The Liberty Acorn Funds will extend until April 30, the modified sales charge schedule on sales of class A shares on all five of its mutual funds. Liberty Wanger Asset Management of Chicago manages the funds. The extension was disclosed in a March 1 fund prospectus amendment filing. Through April 30, investors may purchase class A shares at a reduced sales charge of two percent, while brokers and other intermediaries will be paid a four percent commission. Consequently, Liberty Wanger will pay half of that commission from its own pockets.
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In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.
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As a significantly underrepresented group in the industry, Black planners and other wealth management professionals of all backgrounds have been tapping into the Quad-A network and professional development opportunities for decades.
10h ago -
Advisors may want to rethink one of the industry's retirement rules of thumb. Two researchers suggest swapping the traditional 4% withdrawal rate for a "flexible 3%" rule to lower failure rates for longer time horizons.
10h ago -
CD Valet has as many as 200,000 savers visiting its site every month looking for the best deals on certificates of deposit. It's betting they would make a perfect fit for advisors eager for new clients.
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Amid political pushback around ESG, Climate Week panelists say firm leaders should focus less on the label and more on the risks that matter to clients.
September 29 -
The trends of big profits, consolidation and slow organic growth are creating a lot of contradictions with the pay of financial advisors and other RIA staff members, according to The Ensemble Practice's annual tracking study.
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