North America
North America | 9 Jan 17
US politician introduces bill to delay adviser reforms
A US congressman has introduced a bill that could delay the Department of Labor’s (DoL) much-anticipated fiduciary rule by at least two years.
Millennials are willing to pay for financial advice, finds study
Investors under 40 are willing to pay for expert financial advice, according to the latest study by US consultancy firm Cerulli Associates.
Best Practice | 4 Jan 17
US funds must disclose fees under DoL adviser reforms
US mutual funds will be required to fully disclose all their fees and asset allocation as a result of the Department for Labour’s (DoL) upcoming investment advice rule, according to the Securities and Exchange Commission (SEC).
US equities looking expensive warns Amundi’s Mortier
US equity valuations have become expensive on a price-to-earnings basis and investors are urged to stay away from them, according to Vincent Mortier, Amundi Group’s Paris-based deputy chief investment officer and global head of multi-asset.
North America | 23 Dec 16
SEC charges US fund manager over $2.5bn pay-to-play scheme
A US pension fund manager has been charged by the Securities and Exchange Commission (SEC) for a $2.5bn (€2.3bn, £2.02bn) pay-to-play scheme, including cocaine and hookers.