Products January 27, 2010

Transamerica to Lower Price for Flexible Income Fund

Transamerica Asset Management Group announced it is lowering the expense ratio of its Transamerica Flexible Income fund.
Reported by

The new pricing structure includes a reduction of the fund’s management fee by a maximum of .25% and a .10%-waiver on the fund’s Class A 12b-1 fee. The changes will go into effect on February 1, according to an announcement.

Transamerica said Flexible Income (IDITX, IFLBX, IFLLX, TFXIX), an open-end mutual fund, generally invests at least 80% of its assets in a broad range of fixed-income securities and up to 20% in equities. The fund’s primary objective is to provide a high total return through a combination of current income and capital appreciation.

“We continue to evaluate our offerings in an ongoing effort to provide financial professionals and their clients with investment solutions at competitively priced levels,” said John Carter, president and CEO of Transamerica Asset Management, Inc., in the announcement.

More information is available at www.transamericafunds.com.

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Deals & People January 27, 2010

Goldman to Depart from Fidelity

Charles Goldman, who joined Fidelity from Charles Schwab about a year ago, plans to leave the company at the end of March, according to news reports.
Reported by

As president of Institutional Platforms for Fidelity Institutional Products Group, Goldman is in charge of Institutional Wealth Services, Fidelity’s registered investment advisory (RIA) custodian unit; National Financial, Fidelity’s brokerage platform; and Family Office Services.

Goldman is leaving to “pursue other opportunities,” a Fidelity spokesman told news outlets. There are no immediate plans to replace him.

In November 2008, Goldman joined from Fidelity’s rival Charles Schwab, where he was executive vice president and head of Schwab Institutional (see “Former Schwab Exec to Lead Fidelity Institutional Platform Business”).


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