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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New proposals in seven states could soon subject over half of all U.S. millionaires to targeted high-earner tax rates.
February 13 -
Amid UBS advisor exits, 25-year veteran joins Morgan Stanley
February 13 -
Given recent renewed interest in the medium, top enthusiasts' collections can be worth six figures. But quality generally beats quantity, and it pays to be informed about which rare pressings are most sought-after.
February 13 -
Rich Guerrini said the bank plans to expand its advisor ranks by about 50% as it targets mass affluent and other new clients with personalized branch-based service.
February 12 -
The positive association between the largest certification in the planning profession and key client outcomes is adding to a growing field of research on the value of advice.
February 12 -
Having potential spouses on the same page regarding money before taking their vows can help stave off hurt feelings later.
February 12





