Geoff Bobroff

Type: Person
Name: Geoff Bobroff
First reported Apr 14 2014 - Updated Apr 15 2014 - 2 reports

TIAA-CREF to Buy Nuveen Investments in $6.25 Billion Deal

(Updates with details of Madison Dearborn’s investment from seventh paragraph.)April 14 (Bloomberg) -- TIAA-CREF agreed to buy Nuveen Investments from Madison Dearborn Partners LLC for $6.25 billion, propelling the manager of teachers’ retirement savings ... [Published Washington Post - Apr 14 2014]
First reported Apr 10 2014 - Updated Apr 11 2014 - 1 reports

UPDATE 2-Fidelity explores new trading venue amid flash trade concerns

(Adds comments from Fidelity, Vanguard, consultant, bylines)BOSTON, April 10 (Reuters) - Fidelity Investments said on Thursday it is exploring the creation of a new trading venue with other asset managers, as U.S. regulators investigate the controversial ... [Published CNBC - Apr 10 2014]
First reported Apr 07 2014 - Updated Apr 07 2014 - 1 reports

Why 'fair fees' are a raw deal for investors

By Chuck Jaffe, MarketWatchIn mutual funds, "fair" isn't usually what's best for everyone, it's what's best for the fund company or for the financial adviser selling the fund.It's a situation so bad that even most of the good guys have stopped trying ... [Published TD Ameritrade - Apr 07 2014]
First reported Mar 24 2014 - Updated Mar 24 2014 - 1 reports

The only thing investors should care about

By Chuck Jaffe, MarketWatchThere's a fine line between paying enough attention to your fund portfolio, and paying too much attention.PIMCO investors were walking that line this past week, thanks to news that Morningstar Inc. had changed its "stewardship" ... [Published TD Ameritrade - Mar 24 2014]
First reported Oct 27 2013 - Updated Oct 27 2013 - 1 reports

Chuck Jaffe: Fidelitys Treasury dump is business as usual

When word got out recently that Fidelity Investments, the nation’s largest manager of money-market mutual funds, had dumped all of its short-term U.S. government debt, the pundits, talking heads and political partisans all started spinning the story to ... [Published Seattle Times - Oct 27 2013]

Quotes

...to be seems to be more important than having a fee that is fair but where the variations are confusing," said industry consultant Geoff Bobroff. "it doesn't matter if fulcrum fees are more fair and are better for investors, advisers want to know what the expenses are more than anything else."
Said Bobroff: "no one is sticking with a fund that has horrible performance just because it has good stewardship, and nobody is selling their best funds just because something happened in the board room that has the industry talking ... and that's how it really should be."
...saying how well they have done since the market stressed funds back then," said Geoff Bobroff, an industry consultant based in East Greenwich, R I "they may push it more in the materials going to (advisers and brokers) than directly to the individual investor, but they have something to sell now, and some companies definitely will sell it."

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All (7) | News (7) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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TIAA-CREF to Buy Nuveen Investments in $6.25 Bi... [Published Washington Post - Apr 14 2014]
TIAA-CREF to Buy Nuveen Investments in $6.25 Bi... [Published Washington Post - Apr 14 2014]
UPDATE 2-Fidelity explores new trading venue am... [Published CNBC - Apr 10 2014]
Why 'fair fees' are a raw deal for investors [Published TD Ameritrade - Apr 07 2014]
The only thing investors should care about [Published TD Ameritrade - Mar 24 2014]
Chuck Jaffe: Fidelitys Treasury dump is busines... [Published Seattle Times - Oct 27 2013]
Chuck Jaffe: Mutual funds' five-year track reco... [Published Tulsa World - Sep 18 2013]
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