Holding true to Marketocracys mission of creating an amateur-run family of funds, the new product will pick stocks using the investment insight of amateur investors. Although Ken Kam, the firms co-founder, will manage The Masters 100 Fund, he will select stocks for the fund from a series of investor-run virtual portfolios listed on the firms Web site.
As of the end of the second quarter, Marketocracy held approximately $33 million in fund assets, according to the firm.
Sixteen advisors argue the megabank owes them more than $270 million over false promises they were made when being recruited.
Social Security is still drifting toward insolvency, according to the program's board of trustees. Here's how to reassure worried retirement savers.
Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.
An M&A deal brings a fourth office location to the ambitious firm launched in 2019 by Jason Ray and Chelsea Ransom-Cooper.
The advisory landscape is shifting as robo advisors are trending out, thanks to AI as the "next big thing" in wealth management. But that doesn't mean AI will make robo advisors obsolete.
For the third straight month, retirement advisors have lost confidence in the economy — and many blame the central bank.
