The Kobrick Funds LLC of Boston is taking steps to add sales charges to the previously no-load fund group. The group's three funds - Kobrick Growth, Capital and Emerging Growth - will add class A, B and C shares, the company said in a statement. The funds will be sold through New England Funds of Boston. Both Kobrick Funds and New England Funds are affiliates of Nvest, LP of Boston. The move to add sales charges provides Kobrick funds a means of taking advantage of the distribution capabilities of New England Funds, said Frederick Kobrick, president and CEO of Kobrick Funds, in a statement last week. Kobrick Funds has more than $500 million in assets under management.
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The U.S. House bill aimed at protecting investors 65 or older or those who have a mental or physical impairment from fraud, has bipartisan support.
June 26 -
Subscribers can stay up to date on key industry issues while earning one hour of continuing education credit toward maintaining professional certification.
June 26 -
Financial therapy helps people analyze thoughts, feelings and limiting beliefs surrounding money. Therapists shared what they want advisors to know about approaching client relationships.
June 26 -
Although low-cost ETFs remain the most common component of model portfolios built by BlackRock and other third parties, private credit, equity and other alternatives are gaining ground.
June 26 -
Whether advisors choose individual stocks or not, the SEC's proposal to allow semiannual reporting rather than quarterly could impact clients' portfolios.
June 26 -
The deal between Edward Jones and Quicken is expected to appeal to next-generation clients as they begin accumulating wealth.
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