In new wrinkle, ERISA complaint of Edward Jones employees centers on failure to offer yield-chasing money market alternative
The 401(k) lawsuit in the name of 38,000 participants resumes the parade of lawsuits against the giant broker-dealer based on revenue sharing arrangements
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Capital Group nabs Holly Framsted as it unveils products for 2022 that define how it will stay active in a passive-ETF world
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January 13, 2021 at 10:14 PM
Oisín's Bits: Wealthfront drops old mission statement, declares war on institutions and emphasizes banking future • Seeking Utah charter, Edward Jones may become largest bank in US by branch count • After Advent chief leaves, Black Diamond head steps up
Andy Rachleff cans the old 'democratizing' mission statement at his robo; The 14,200 one-man Ed Jones branches may become branch banks; Steve Leivent consolidates power at SS&C.
July 3, 2020 at 1:12 AM
Capital Group miraculously recovered after deep 2008 dive but RIA help may get No. 2 American Funds through the next downturn under new CEO
Matthew O’Connor takes the CEO helm of the giant LA-based active manager from Kevin Clifford with conviction not to jam the rudder hard but to be open to new markets
November 2, 2018 at 9:26 PM
Donald Ballai
While it’s true stable value funds have produced higher yields than money markets I don’t believe they are a “safer” substitute for cash in a 401k or any other retirement account. If the insurance companies such as AIG or Hatrford went under as they most certainly would have in 2009 without taxpayer bailouts, investors would have lost those funds. Not so in an FDIC account. Over the course of the last 8 years this suit is without merit. The bigger issues are the revenue sharing agreements. Double dipping by advisors and their firms is shameful.
