It's now owned by Deutsche Bank. Google will dig up the past on this. They seemed to have been closed out after about 3 years of existence. Any personal accounts would have been closed at that time and the proceeds returned to the account owner who would have done "something" with them Trivia game - part trivia, part puzzle, all fun! Play Now. From soft jazz to hard rock - discover music's mental, social and physical benefits. Learn more. Now Reading:. Membership My Account. Rewards for Good.
Expert advice on lackluster interest rates. Warren Buffett says to avoid them — but is he right? Your Membership. Loading more feed. Leaving AARP. Got it! The company also plans to limit the Scudder funds' administrative fees to between 0. Scudder Kemper essentially is retooling to cope with a maturing mutual-fund industry, Shapiro said.
The company began mulling the changes in the middle of last year as a way to simplify its menu of choices and provide the scale to reduce shareholder expenses and bolster assets. The company also will drop six stock and fixed-income funds due to lack of demand. All the shuffling, which will be voted on by shareholders this spring and summer, actually makes some sense, said Morningstar. Last year, net new cash flow into stock and bond mutual funds nationally dropped by 30 percent.
For Scudder, the restructuring means fewer funds to manage, with less overlap, and a more logical lineup for all Scudder customers, including participants in the AARP program, Glavin said. Dumb question: Can stocks be chosen by date of purchase in order to take advantage of capital gains tax laws when the stocks are in street name and held by banks? Your account records should provide the dates, so keep your records. The weekly "dumb question" from readers is answered each Sunday in the belief that there is no such thing as a dumb question when it comes to understanding the financial markets.
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