In what is being called the first suit involving revenue sharing and fee disclosure and heightened transparency, a Missouri company has been ordered to pay $35 million to current and former plan participants. The lawsuit (Ronald Tussey et al v. ABB Inc. et al, Case No. 2:06-CV-04305-NKL, United States District
The debate over the benefits of active investment management versus passive investing remains a favorite topic of investors. Whenever new data emerges to buttress the long-established argument that index funds, which use passive investing, outperform on all measures compared to active-funds, the strategy gains more attention.
There are over 8,000 mutual funds in the U.S.* and virtually all of them charge fees to shareholders to help offset their operating expenses. This is a normal cost of doing business. But the mutual fund industry considers itself special. Over the years, it has lobbied securities
As the battle for financial reform continues into 2011, the battle lines are clearly drawn: It’s the professional financial services industry against its own customers. While there are pockets of resistance, such as the Americans for Financial Reform, and the Committee for the Fiduciary Standard, have opposed any attempts
Mutual funds have, by default, become one of the primary vehicles to build wealth in America. Pensions and savings were the traditonal vehicles in the last generation, but today, the erosion of home equity, decreases in 401(k) accounts, and threats to the future of Social Security all translate into new