The board of directors for a
Scudders International Research Fund has performed so dismally that
The issue is now in the hands of shareholders, who will decide at a meeting scheduled for March whether they want to kill the fund. The board closed the fund to new investors on Tuesday. If shareholders approve the proposal, the product is expected to shut down around mid-May.
Scudder officials could not be reached for comment.
Sixteen advisors argue the megabank owes them more than $270 million over false promises they were made when being recruited.
Social Security is still drifting toward insolvency, according to the program's board of trustees. Here's how to reassure worried retirement savers.
Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.
An M&A deal brings a fourth office location to the ambitious firm launched in 2019 by Jason Ray and Chelsea Ransom-Cooper.
The advisory landscape is shifting as robo advisors are trending out, thanks to AI as the "next big thing" in wealth management. But that doesn't mean AI will make robo advisors obsolete.
For the third straight month, retirement advisors have lost confidence in the economy — and many blame the central bank.
