Jundt Associates of Minneapolis, Minn., the adviser to four growth oriented load-funds, plans to begin offering a no-load family of funds next year. The American Eagle Funds will include two growth funds. One of these may use leverage to increase its returns, according to a registration statement filed with the SEC Nov. 19. The new funds include the Capital Appreciation Fund, which may sell short and use other techniques to increase its leverage in investing in growth stocks, and the Twenty Fund. The Twenty Fund will invest in approximately 20 stocks, primarily of U.S. growth companies.
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An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
April 19 -
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
April 19 -
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
April 18 -
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
April 18 -
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
April 18 -
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
April 17