American Funds Distributors
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More advisers stay in touch by tweeting
Financial advisers are warming up to social media. More advisers are jumping onto Twitter and using social-networking platforms to communicate news and information to clients, according to a new survey from American Century Investments. About 34% of advisers have Twitter accounts, an increase from
American Funds revs up its 401(k) business
Amid outflows from its retirement fund share classes, American Funds is kicking its 401(k) business into high gear and courting advisers.
Which fund firm is the favorite of advisers? - InvestmentNews
Despite outflows, American Funds remains top-of-mind; 'very successful relationship'
The Hartford makes 180-degree turn with reorganization
The recession has forced a makeover of sorts at The Hartford Financial Services Group Inc., where financial advisers are contending with a significantly different insurer than they did five years ago.
Stock market correlation leads to 'closet' indexing
Maybe American Funds Growth Fund of America should be renamed American Funds Index Fund of America. The $115 billion fund, the largest equity mutual fund in the world, is tracking its benchmark more closely than ever before — and it is not alone.
Why Bruce Berkowitz's bullish AIG stance is paying off
The following is excerpted from the July issue of the No-Load Fund Analyst newsletter published by The Litman Gregory Cos.
Top rep in AIG B-D network joins Sterne Agee
A star financial adviser for Royal Alliance Associates Inc., who courted controversy last year when she criticized the firm's parent company, American International Group Inc., has joined Sterne Agee Financial Services Inc.
Supervision is lacking at B-Ds, NASAA says
State regulators are seeing fewer problems with variable annuity sales but continue to see violations in some areas of supervision at broker-dealers, according to a review of 236 exams conducted in the first half.
With NASAA president Heath Abshure: 'We also need to be active in drafting legislation'
Arkansas Securities Commissioner Heath Abshure, the newly elected president of the North American Securities Administrators Association Inc., last week called on state regulators to get more aggressive on the legislative front in protecting their interests, as well as those of investors.
Midsize advisers who don't switch could have their registrations withdrawn
Midsize advisers who haven't completed their switch to state registration from the SEC could have their registrations withdrawn — possibly by the end of the year.
RIA enforcement cases double: NASAA
State regulators brought almost twice as many enforcement actions against registered investment advisory firms last year as in 2010. They expect to bring even more cases this year, now that about 2,400 advisory firms previously overseen by the SEC have come under their purview.
American Funds, T. Rowe win big in oil M&A deal
American Funds and T. Rowe Price Group Inc. were the big mutual fund winners in Chinese offshore oil producer CNOOC Ltd's announcement last week of plans to buy Nexen Inc.
American, T. Rowe win big in oil M&A deal
American Funds and T. Rowe Price Group Inc. are the big mutual fund winners in Chinese offshore oil producer CNOOC Ltd's acquisition of Nexen Inc. (NXT).
AIG network seen as most likely buyer of Woodbury Financial
American International Group Inc. has emerged as the likely buyer of Woodbury Financial Services Inc., an independent broker-dealer being shopped by The Hartford Financial Services Group Inc., according to two sources with knowledge of the impending sale.
A little help: American Funds looks to Guardian to help boost performance
Flagging fund giant turns to researchers at sister firm, Capital Guardian, to boost its equity performance
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Mary Beth Franklin, InvestmentNews
Davis D. Janowski, InvestmentNews