News

A federal judge in New York rejected claims that plan fiduciaries are immunized against stock drop suits if the plan mandates company stock investments; a decision not commonly...

The Newport Group appointed Rob Schaffernoth as Vice President, Retirement Services, a newly created position at the company.

Former owners of a St. Paul, Minnesota, business services company are jointly liable for repaying losses to the company’s retirement plan after they used plan assets to pay...

Only 28 of the approximately 7,000 publicly-owned companies that report dividend information to Standard & Poor's decreased their dividend payment during 4Q2010.

In retirement plans that offer Vanguard Financial Planning Services, participants nearing retirement now have free access to a Vanguard Certified Financial Planner.

Robinson & Associates, a Boise, Idaho-based company that helps advisers with client retention, is introducing the Customer Lifetime Value (CLV) calculator.  

Janus Capital Group has launched the Janus Global Bond Fund and Janus Emerging Markets Fund.

Former Co-Heads of Morgan Stanley Smith Barney’s Capital Markets Division, Kevin Morano and Tom O’Brien, have founded SumRidge Partners, LLC, a fixed income broker/dealer.

It’s a list of epic fails that “the American People” might well “Google” or “Facebook” with their BFFs–or perhaps “refudiate” the “back story” with “mama grizzlies” who won’t...

Van Eck Global has changed the name of its nuclear energy exchange-traded fund (ETF) to Market Vectors Uranium+Nuclear Energy ETF.

Prudential Investments announced the launch of its Q Share class for select mutual funds; designed to meet fee transparency needs of group retirement plans.

A Pricewaterhouse Coopers (PwC) survey finds asset managers are more focused on valuation for accuracy, risk management, transparency and accountability purposes.

A third of those responding to a new survey worry about outliving their retirement nest egg, but only one in five plan to buy an annuity or other...

Howard Capital Management (HCM) and Folio Institutional have made an arrangement to enable Folio-affiliated advisers and their clients to use HCM’s retirement plan analysis tool.  

Ridgeworth Investments has chosen Bob Kuberski to build and lead a retail sales team in the newly-created role of National Sales Manager for the Retail Advisor channel. 

U.S. REITs outperformed the broader equity market in 2010, matching their gains in 2009, according to the National Association of Real Estate Investment Trusts (NAREIT).

A former employee of American International Group Inc. filed a lawsuit claiming PricewaterhouseCoopers L.L.P. was negligent in its audits of AIG and failed to pursue a claim against...

WisdomTree is introducing the WisdomTree Managed Futures Strategy Fund (WDTI).

Putnam Investments announced the promotions of Robert E. Alan to Head of North America Consultant Relations and Keith E. Thomas to Head of International Consultant Relations.

A federal judge in Wisconsin has ordered Alliant Energy Corp. to use an 8.2% interest rate when it carries out lump-sum distributions from its cash balance program.