'We’re offering to clean house in a very fragmented broker market,' said Shin Inoue, CEO of ForUsAll, a turnkey 401(k) provider. Founded in 2014 by three former Financial Engines executives, ForUsAll has received $34 million in private equity financing.
'Without wanting to be unduly alarmist, the U.S. has a debt problem,' writes our guest columnist regarding the roots of recent market volatility. 'And that is not going to change under this president. Any effort to reign in government spending is years down the road.'
State Street enjoyed a second month of double-digit billion-dollar flows and almost caught up with Vanguard in terms of passive flows. Their flagship ETF, SPDR S&P 500 SPY, attracted the majority of the incoming money.
In response to the steady migration to index funds and ETFs, “many asset managers are looking to multi-asset-class investments as a way to reestablish their competitive position,” Cerulli said in a release.
Sevilla’s residents radiated a comforting joie de vivre. That, along with the Andalusian sunshine, made my spouse and I think seriously about returning, if not retiring, to southern Spain.
About 40% of retirees would work at a job that had the same wages and total hours as their last job, but a higher percentage--60%-- would be willing to return to work at a job with a flexible schedule, according to a survey of Vanguard clients.
Approximately 1,791 customer accounts paid a total of $1,778,592.31 in unnecessary up-front sales charges, contingent deferred sales charges, and higher ongoing fees and expenses as a result of Ameriprise’s practices, the SEC said.
Despite the $1,000 one-time bonuses reportedly paid to employees at large employers after the passage of the new tax law, the buyback spurt indicates that the corporate tax cut may be helping business owners and investors even more, TrimTabs said.
Large cap blend funds, intermediate bonds, and emerging market strategies are among the leaders.