Many brokers already have abandoned the class in favor of A shares, which are believed to be more advantageous for those investors who intend to hold onto assets for a shorter period of time but who may be making a larger investment. Although fees on B shares taper off after a period of years and A shares charge upfront fees, A shares offer discounts for large purchases.
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Despite ongoing concerns over geopolitics and more, many advisors said they would increase allocations to foreign equities over the next few months.
Michael Outlaw, the recently named president of Rockefeller Global Family Office, says family offices are defined more by the services they offer than by their relationships with wealthy families.
The partnership between the long-established bank and the fintech brokerage will handle the development of the government-owned account platform behind the new government-seeded retirement accounts for children.
FINRA and consumer advocates are raising alarms about online scams that are driving fraud losses into the hundreds of billions of dollars.
The Trump DOL has said it "has no current plans" for further rulemaking, but that contradicts its own notice of potential regulation last year.
The 10 states that offer the best return for residents' tax dollars.
