Berkshire Accused of ‘Siphoning’ Funds in Workers’ Comp Suit
A New York bicycle courier company has accused Berkshire’s Applied Underwriters of running a “reverse Ponzi scheme.”
Top Portfolio Products: New Funds from Fidelity, CBOE Vest and Direxion
Fidelity introduced six factor-based ETFs, CBOE Vest added a defensive stock fund and Direxion launched two leveraged ETFs.
Stocks Sink With Bonds; Dollar Rallies as Complacency Broken
Stocks suffer biggest drop since Brexit; S&P 500 plummets almost 2.5% Friday, but the dollar climbs.
Morningstar Names Kapoor as CEO, and DOL Fiduciary Rule Is on His Mind
Morningstar’s board of directors appointed Kunal Kapoor, the current president of the Chicago-based research firm, as its new CEO.
Dividend Aristocrats Outperform S&P 500 With Less Volatility: Report
This index of 50 stocks has consistently outperformed the S&P 500 while exhibiting lower volatility.
Top Portfolio Products: State Street Changes SPDR Lineup, Rebalances Index
Also, the first Islamic fixed income fund in the U.S. passed the $100 million threshold in August, says Azzad Asset Management.
Third-Party Advisor Exam Rule May Come Before Election: Ex-SEC Official
Enhanced liquidity risk measures for mutual funds may also be in the offing, former SEC Investment Management head Norm Champ says.
MFS Cuts Fees on Target Date Funds
MFS is addressing "a trend in the industry of making sure fees are reasonable and attractive," according to MFS' Ryan Mullen.
3 Trends Yield Great Prospects for Retirement Plan Advisors
Lawsuits, DOL fiduciary rule and a spate of bad news on active funds yield an unbelievable environment for new business. Here's how to take advantage.
Pershing Launches ETFs, Mutual Funds to Help Reps Comply With Fiduciary Rule
The WealthStart portfolios for emerging and mass affluent investors will be offered through Lockwood Financial.