A true fiduciary could charge assets under management (AUM) fees and use mutual funds that don’t charge a commission, but they can’t sell a mutual fund as a product, says certified financial ...

With regulators inching closer to setting a universal fiduciary standard for all financial advisers, mutual fund companies may want to brace for the shift. Indeed, a number of attendees of the ...

Exchange-traded funds and actively managed mutual funds are competing to see which can gain the most business as the result of the recently passed fiduciary rule. The U.S. Labor Department rule ...

Investment funds run by financial giants such as Goldman Sachs and BlackRock are “foregoing billions of dollars in shareholder returns” to comply with “woke” environmental, social and ...

The Funds trade under these symbols - Ivy Asset Strategy: WASAX, WASBX and WASCX; and Waddell & Reed Asset Strategy Fund: UNASX, WCASX and WBASX. On May 15, 2014, Ryan C. Caldwell, a portfolio ...

American Infrastructure Funds agreed to pay more than $1.6 million to settle SEC charges that the firm breached its fiduciary duty in three ways.

In their Employment Law column, Weil, Gotshal & Manges partners Jeffrey S. Klein and Nicholas J. Pappas review a recent Seventh Circuit holding that neither the decision to offer retail mutual ...

New mutual-fund share classes meant to help financial advisers comply with the fiduciary rule will move forward at some fund firms regardless of the outcome of the Labor Department’s review of ...

Scott Rose, the Memphis attorney the VA has appointed to replace Dobbs as Ashurst’s fiduciary, confirmed the VA has replaced missing funds from the veteran’s account but said ethically he can ...

So across the wealth management industry there has been a gnawing and anxious debate that may be keeping advisors up at night-does the fiduciary rule mean that advisors need to always offer the ...