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Zamansky Investigates Allegations of Payments By Fund Companies To Wealth Management Firms Sontag Advisory, PHH Investments, Dion Money Management and Luminous Capital

May 7, 2013 In The News

Zamansky LLC is investigating allegations of payments by mutual fund companies to wealth management firms Sontag Advisory LLC, PHH Investments Ltd., Dion Money Management LLC and Luminous Capital, a division of First Republic Bank. The investigation on behalf of the account-holders concerns whether fees were received by these wealth management firms for putting their customers into no-transaction funds and whether receipt of these fees violated fiduciary duties and/or was not sufficiently disclosed to investors.
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