Updated Friday, April 18, 2014 as of 7:55 PM ET
Advisors Praise Firms, Question Strategy in TIAA-CREF/Nuveen Deal
While financial advisors clearly have high regard for mutual fund pioneers TIAA-CREF and Nuveen Investments, they are also raising questions concerning culture, strategy and personnel in the wake of the blockbuster $6.25 billion deal to merge the two firms.
Both TIAA-CREF, best known for its non-profit roots and work with teachers' retirement plans and hospitals, and Nuveen, with its municipal bond and government expertise, enjoy "great reputations" in the advisor community, as FPA president Janet Stanzak, principal of Bloomington, Minn.,-based Financial Empowerment points out.   more »
More in Mutual Funds
The third-largest U.S. bank cut 200 to 300 jobs in its division handling stock and bond trades to shrink costs amid a slump, according to a person familiar with the matter. more »
Investors looking to acquire dividend-oriented equity funds must navigate a number of portfolio options -- and a related set of challenges. more »
World's largest mutual fund company pulled in more than 90% of the more than $15 billion that investors poured into U.S.-listed ETFs in Q1, adding to fears that Vanguard is becoming a near monopoly. more »
Pimco's Bill Gross recommends staying in bonds maturing in five years and less even after comments last month from Federal Reserve Chair Janet Yellen sent shorter-maturity yields surging. more »
The value of municipal bonds plunged Thursday as the prospect of rising interest rates triggered a selloff, with short-term bonds taking the hardest hit. more »
James E. Stowers Jr., who built a billion-dollar fortune as founder of the American Century Investments mutual fund company, then gave most of it away for medical research, has died. more »
The asset management industry has stepped up marketing efforts aimed at advisors, hoping to boost both sales and credibility. more »
Financial advisors who use active management may have a lower-cost option when considering actively managed ETFs – but some advisors express doubts on the real value for clients. more »
Puerto Rico came to market with $3.5 billion of general obligation debt Tuesday, tapping the municipal bond market with GOs for the first time in two years. more »
Bill Gross questions whether he is truly a great investor as he ponders his legacy in a new era of shrinking bond returns in his April investment outlook. more »
Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans' finances. more »
The focus on dual registrants grows out of concern that the different compensation structures of the two business lines can create conflicts of interest and potentially harm investors, according to an SEC director. more »
Redemptions from Bill Gross's Pimco Total Return Fund slowed to a 10-month low in February, the first month after the resignation of CEO Mohamed El-Erian. more »
Bank Advisors on the Move

Current Issue

The April Issue is now online!

Already a subscriber? Log in here