Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1967 - Banking law |
From inside the book
Results 1-5 of 100
Page 3
... profits , and profit margins of in- vestment advisers who were acting as advisers and underwriters for the fiscal years ended 1961 through 1965 . Five out of the 10 advisers for which data is available - and I should say we don't have ...
... profits , and profit margins of in- vestment advisers who were acting as advisers and underwriters for the fiscal years ended 1961 through 1965 . Five out of the 10 advisers for which data is available - and I should say we don't have ...
Page 4
... profits of more than 50 cents on each dollar of gross advisory fee revenue . Only one corporation made profits of less than 30 cents on every dollar of advisory fee revenue . Now , despite all this , the unique structure of this ...
... profits of more than 50 cents on each dollar of gross advisory fee revenue . Only one corporation made profits of less than 30 cents on every dollar of advisory fee revenue . Now , despite all this , the unique structure of this ...
Page 16
... profit - sharing plans - funds of compar- able size and purpose - show that competition has resulted in sub- stantial scaledowns for size . The typical fee schedule calls for a fee of 0.06 percent of total asset value for portfolios ...
... profit - sharing plans - funds of compar- able size and purpose - show that competition has resulted in sub- stantial scaledowns for size . The typical fee schedule calls for a fee of 0.06 percent of total asset value for portfolios ...
Page 17
... profits is excessive . Prevailing profit margins of mutual fund advisory operations , however , demonstrate - what was characterized in 1940 as axiomatic - that economies of scale in the man- agement of investment companies do exist ...
... profits is excessive . Prevailing profit margins of mutual fund advisory operations , however , demonstrate - what was characterized in 1940 as axiomatic - that economies of scale in the man- agement of investment companies do exist ...
Page 20
... profits " certainly approaching the point where they are outstripping any reasonable relationship to expenses and effort even in a legal sense . " ( Saxe v . Brady , supra , 40 Del . Ch . 474 , 184 A. 2d at 616. ) Nevertheless , all ...
... profits " certainly approaching the point where they are outstripping any reasonable relationship to expenses and effort even in a legal sense . " ( Saxe v . Brady , supra , 40 Del . Ch . 474 , 184 A. 2d at 616. ) Nevertheless , all ...
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Common terms and phrases
advisory fees amendment amount average banks broker-dealers brokerage capital gains Chairman COHEN Commission's committee common stock compensation competition Congress contractual plan corporate costs court dealers distribution dividends economic effect equity Exchange Commission fact fee rates fiduciary firms front-end load Fund Plan Sponsors fund sales fund's gross growth holders income investment adviser Investment Company Act Investment Company Institute legislation load funds management fees Massachusetts Investors Trust ment million mutual fund industry mutual fund investors Mutual Fund Plan mutual fund shares NASD net asset value paid payments percent performance period persons planholders portfolio president profits proposal purchase question reasonable reduced reinvestment sales charges sales load salesmen sample Section 22(d securities business selling Senator BENNETT Senator MCINTYRE Senator PROXMIRE Senator WILLIAMS statement Stock Exchange substantial survey tion transactions unaffiliated directors voluntary plan Wellington Fund York Stock Exchange