As high fees, fat profit margins and the ability to maneuver in ways more regulated vehicles cannot draw especially talented money managers to he hedge fund industry, those left managing mutual funds are not as successful or worth it for investors, a Forbes columnist recently charged. “The typical mutual fund manager is an average Joe or Jane, whose assets are smaller, The small investor has less room for error and he or she tends to know little about investments,” writes Laszio Birinyi, Jr., president of
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In separate cases, two federal judges found that neither Wells Fargo nor LPL had a fiduciary obligation to look for clients' best interests with uninvested cash held in brokerage accounts.
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Even after accounting for income, Black Americans still trail in retirement savings, according to a recent EBRI study. Advisors point to a mix of historic and systemic barriers that make the gap hard to close.
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With a geographically spread-out workforce, Nate Byers of Calculated Wealth recognized the need to invest in defensive measures to keep client data safe.
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Lack of communication can breed conflict, but offering an outside perspective can smooth over family conflicts.
July 1 -
The deal to buy Natixis' overlay management services comes amid a general push by the St. Louis-based firm to broaden its appeal to HNW clients.
July 1 -
The momentum is clearly accelerating behind registered investment advisory firms, but every individual team's choice requires careful consideration.
July 1