Bank Of America to Provide Mutual Fund Research In Shadow Of DOL Fiduciary Rule

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Mark Melin
Published on
Updated on
Bank of America Mutual Fund Research

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 mutual fund research coverage review will take place on all of the…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.