- Money Management Executive
Liberty Funds Distributor of Boston on July 17 will rename each of its more than 50 funds sold through advisors to include the Liberty name.
July 3 - Money Management Executive
John Hancock Life Insurance Company of Boston has formed three new mutual fund and annuity distribution partnerships, each expected to bring in more than $25 million a year, according to Tim Waterworth, a vice president at John Hancock's financial institutions group.
July 3 -
Waddell & Reed of Overland Park, Kan., will add two new share classes to its Waddell & Reed fund family in order to target supermarkets, 401(k) plans and wrap programs, the company announced last week.
July 3 -
A bill introduced in the House of Representatives would exempt from federal taxes up to $3,000 in mutual fund capital gains fund investors must accept even though they have not sold their fund shares. For investors filing joint returns, that exemption would be doubled to $6,000.
July 3 - Money Management Executive
Jack Caldwell, president of AIM Fund Services of Houston, the transfer agent subsidiary of AIM Management Group of Houston, retired June 30, after 36 years. Tony Green, previously senior operations officer, is assuming Caldwell's position.
July 3 -
The SEC's final privacy regulation substantially departs from its initial proposal and allows fund companies to issue shorter, more general privacy statements than they originally would have had to, industry attorneys said.
July 3 -
The SEC is considering delaying revisions to the principal form investment advisors must file concerning their business practices because of objections raised to the proposed revisions.
July 3 -
The SEC has proposed new rules to protect auditor independence that will place new responsibilities on mutual fund companies.
July 3 - Money Management Executive
As British fund investors evaluate their investment options in one of the many fund supermarkets springing up in the U.K., they will increasingly rely on performance figures to make their choices, according to industry analysts.
July 3 - Money Management Executive
The burgeoning state-sponsored college tuition savings plan market is beginning to attract the interest of mutual fund companies.
July 3