Target-Date Funds Boost Assets but Underperform in Q2: Morningstar
The industry continues to lower expenses as passive management grows in popularity.
Vast Ignorance About 529 College Plans: Edward Jones
College costs are going up, but the awareness level of savings tools is not keeping pace, a national survey finds.
DST’s Gordon: New Clearing Platform to ‘Transform’ Business Model
Gordon, who will head the business, tells ThinkAdvisor that DST will challenge Pershing and National Financial.
American Investors Bullish on U.S. Equities
Eighty-six percent of affluent U.S. investors were optimistic about investments, according to a Legg Mason survey published this week.
Focus Adds Former FiNet Team, Lebenthal Brings on Morgan Stanley Group
Meanwhile, Securities America picks up a Wells Fargo rep, and United Planners says it had a banner year in 2013.
Grandparents Flocking to 529 College Savings Plans to Help Grandchildren
Grandparents are increasingly committed to pitching in to help pay their grandchildren’s college expenses, a study released by Legg Mason found.
New Hire Roundup: OppenheimerFunds Makes Personnel Changes
Also in new hires, Snowden Capital Advisors adds a new vice president and controller while BrightScope has hired a new VP of data solutions.
Legg Mason Affiliate to Pay $21 Million to DOL, SEC
The firm saddled 99 ERISA-covered plans with a prohibited investment due to a coding error, hid the error and sold at a loss, DOL says.
Advisors Fail to Address Retirees’ Housing Needs: Legg Mason
Advisors are falling behind in helping their aging clients prepare for what could likely be one of their biggest expenses in retirement: where to live.
Raymond James Grabs 3 Reps From Rivals
The new advisors join different channels with a total of $1 billion in assets and more than $2 million in yearly fees and commissions.