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The Securities and Exchange Commission passed a new rule on Monday allowing mutual funds to send electronic reports to shareholders. Before rule 30e-3, mutual funds were required to send paper reports, costing the industry billions of dollars. ...
Baird Acquires $2 Billion M. Griffith Investment Services
Baird, the employee-owned investment firm that manages and oversees more than $200 billion in client assets, said Monday it agreed to acquire M. Griffith Investment Services, a central New York-based independent, employee-owned firm with 12 financial advisors who oversee more than $2 billion in client assets. ...
EP Wealth Passes $4 Billion AUM With Acquisition
EP Wealth Advisors, an independent registered investment advisor, said Monday it acquired Donnelly Wealth Advisors, a fee-only RIA that manages more than $400 million. Richard Donnelly, who founded the namesake firm in 1997, will become a regional director at EP Wealth. ... |
