Published by Michael Ellison on 26 Feb 2009
The Summary Prospectus - A Webinar
Late last year, the Securities and Exchange Commission quietly passed amendments to improve mutual fund disclosure. At the heart of the regulation, which is available here, is a requirement that firms prepare three to four-page plain English prospectus summaries for all funds. I’ve actually read the document (exciting life I lead, I know), and it’s something that will benefit both investors and fund companies.
Investors will likely value the summary document much more than the current prospectus, which is about as fun to read (and as thick) as a telephone book. Fund companies, on the other hand, should value the fact that e-delivery is allowed as long as the four-page summary is mailed. One would think this would save tons of money on printing and postage. Continue Reading »
We spoke to several advisors in researching our latest white paper and inadvertently gained insight into the thick cloud of uncertainty enveloping the annuity industry. In the last two months, we have written extensively on this blog about the effect of the economic downturn on annuity firms. One such topic is the 
