In the Margins
So far, the Department of Labor's fiduciary rule has been a win for Wall Street. Firms are pushing customers toward accounts that charge an annual fee on their assets, rather than commissions that can violate the rule, and such fee-based accounts have long been more lucrative for the industry. In earnings calls, executives are citing the rule as a boon. Read the original story from The Wall Street Journal.
Most Read
The U.S. Supreme Court on Monday agreed to consider whether private parties should be allowed to bring claims that fund contracts violate the Investment Company Act ...
It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...
ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...
Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...