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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Drive time with Alex Lundgren and other financial advisors helped spur a niche serving Micron employees in Idaho.
10h ago -
Financial Planning is seeking candidates under the age of 40 for its annual awards recognizing advisor employees at both wirehouse and regional firms for industry-leading production.
October 5 -
Many wealthy retirees hesitate to spend their savings. Advisors share how budgeting and cash flow planning help clients enjoy their wealth.
October 5 -
Despite common assumptions, child-free clients have plenty of planning complexity. Advisors shared their approach to planning for this demographic, from encouraging "no-kid dividends" to building care teams early.
October 2 -
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
October 2 -
Thirty-seven percent of those making more than $500,000 live paycheck to paycheck, Goldman Sachs found, making this a problem for more than just lower-income workers.
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