Mutual funds

A multi-year reorganization of the firm has lowered head count by more than a quarter but boosted productivity by nearly a half.

High-fee managed futures, energy limited partnerships and multi-alternatives products topped this list.

There are at least 200 fewer products available since 2015. Some advisors haven’t noticed. But should they?

Advisors are planning to increase ETFs as a primary option, the firm finds. Plus, “the most exciting numbers in the survey.”

The independent broker-dealers born during this fraught year have thrived. Now, however, their role in creating today’s independent advisor threatens their ability to survive another half-century.

Factors including low interest rates may have contributed to success.

CEO Manny Roman expects the move will help the firm cash in when the next economic downturn comes.

A Florida court will hear a client’s claim that the firm charges processing fees that had ranged as high as 10 times more than the stated purpose: transaction and clearing costs.

Those with outflows cost clients more than twice as much.

Data reported by the Investment Company Institute.