Money Management Executive Latest News

Edward D. Jones has revealed that revenue-sharing generated $82.4 million for the firm last year. The Securities and Exchange Commission acknowledges that revenue-sharing fees are legal but says the practice should be disclosed to customers.

Amid a falling dollar and a cloudy investment environment, domestic equity funds will return modest gains between 2% and 10%, according to Lipper.

JPMorgan Names Leary To Oversee Compliance

Web sites that provide an array of information to would-be 529 plan investors are focusing more and more these days on pairing financial planners, advisers and registered reps to those investors.

Separately managed accounts are poised to continue their growth spurt in 2005, as assets are projected to rise to $718 billion by the end of the year, according to industry trade association Money Management Institute. With assets at $535 billion as of early November 2004, that would mark a 34% increase in assets in the coming year.

The holiday season put a pinch on the fund business in December, as net inflows were off by nearly half versus November.

Two more traders have left Fidelity Investments amid an ongoing investigation into whether its employees received lavish gifts and entertainment from brokers looking to secure a share of the fund company's massive trading business, according to the Boston Globe.

The Pax World funds, which pioneered the concept of "socially responsible investing," has admitted that market timing occurred at one of its mutual funds, the Chicago Tribune reports.

Discount brokerages increasingly aren't deriving a major portion of their revenues from traditional trading commissions, but from businesses related to banking and mutual funds, BusinessWeek reports.

A mutual fund that pays a brokerage firm to be on the firm's "preferred" group of investments list may receive up to 10 times the amount of money as a fund not listed with the brokerage firm, according to new research from Cerulli Associates.