Under the opt-in program, an advisor agrees to contribute a portion of their revenue, typically between 10-20%, in exchange for up-front cash and equity in Merchant-backed Private Advisor Group.
The commission argued Pennsylvania-based firm Ambassador Advisors breached its fiduciary duty by investing client funds in mutual fund share classes when more affordable options were available.
Lower future returns environment, coupled with a diminishing diversification benefit from bonds in a rising rate environment, presents an opportunity for investors to reimagine the 60/40 portfolio.
During his tenure at the top of Fidelity, from 1972 to 2014, assets jumped to more than $2.1 trillion from $3.9 billion, making it the second-biggest U.S. mutual fund company.
In this webinar update on Mar. 30th, we'll cover market drivers, adoption, and growth projection, what direct indexing solves for and key end client characteristics that make direct indexing a suitable solution.
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