Funds

Nearly 14,000 eligible Louisiana families have signed up for the state’s new LA GATOR scholarship program since applications opened this month, according to new state data, suggesting that demand for the stipends will almost certainly exceed supply. The centerpiece of Gov. Jeff Landry’s education agenda, the new program will give tax dollars to eligible families

The evolution of the economics of the advice business is shaping flows and, by extension, fees. As advisors move away from transaction-driven compensation models and toward fee-based ones, less costly funds and share classes, those that have fewer if any embedded advice or distribution costs, are seeing more flows. The service-fee arrangement attribute in our