Capital Group, American Funds Sponsor, Sued for Using Own Funds in 401(k) Plan
Capital Group employees say they were left with few options other than American Funds for their retirement investments.
Gundlach: Even Odds of 3rd Rate Hike; Trump Being ‘Rope-a-Doped’
For some market players, it makes sense to move to cash, the DoubleLine executive says, reiterating the bumps he sees ahead.
Merrill Lynch Nabs $628M Morgan Stanley Team: Recruiting Roundup
Meanwhile, a large hybrid-RIA recruits an executive from Fidelity Investments’ Clearing & Custody Services business.
Morgan Stanley Gives Reps the OK to Text Clients
The wirehouse rolls out a compliant text messaging program with Twilio and launches a sustainable investing course.
Is Fed Rate Hike Imminent?
All eyes are on Washington as Janet Yellen and her colleagues gather to discuss interest rates and the economy.
Echelon Rolls Out RIA Valuation Business
As the DOL fiduciary rule begins, more firms will be making adjustments to products, which is likely to affect their valuations, according to Dan Seivert.
Vanguard Strategy Exec to Retire
Glenn Reed will step down, with Chris McIsaac taking over his responsibilities, the fund giant says.
Edward Jones May Reverse Stance on Mutual Funds in Commission Accounts
The firm, like Merrill Lynch, is considering "options" for its investor clients as the DOL rule's future remains in doubt.
Ameriprise Adds 15 Reps From Wells Fargo FiNet: Recruiting Roundup
Meanwhile, FiNet, Raymond James, Merrill Lynch and S2K Financial share details on their latest recruits.
3 Possible DOL Reforms That Could Help Advisors
KBW analysts share their views on what deregulation banks and broker-dealers can expect this year and next.