Bank Of America to Provide Mutual Fund Research In Shadow Of DOL Fiduciary RuleMark Melin
Bank of America, in announcing it planned on expanding mutual fund research coverage, is trampling on territory normally ascribed to independent analyst Morningstar. But it also points to new market forces coming in to play from robo advisors to regulators. The bank's move comes as the “DOL fiduciary rule” could potential reshape an industry and how brokerage firms dispense information and advice -- and who human advisors can work with.
BAML to drop complex fees, reduce under-performing funds as mutual fund research offering grows
The move to provide . . .
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