Numeric Investors has shut its four mutual funds, with $455 million in assets, so that it can focus on institutional and wealthy clients, for whom the firm runs $13 billion, The Wall Street Journal reports.
The funds were notable not only because they were top performers among their peers but also because they used a fee structure normally reserved for hedge funds.
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Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.
Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
Turns out clients are as mistaken about tax preparers as they are about taxes.
