Fremont Funds of San Francisco has decided to waive its $2,000 minimum for taxable accounts and $1,000 minimum for retirement accounts for the Fremont U.S. Small-Cap Fund. The company said it was granting the waiver, through September 30, so that investors seeking to diversify their portfolios would have greater access to one of the top performing funds in the U.S. small-cap sector. The fund returned 10.82 percent in 1998, according to Lipper.
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.
Most financial advisors and their clients are well aware of the in-progress great wealth transfer. But they also admit they're not ready for it.
The LPL–Commonwealth megadeal set off a two-sided scramble. As LPL fought to retain advisors and assets, rivals raced to poach both.
Andy Leung's targeted approach to finding clients on LinkedIn is bringing in warm and even hot prospects at high rates as he builds his niche.
A proposed Labor Department rule could ease the path for alternative investments in 401(k)s, but advisors may face new due diligence and communication challenges.
