RJ and Makay

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A college graduate is likely to earn more than half a million dollars more than a high school graduate over the course of a lifetime, according to the annual 529 Report by College Savings Plan Network (CSPN).  And students that have a college savings plan account in their name are six times more likely to attend college than those who lack such accounts.  529 college savings plans, administered by states, allow young people tax-advantaged savings for future higher education expenses.

Don't expect a fiduciary standard for broker-dealers (B-Ds) before late July of this year, more than a year after passage of the Dodd-Frank financial reform law requiring such a standard.

What's the hold-up? Various federal agencies are haggling over the details of the new fiduciary standard, which will apply to investment advisors, as well, says Jennifer B. McHugh, senior advisor to Securities and Exchange Commission (SEC) chairman Mary L. Schapiro.

The Investmentnews Advisers' Choice Awards have come out and advisors voted for who they ranked as outstanding mutual fund managers and fund management companies. Financial Advisors seem to be in agreement with their high regard of American Funds (Capital Research and Management) and PIMCO. Both ranked either first or second in external and internal wholesaler teams, long-term fund company achievers, and most respected fund managers. Franklin Templeton and BlackRock were the other FA favs.

Read the winner list of 4 different top 10 lists.

2010 Adviser's Choice Awards

Here are the fund manager and fund company winners: