Harvard Management, which runs the university's $18 billion endowment, is the largest shareholder of the Templeton Dragon Fund and the Templeton China World Fund. Unsatisfied with the funds performance, Harvard wanted to stop Templeton as investment advisor last year (see MFMN 2/10/03). Templeton sued Harvard this January for alleged violation of security laws. Harvard countersued Templeton for what it claimed was breach of fiduciary duty.
It's that time of year again! Here's how to nominate a colleague — or yourself — for Financial Planning's annual Rising Star awards.
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.
