Money Management Executive Latest News

In the second part of his interview with Money Management Executive, Menard expands on the firm’s strategy toward product innovation and what business it won’t pursue.

Holdings in gold-backed ETFs rose 7.6 tons to 1,947.9 tons on Wednesday, the highest level since September 2013.

Neil Menard, group president CNL Capital Markets and president of CNL Securities, said that there is still much industry uncertainty about managing change.

The acquisition enables Zurich-based GAM to introduce a computer-driven trading system focused on long-only and alternative strategies, the fund manager says.

The reductions will save current investors about $20 million annually, the firm says.

The five worst-performing major equity funds -- each of which lost about 10% -- focus on international investing and hold anywhere from 12% to 20% of their assets in bank stocks.

How technology, the popularity of defined contribution plans and increased competition from ETFs have transformed the way fund companies sell their products to investors and advisers.

Asia’s equity markets were the first to suffer through a Brexit-fueled rout.

As the U.K.’s historic vote to leave the European Union jolted markets around the world, investors responded with a mix of shock, fear and excitement.

LPL Chief Information Officer Victor Fetter discusses the firm's digital strategy and provides insight for every asset management firm.