Money Management Executive Latest News

Paul Roye

Theodore C. Sihpol III

The Securities and Exchange Commission is expected to require greater disclosure of fees and payment arrangements by brokerage firms. UBS Wealth Management USA is one firm that is leading the pack by introducing such documents to its clients now, the Wall Street Journal reports.

Fidelity Investments' changes in its high-level management structure may have the welcome effect of upgrading the quality of analyst research, according to a report by Russ Kinnel, director of mutual fund research for Morningstar. The decision came as the result of sluggish performance in some of the company's domestic equity funds, with the structure of the research analyst unit playing a significant role, Kinnel opined.

Global Capital Management, Inc. (GCM) replaced Schneider Capital Management as sub-adviser to the Quaker Mid-Cap Value Fund on Wednesday. Schneider Capital cited its plans to focus on its institutional business as its reason for stepping down.

Paul Schaeffer, managing director of Strategy & Innovation at SEI Investments has a few words for those folks who think the growth curve in the investment management industry has reached its apex: you're not looking nearly close enough.

As retirees gear up to take money out of their 401(k) plans, mutual fund companies will have to look for other sources to drive asset inflow, says Boston Globe columnist Steven Syre.

Headlines this morning indicate that the investigation into directed-brokerage trading practices at vaunted Fidelity Investments has moved to the Federal level. The Department of Justice and the U.S. Attorney General Office are now looking into the nature of gifts bartered from brokerage firms to Fidelity's main trading desk.

An equity mutual fund run by Britain's Standard Life Investments took first place in the performance rankings for UK-registered funds, according to a report issued by Lipper on Wednesday.

Julius Baer Investment Management said on Wednesday that it plans to launch the Julius Baer International Equity Fund II, a new no-load fund that will seek long-term growth of capital by investing in shares of mid- and large-capitalization companies internationally.