Amvescap is now asking shareholders to also allow AIM to become the investment advisor and administrator for both fund families. In addition, Amvescap is asking shareholders to restructure some of the AIM series funds as Delaware statutory trusts. The proposal would bring all of AIMs and Invescos back-office operations under Amvescap, and result in funds that overlap being merged. The shareholder meeting is scheduled for Oct. 21.
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Advisor360° names former MassMutual exec Mike Fanning as its new CEO
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Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
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The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
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Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
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Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
10h ago -
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
11h ago