American Funds, the nation's second-largest fund family, recorded substantial asset outflows last year. Yet, the fund family has been ultra-successful over the long term. Is it time to buy American Funds?...More
An interview I did with Daylian Cain, a professor at the Yale School of Management, on the risks of relying on disclosure to deal with conflicts of interest from Registered Rep.'s February ......More
Nun the Wiser The Securities and Exchange Commission said that a Long Island, N.Y.-based broker defrauded a congregation of elderly nuns in the Bronx by churning two accounts owned by the Sisters of Charity. Paul George Chironis, who used to be ......More
The Securities and Exchange Commission has tapped Eileen Rominger, former global CIO of Goldman Sachs Asset Management, as its new director of investment management. She replaces Andrew “Buddy” Donohue, who left the agency in November. D. Scott Foret ......More
Practice management support is the name of the game for the big players in the custodian market. But while competition is fierce, innovations are small and gradual....More
The number of years over which recruiting deals vest is growing with every year. But if you're careful with that loan money, it shouldn't make a difference....More