MFS Adds Funds With ‘Clean Shares’
The mutual fund company is among a growing number of firms offering these lower cost shares to advisors in light of the DOL fiduciary rule.
Janus Capital, Henderson Group Complete Merger
The new firm is now trading at the NYSE under the JHG stock symbol.
Citi to Sell Fixed-Income Index Business to LSE for $685 Million
The proposed deal includes The Yield Book and the World Government Bond Index.
Putnam Investments to Launch 3 Alternative Strategies: Portfolio Products
Also, Allianz Life introduced two new index variable annuity products.
Fund Expenses Drop 7% in 2016; Vanguard Leads the Pack: Morningstar
The largest fund family had an asset-weighted average expense ratio of 0.11% last year, the research firm says.
DOL Looking for Reason to Delay Full Fiduciary Compliance Date: Lawyer
The department says it will issue a Request for Information; the findings could give it cover to delay past Jan. 1, lawyer Erin Sweeney says.
DOL Fiduciary Deadline Is Coming. Here’s a Compliance Checklist
Compliance firms and attorneys are busy giving advisors, BDs and plan sponsors a to-do list as the June 9 compliance date nears.
15 Best States for Military Retirees: 2017
WalletHub's annual ranking shows which states have the best career opportunities, health care and quality of life for veterans.
Introducing Swell, a New Impact Investing Platform: Portfolio Products
In other product news, IndexIQ launches a small-cap ETF.
31 Worst Paying College Majors: 2017
ThinkAdvisor narrowed down PayScale’s ranking of 336 majors and found that helping people can be a financially thankless job.