Federated Investors, a leading investment management firm that manages about $103 billion in assets in more than 150 mutual funds, is opening a new bond fund. The Federated Ultrashort Bond Fund will seek higher yields than money market funds. It will invest in a variety of short-duration debt securities, government bonds and mortgage- and asset-backed bonds. The fund's initial net asset value will be $2 per share.
New research from the National Council on Aging found that wealth plays a major role in longevity, a factor financial advisors say can dramatically alter retirement plans.
Advisors cited better liquidity, lower expenses and higher tax efficiency as among the reasons they like ETFs, the market for which has topped $11 trillion.
JPMorgan Chase's absorption of First Republic after the 2023 regional banking crisis has finally dealt its last blow to the giant custodian's asset flows.
The findings suggest that "crises, behavioral biases and interpersonal conflicts are not fringe topics but core aspects of modern advising," the authors of a study say.
The question ties into so many of the factors that distinguish large and small firms, various client niches and decisions about whether or not to hire staff.
Along with bringing in new households and assets, the Bank of America wealth management units are turning to loans, alternative assets and other offerings to do more with existing clients.
