Fund Fees: The Journal's "Fund Track" column said a proposal to limit and shed more light on 12b-1 distribution fees for mutual-funds could have an unintended consequence: making investment advice unaffordable for smaller investors.
That's because advisers who sell the funds will be encouraged to move clients to fee-based accounts, which the paper said is not a practical model for smaller investors.
The Times quoted several veteran fund industry analysts as saying that if the
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.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
