The company's short-term action plan to distance itself from the scandal includes fee rollbacks on at least 20 funds, improved investment performance and tighter compliance measures.
Industry analysts say Strong achieved its aim of boosting half of its 58 stock and bond funds into top-performance quartiles of their respective categories following the takeover by Wells, which purchased the company in May.
Analysts also say the two firms' combined managed assets give parent Wells more robust distribution muscle. Strong brought $42.2 billion to the table.
During the past three years, Strong's biggest funds deterred investors with negative 25% average annual returns. The situation worsened when