The termination of the sub-advisory agreement is the second for Alger since David Alger, CEO of the firm, and approximately 38 employees were killed in the attacks of Sept. 11. Last month,
Alger had managed 10% of the $45 million All America fund. That portion will be taken over by Mutual of America, according to the filing. The fund is also sub-advised by
Neither Mutual of America nor Alger could be reached for comment by press time.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
Securities and Exchange Commission Commissioner Hester Peirce announced Friday that she would leave the agency on Oct. 2.
"The Listening Advisor" author John Gatewood preaches a five-part framework that he says can help financial advisors build deeper relationships with their clients and open valuable careers to aspiring planners.
Two years after Hurricane Helene hit his hometown, Earth Equity Advisors founder Pete Krull argues advisors need franker conversations about where clients invest and where they retire.
Valuation expert David DeVoe says he thinks the falling deal numbers are less of a reflection of waning demand and more of general economic concerns.
