News

Charles Schwab Investment Management, Inc., has launched two more of its exchange-traded funds (ETFs) with low operating expense ratios and commission-free online trading in Schwab accounts.

DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has appointed Gregory Troccoli and Robert Kendall as directors.

ING said it has added staff to further the company’s multicultural sales efforts, particularly in its retirement services business.

In an advisory opinion, the U.S. Department of Labor (DoL) addressed whether investment advisers to the mutual funds underlying target-date funds used in a retirement plan are plan...

Available during the first quarter of 2010, The Principal Financial Group is offering a transition expense allowance to help offset third-party administrator (TPA) fees during their first year...

A new study from Fidelity finds more Americans than in the past are resolving to save more and learn more about finances in the coming year.

Fidelity Investments announced recent additions to its offering of financial guidance and tools for investors.

Russell Investments has launched a set of benchmarks to track the small to mid-cap segment of the global equity market, known as SMID cap.

Northern Trust will offer environmental emission analytics which it said will enable institutional investors and high-net-worth individuals to effectively measure the carbon footprint of their investments.

Ascensus said it unveiled a 2010 proposal for financial advisers selling its plans.

Strategic Insight, an Asset International company, and Coates Analytics, are collaborating on a series of quarterly reports to help investment management firms navigate the broker/dealer...

MFC Global Investment Management (MFC GIM) named Bradford G. Thomas as director of Consultant Relations.

New research sponsored by AUL Retirement Services finds 403(b) plan sponsors are confident they understand their responsibilities and are not worried about IRS audits.

Fund manager AllianceBernstein has newly registered six global asset allocation funds, according to Simfund Filing, a product of Strategic Insight, an Asset International company.

Thanks to the weak economy in 2009, the PNC Christmas Price Index increased by a modest 1.8% compared to last year.

Putnam Investments LLC will dismiss three fund managers as part of a broader move to cut 5% of its staff.

Standard & Poor's has expanded its family of target-risk indexes with the launch of the S&P MATRIX Target Risk Index.

The iShares 10+ Year Credit Bond Fund and the iShares 10+ Year Government/Credit Bond Fund have begun trading.

Financial Engines, Inc., announced today that it has filed with the Securities and Exchange Commission (SEC) a registration statement on Form S-1 for the proposed initial public offering...

Charles C. Cornelio, who most recently served as chief administrative officer of Lincoln Financial, has been named president of Lincoln’s Defined Contribution business, effective immediately.