Subject Root Tag

Three big-name mutual fund shops, including Fidelity Management & Research Company, State Street Corporation and Federated Investors, are warning the SEC that eliminating the fixed $1 price of fund shares will scare away many investors who want some minimum level of value stability in their assets.

With some fairly significant caveats, there is hope that the bank channel will see better days ahead this year. But first, it has to get through the current doldrums.

Three big-name mutual fund shops, including Fidelity Management & Research Company, State Street Corporation and Federated Investors, are warning the Securities & Exchange Commission that eliminating the fixed $1 price of fund shares will scare away many investors who want some minimum level of value stability in their assets.

The Dow Jones Industrial Average trimmed 2.73 points to finish at 12,977.57 Friday while the Nasdaq and S&P 500 gave back 12.78 points and 4.46 points, respectively.

Three advisors from Merrill Lynch have left their posts to form COVA Wealth Management, a subsidiary of Raymond James Financial Services.

Westwood Holdings Group, Inc. has rolled out the Westwood Short Duration High Yield Fund, which will bet on non-investment grade debt with expected maturities of three years or less.

Three big-name mutual fund shops, including Fidelity Management & Research Company, State Street Corporation and Federated Investors, have a few choice words for the Securities & Exchange Commission about more money- market regulations.

A co-founder of BlackRock said Friday that money market mutual funds would survive, if their asset values would allowed to float from their a stable $1 net asset value per share.

It’s an advisor’s dream: Having customers as devoted and loyal as the adoring fans at a Lady Gaga concert. The customers would follow the advisor from bank to bank or even to a different channel in the same way that rock star groupies follow their favorite performers. Building that kind of loyalty, of course, isn’t easy. It takes time and perseverance. Rick Rummage, founder and CEO of the career-consulting firm The Rummage Group, has five tips for advisors who want to build a strong following among their customers. Here’s how they can achieve the advisor equivalent of rock star status.

Many investors put off making final Individual Retirement Account contributions until the last minute. Now, Fidelity Investments has an app for that.

Wells Fargo Funds Management, LLC, the investment advisor to Wells Fargo Advantage Funds, has rolled out a fund that will invest in a wide range of alternative investments.

Mutual of Omaha has named Seth Friedman to serve as 401(k) national sales director. He takes over for Michael Ziccardi, who left the firm in December to join Rekon Intelligence, which works with advisors to help them build out their businesses.

The chief economist of The Dreyfus Corporation said Wednesday that world growth will slow down again in 2012, based on International Monetary Fund calculation methods.

Larry Fink, chief executive of BlackRock, wants the asset management industry and government to take the lead in propping up investors' morale in a flagging market.

Change is inevitable and, for the most part, good.

The coming year is shaping up to be a fresh start for alternative mutual fund shop Pyxis Capital.

To Securities and Exchange Commission chairman Mary L. Schapiro's mind, the current state of the money market fund business is "living on borrowed time."

With ears to the ground in more than 30 countries, Franklin Templeton's fund managers are ready to buck plenty of fixed income investing trends in 2012. Most notably, they plan to embrace active management of their funds, as well as global volatility.

As banks nationwide struggle to process troubled assets off their books, middle market companies have not been able to get the loans they need to grow. Private money is stepping in to fill that gap – and providing yields that planners are seeking for their HNW clients.

Many investors put off making final IRA contributions until the last minute, and now Fidelity Investments has an app for that.