06 May 2014

Should You Pay for Fund Underperformance?

 “While 85% of the equity managers studied underperformed the market in nearly all relevant time periods, the amount of fees extracted globally for this and other financial-intermediation services is in the range of $1.5 trillion annually.” –Suzanne Duncan, global head of research for State Street’s Center for Applied Research

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03 Apr 2014

Plutocracy, Here We Come

Yesterday’s announcement that the U.S. Supreme Court increased the ability of wealthy donors to influence political campaigns and elections by raising the amount they can contribute to candidates signals that money and politics are now synonymous. In effect, this means that all political offices at every governmental level will now

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26 Sep 2013

Free Market Zealots vs. Reality

In their focused efforts to revoke regulations, conservative zealots in the media and Congress have expanded their argument to elevate free markets into near-divine status. But in the process, free market proponents have consistently avoided any discussions about how government intervention and its largesse provide essential funding and profits to

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27 Aug 2013

Did the Fed Use the Wrong Tools to Resurrect the Economy?

Quantitative easing has been the Fed’s major policy to resurrect the economy since late-2008, but after spending hundreds of billions in the process, it is now fair to ask if better tools were available to resurrect the economy faster than massive bond purchases. It’s a legitimate question, especially considering the

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01 Oct 2012

Find Out How You Can Save Thousands of Dollars in Mutual Fund Fees

      New Department of Labor (DOL) regulations on 401(k) fee and expense disclosure are having a profound impact on the trillion dollar retirement industry.  But these big changes hinge on whether millions of 401(k) investors want to save their own money by getting better informed. And if you do,

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19 Apr 2012

Revenue sharing lawsuit costs plan sponsor $35 million

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

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28 Oct 2011

Why Mutual Fund Expenses Matter to Shareholders

        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

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28 Oct 2011

Four Things to Avoid When Choosing Mutual Funds

  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

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26 Oct 2011

Welcome to Mutualfundreform.com

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

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