Phoenix decided not to offer class B shares on its two new asset allocation funds (see MME 8/15/03).
B shares have come under increasing scrutiny over the last few months as regulators and investors have charged various brokerage firms representatives with selling the expense-laden share class in order to pump up brokerage commissions.
The investment recommendations from a now-barred broker may ultimately cost the St. Louis-based firm more than $200 million in various penalties and awards.
A UC-Berkeley study found that AI tools may get work done faster, but advisors and other workers are often using it to add to their workloads.
With enhanced ACA subsidies gone, even a small income mistake can cost clients thousands.
In contracting for various digital and operations services overseas, Edward Jones is tredding a path blazed by industry rivals like LPL Financial and Ameriprise.
A decade after the SEC first raised concerns about outsourced CCOs, the model is growing. But the fundamental tension remains: How many firms can one person truly oversee, and at what risk?
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
