Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Royce Special Equity Fund
By Staff Writer800-348-1414 www.roycefunds.com Ticker: RYSEX Managers: Charles Dreifus Manager's tenure: 5 yrs. 9 mos. Fund started: May 1, 1998 Min. initial investment: $2,000 Load (front-end): 0.00% 12(b)-1 fee: 0.00% Net assets: $788.29 million P/E ratio: 14.74 P/B...
February 18, 2004
Fund in Focus: Hotchkis & Wiley All Cap ValueGeorge Davis Jr. and Joseph Huber, managers since January 2003. S&P Rank: Not Ranked Concentrated Fund Goes Anywhere For Value
February 12, 2004
War Over AXAMONY Deal Heats UpByA federal judge and a proxy advisory service have sided with money managers who are fighting efforts by a unit of AXA S.A. to acquire ...
February 11, 2004
Proxy Advisory Firm Criticizes AXAMONY DealNU Online News Service, Feb. 11, 2004, 5:52 p.m. EST -- A Rockville, Md., proxy advisory firm is opposing efforts by a unit of ...
February 10, 2004
Schwab Repackages Investment ServicesNU Online News Service, Feb. 10, 2004, 1:22 p.m. EST -- The Charles Schwab Corp., San Francisco, is changing the way it markets its ...
February 03, 2004
Unum-Provident To Cut Stake In Argentine UnitNU Online News Service, Feb. 3, 2004, 5:37 p.m. EST -- UnumProvident Corp., Chattanooga, Tenn., is reducing its stake in a property-casualty insurer in ...
February 01, 2004
Table 3: Client ProfitabilityAverage Fee-OnlyFinancial Advisor Fee-Only Advisors with$500 million+ in assets Your Practice Assets/Client $500,000$981,000 Revenues/Client $3,697$6,667 Pretax Profits/Client $1,567$2,143 Source: Tiburon Strategic Advisors Fee-Only...
February 01, 2004
Table 2: Income Statement AveragesAverage Fee-Only Financial Advisor Your Practice Partner Leverage (Employees/Partners)3.4 Revenues/Assets (Return on Assets)74 basis points Pretax Profit Margins38% Source: Tiburon Strategic Advisors Fee-Only...