Jean-Marie Eveillard, the prominent mutual fund portfolio manager, will remain with the SoGen Funds of New York for at least five years despite Eveillard's sale of his interest in the fund group. Eveillard and Societe Generale Asset Management of Paris are selling the SoGen Funds' investment adviser - Societe Generale Asset Management Corp. of New York - to Arnhold and S. Bleichroeder of New York. Eveillard, who owns about 20 percent of the fund adviser, has signed an employment contract to remain with the fund group as the person primarily responsible for its day-to-day management, according to a proxy statement the funds filed with the SEC Oct. 22. In addition, Arnhold and Bleichroeder will pay Eveillard for his stake over approximately seven years, the proxy statement said. The purchase price for the firm was not disclosed.
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August is National Make a Will Month, but advisors say it's important to urge clients year-round to secure their wishes by keeping wills and estate plans fresh.
August 14 -
Women are projected to receive more than $100 trillion in the so-called great wealth transfer. But their planning needs can differ from men's.
August 14 -
Web designer Bonfire Studio asked ChatGPT for advisor recommendations in five metro markets. The results give advisors more reason to tend to their online presence.
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With trillions on the table, advisors who know how to start conversations with clients' heirs risk losing far less than those who don't.
August 13 -
Retirement savers often don't realize what they're paying in fees or how much they can lose by leaving rollover cash uninvested, but advisors can help on both fronts.
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A succession merger deal that was nearly 10 years in the making at Nebraska-based Prairie Wealth Advisors offers a lens into the many factors involved with the wealth management industry's looming financial advisor retirements.
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