News

Investors deposited a record $50 billion on a net basis into bond funds in September, bringing year-to-date bond fund flow volumes to $290 billion, according to Strategic Insight...

Citigroup is laying off 75 employees in its personal wealth management group, including branch-based financial advisers, according to Dow Jones.

Fidelity Investments has added resources to its ongoing effort to help investors better understand whether converting their retirement nest egg into a Roth IRA is the best move...

Brokers are switching firms at a slower pace, and the largest number still go to another wirehouse firm rather than a new advisory channel, according to the Discovery...

A U.S. House committee on Wednesday approved the Investor Protection Act, which would expand the power of the Securities and Exchange Commission (SEC).

New York Life Insurance Company has turned to Tom Johnson as head of business development for Retirement Income Security.

Half of employers now offer workers outside investment advisory services, including advice, guidance, and/or managed accounts, according to Hewitt Associates.

Memphis-based First Mercantile has named Grant Boucek as regional sales director for its new Mid-South region.

In a memo to Tribune Co. employees announcing a new retirement plan, Chief Administrative Officer Gerry Spector said the company's employee stock ownership plan (ESOP) likely will be...

SEI Advisor Network’s new Service Delivery Initiative aims to help advisers with electronic proposal generation, statement and account level reporting, and transaction automation.

A survey suggests many Americans might prioritize being connected technologically over being connected intimately. 

National Investment Managers, a nationally-based and regionally-operated retirement plan administration and investment management company, has agreed to acquire a book of approximately 500 balance-forward (not valued daily) retirement...

ING has reached an agreement to sell three of its U.S. independent retail broker/dealer units—which make up three-quarters of the ING Advisors Network—to Lightyear Capital LLC.

The Keane Organization, a provider of compliance and risk management solutions to Fortune 1000 corporations, has promoted Mark Sweatman to president of Keane’s Retirement Services Division (KRS).

The combined assets of the nation’s mutual funds increased by $211.8 billion, or 2%, to $10.824 trillion in September, according to the Investment Company Institute (ICI).

Altegris named Ken McGuire as COO to oversee the growth and development of APM Funds, the company’s flagship line of alternative investment products.

The Phoenix Companies, Inc., has formed a distribution company, Saybrus Partners, Inc., which has agreed to provide life insurance consulting services for financial advisers at Edward Jones.

The recent economic turmoil brought great change to the markets, but a recent survey by a defined contribution plan consultant indicates most of its clients and prospects came...

BrightScope, a 401(k) data and analytics firm, and Target Date Analytics LLC, a consulting and research firm, unveiled the BrightScope On Target Index to help measure the risk...

The ABA Retirement Funds Program has launched what it calls "an enhanced investment structure" for program participants.