John Hancock Funds of Boston wants to reclassify its real estate fund as a sector fund. The fund's directors are asking shareholders to approve a change that would move the fund from the growth and income category, according to a preliminary proxy statement filed with the SEC Aug. 13. The proposal does not propose a change in investment strategy. If shareholders approve the change, John Hancock plans to offer the real estate fund in a consolidated prospectus which includes all John Hancock sector funds. John Hancock believes including the real estate fund in the consolidated prospectus will increase sales, according to the filing. A vote on the change is scheduled for Oct. 13.
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With trillions on the table, advisors who know how to start conversations with clients' heirs risk losing far less than those who don't.
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Retirement savers often don't realize what they're paying in fees or how much they can lose by leaving rollover cash uninvested, but advisors can help on both fronts.
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A succession merger deal that was nearly 10 years in the making at Nebraska-based Prairie Wealth Advisors offers a lens into the many factors involved with the wealth management industry's looming financial advisor retirements.
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Altruist has earned legions of fans among financial advisors for sleek technology and low, clear fees. But its critics question whether that is enough to catch up to the giants that have dominated the business for decades.
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As clients ask advisors for help navigating caregiving resources, advisors who are able to provide trusted referrals may find clients return the favor with referrals of their own.
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An industry recruiter said departing Commonwealth teams tend to stick with brokerages because their objections are less to IBDs and more to LPL. Generous transition deals also help.
August 12









