President David Knoch’s Comments Featured in Financial Advisor Magazine Online

In Dan Jamieson’s recent article “Direct Fund Business Squeezed in Wake of DOL Rule” in the online edition of Financial Advisor magazine, 1st Global President David Knoch contributed his insight regarding the decline of the number direct mutual fund accounts and the reasons behind the decreasing business.

David pointed out, however, that though direct business has gone down, 1st Global has seen a tremendous increase this year in new accounts entering advisory programs.

Read the article.