News

Bank of America Merrill Lynch’s quarterly “401(k) Contribution Activities Scorecard” shows plan sponsor adoption and participant utilization of advice services continued to grow in 2010. 

Fidelity Investments is hosting nation-wide events for the next 30-days, in which it hopes to help near-retirees and those already in retirement switch their focus from savings to...

MGM Resorts International said it will immediately resume matching payments to eligible employees participating in the firm's 401(k) Savings Plan for 2011.

The Dow Jones industrial average closed above 12,000 yesterday, the first time it has closed that high since June 19, 2008.

The Senate Health, Education, Labor and Pensions (HELP) Committee scheduled a hearing for Thursday to discuss “what can be done to help Americans save more for retirement.”

Securian Retirement has introduced a “Compensation Calculator” for advisers, and a “Fiduciary Focus” guide for advisers to share with plan sponsor clients.  

In comments to the Department of Labor’s Employee Benefits Security Administration (EBSA), the ESOP Association said mandating valuators of private company stock to be fiduciaries will increase the cost...

Ariel Investments, LLC, launched the Ariel Discovery Fund, a small-cap, deep-value, publicly traded mutual fund.

Commonfund appointed Rick Nelson as Chief Investment Officer of Commonfund Group and CEO of Commonfund Asset Management Company, effective February 1, 2011.

A federal appellate court recently issued two rulings in stock-drop cases that may play a critical role for future employer-defendants.

Mid Atlantic Trust Company (MATC) announced nine Model Managers that have been selected for the launch of ModelxChange. 

Jake Reardon is the new National Sales Director at BCG Securities, a full-service broker/dealer (B/D) and wealth management firm. 

The list recognizes five individuals in honor of PLANADVISER’s fifth anniversary.

Charles Schwab and AARP announced a partnership in which Schwab will provide select financial guidance services to AARP members.  

A white paper from the Principal Financial Group will help plan sponsors understand and comply with new fee disclosure rules. 

Sixty-two percent of investors changed their approach to investing in the aftermath of the 2008-2009 economic recession, according to a TD Ameritrade survey.

Interactive Data Corporation, a provider of financial market data, analytics, and related solutions, has developed BondEdge TradeLink.

Allianz Life Insurance Company of North America announced organizational changes to its broker/dealer (B/D) distribution team. 

Marianne Bamonte, a veteran of the custody, investment, and trust services industry, has been named manager of the Institutional Services division at Union Bank.

The Merrill Lynch “Affluent Insights Quarterly” survey shows that although 66% of affluent investors know conservative investing will help them avoid losing money in turbulent times, only 25%...