John Hancock Funds is re-opening the $5.8 billion John Hancock Regional Bank Fund to new investors on Nov. 4. It was closed 19 months ago after cash levels rose to 20 percent, and fund officials were worried about being able to preserve the fund's style of investing in small- to mid-sized banks. The cash level is now down to seven percent. "Regional bank stocks have reached a point where they represent unusually good value," said James K. Schmidt, head of the fund's portfolio management team.
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Advisor360° names former MassMutual exec Mike Fanning as its new CEO
April 23 -
Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
April 23 -
The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
April 23 -
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
April 23 -
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
April 23 -
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
April 23