Small household accounts have always been the bane of brokerages' existence, and advisors who work with such clients do so at the peril of their own compensation.
The rich are getting richer, particularly in emerging markets, according to Boston Consulting Group’s annual report on the state of global wealth (soberly entitled, “The Battle to Regain Strength”), which it released today.
BCG says that t...
Claiming they are giving advisors what they asked for, American Funds recently rolled out its new ‘Portfolio Series’ of funds. It remains to be seen if the new products will help staunch the severe outflow of assets at the once dominant fund company.
