News

Ninety-two percent of millionaires have not abandoned the stock market, with 43% currently engaged in moderate to heavy buying or selling and 49% waiting for the right opportunity...

J.P. Morgan unveiled a new iPad application that gives clients access to the investment bank’s research.

Compensation in the asset management industry is rebounding after two difficult years, according to a review by Greenwich Associates and Johnson Associates.

Glenmede, a privately-held and independent investment and wealth management firm, has announced that Susan P. Mucciarone has joined as Senior Vice President and Director of Wealth Services.

In a very real sense, this has been a “rebuilding” year for many plan sponsors and participants.  

Between late June and late August 2010, approximately 35,000 survey questionnaires were sent to defined contribution (DC) plan sponsors from the PLANSPONSOR magazine database, as...

The Bank of America Merrill Lynch "401(k) Contribution Activities Scorecard" for Q3 2010 found modest improvements in participants’ saving behavior, but also record levels of loans and hardship...

Relying on a financial adviser outside the plan was the preference for 37.5% of the roughly 6,000 plan sponsor respondents to PLANSPONSOR’s annual Defined Contribution...

ING Groep NV has started laying off 400 people in its U.S. insurance operation, preparing to sell the unit in an initial public offering, Dow Jones reported.

Netherby Wealth Management Solutions of Westport, Connecticut, is bringing AdvisorWorks to the market, an integrated front-office operational platform for financial advisers.

Financial Research Corporation (FRC) says registered alternative products have performed strongly over the past few years and may be of interest to asset management firms.

Strategic Insight, an Asset International company, announced the availability of “Variable Annuity Living Benefits and Eligible Funds,” a new report highlighting the industry’s most popular and newly innovated...

Merrill Lynch had accused Morgan Stanley of poaching a team of its brokers–a team that had handled $215 million in client assets.

Kristen Whisnant has joined NFP Securities, Inc. as senior vice president, Advisory & Investment Services.

In a study about charitable behaviors of high-net-worth households, Bank of America Merrill Lynch found that giving is as important as before the recession, but many are giving...

Vision Capital Management Inc. announced Todd S. Jessup will join the firm as Director, Institutional Marketing and Client Services.

Transamerica Retirement Services introduced a new plan management program to help financial advisers, third party administrators, and plan sponsors better administer employer-sponsored retirement plans.

USAA selected AdviceAmerica technology, recently acquired by Fiserv, to provide its members with an online retirement savings and distribution tool.

A settlement of $4.5 million has been preliminarily approved by a federal court in a consolidated class action lawsuit against Diebold, Incorporated.

The retirement services division of American United Life Insurance Company (AUL) announced the appointment of Gail Lingle to the position.