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His wife Phyllis confirmed the news to BBC Radio Lancashire. Like what you see? Jim Bowen with his wife Phyliss (Picture: Tony Spencer) The pair had two children, Susan and Peter and were married for 59 years at the time of his death.
Conventional industry wisdom states that fees need to be low, as advisors like low fees. But that said, his optimism was infectious. By By There are 2 older and 7 younger executives at First Trust Enhanced Equity Income Fund. Chances are you’ve never heard of First Trust, or its billionaire boss James Allen Bowen -- which is a shame.
James A. Bowen serves as Chairman of the Board, Trustee of First Trust Enhanced Equity Income Fund. By It reinvented commodity ETFs. First, the caveat. By Some clients shift into “survival mode,” according to Financial Planning's latest Financial Wellness Report. Bowen grew up in Clayton-le-Moors, Lancashire, and went to Accrington Grammar School.In his early adulthood, he became a teacher, and took part in local dramatic groups. This helps signal loyalty, Issakainen says, as advisors can be suspicious when product manufacturers talk too much to end investors.“There is always the danger [in asset management] that the client comes to the conclusion that they can cut out the investment advisor from the process.
And to copy the products of its smaller and potentially weaker competitors, often at higher fees.“As a follow-on from ETF model portfolios we’ve had requests to bring some of our models into a sort of fund-of-funds single ticker approach.”Regardless of the specifics, if First Trust maintains its winning product innovation and the company’s low profile continues, one images By submitting your email address, you agree to receive email updates from ETF Stream in accordance with our Privacy Policy.
The 49-year-old Mr. Southard is a graduate, as is Jim Bowen, chief executive of First Trust, and Christian Magoon, founder and CEO of Amplify. The estimated Net Worth of James A Bowen is at least The largest trade he's ever made was selling 350,000 units of First Trust Enhanced Equity Income Fund stock on 8 August 2018 worth over $14,700,000. Yet NXTG entered the market with a 70 basis point fee, overpricing incumbents Pacer and Defiance, which offer the same exposure for 60 and 30 bps, respectively.But the high fees are only one part of First Trust’s breath-taking success, Ryan Issakainen, senior Vice President at First Trust told ETF Stream. (Vanguard, it must be said, runs a “revenue neutral” operation and does not try to be profitable).Despite its achievements, the Wheaton, Illinois, based company is very private, almost secretive. We provide that without expense to professionals but we don’t make them available to the public.”Where the company’s loyalty to advisors really works well is in its refusal to offer advice services or robo-advice, Issakainen says.Many have commented that the bulking up of advice services by ETF issuers in recent years looks something like a stab in the back.
They see the media, internet and search engines as a way of getting there.With First Trust, however, the communication lines run only B2B. He is the Chairman of the Board of the First Trust Funds and Chief Executive Officer of First Trust Advisors and First Trust Portfolios L.P. Until January 23, 2012, he served as President and Chief Executive Officer of the First Trust Funds.
The oldest executive at Macquarie/First Trust Global Infra/Util Dividend & Income Fd is Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund operates as a closed-end investment fund. Chances are you’ve never heard of In an effort to sell products to them, ETF issuers have always told advisors that they are “indispensable” and provide “advisor alpha”.Yet now some ETF providers offer advice services that compete directly with retail advisors. The bad news and conflicts make the splashy headlines, of course. Menu HOLLYWOOD, Fla. -- If there was a common thread running through the BISA conference last week, it was a sense of optimism.At a time when it’s easy to paint a pessimistic picture of the bank channel, the presenters at the conference did the opposite.Mike Sha and Wayne Cutler each presented sunny scenarios, in separate sessions, of As upbeat as they all were, however, none could hold a candle to Jim Bowen, CEO of First Trust. Employee Benefit News and Employee Benefit Adviser James A. Bowen serves as Chairman of the Board of Trustees of the Company.