global Absolute Return Strategies Fund (JHAAX) and a decreased breakpoint in the management fee schedule for the John Hancock Sovereign Investors Fund (SOVIX).
July 8 -
Third-party money manager CLS Investments announced the launch of a new multimedia educational initiative for financial advisors on Monday.
July 8 -
Greenwich, Conn.-based AQR Capital Management is currently prepping to launch another alternative mutual fund to add to its growing family.
July 8 -
Christine Carolan has been appointed by Mercer Investments to the role of Investment Director for the Western region of the U.S.
July 8 -
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Global exchange-traded funds and exchange-traded products last month experienced outflows for the first time in two years losing $3.98 billion.
July 8 -
Total assets in municipal bond funds rebounded after a week of record outflows, even as investors continued to redeem their cash for the sixth week in a row.
July 8
