Data Firms Collaborate on Institutional Product
InvestorForce, Inc. and eVestment Alliance are expanding the partnership they formed last year, the two companies announced.
News
JPMorgan's Gatch Says More Changes to Come
George Gatch, Chief Executive Officer of J.P. Morgan Investment Management Americas, says the company is in the process of dramatically strengthening the investment in, and commitment to, the...
BP Retains Fidelity as Retirement Plan Services Provider
Fidelity Investments has renewed its long-standing contract with BP America, Inc., a subsidiary of BP plc, as its retirement services provider.
Buckingham Financial Services Acquires Turnkey Program
The Buckingham Family of Financial Services has acquired Advisors Access, a turnkey 401(k) program, from Capital Directions.
TD Ameritrade Working Toward Better Integration
TD Ameritrade Institutional has been collaborating with third-party technology providers in order to open its Application Programming Interface (API) with its VEO management platform.
U.S. Representative Introduces Bill to Repeal Dodd-Frank
Representative Michele Bachmann (R-Minnesota) has introduced new legislation, H.R. 87, to repeal the Dodd-Frank financial reform bill.
IRS Rules ESOP not Tax Qualified
The U.S. Tax Court upheld a decision by the Internal Revenue Service (IRS) that an employee stock ownership plan (ESOP) and its employee stock ownership trust (ESOT) are not...
Participants Lose Second Attempt in Medtronic Stock Suit
After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the court that the company breached its fiduciary duties by continuing to offer company...
Court Allows Ambac Stock Drop Case to Proceed
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...
Newport Turns to Schaffernoth for VP Position
The Newport Group appointed Rob Schaffernoth as Vice President, Retirement Services, a newly created position at the company.
Ex-Business Owners Responsible for Plan Losses
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...
2010 Saw Better Dividend Payments
Only 28 of the approximately 7,000 publicly-owned companies that report dividend information to Standard & Poor's decreased their dividend payment during 4Q2010.
Vanguard Offering Pre-Retirees Free Services
In retirement plans that offer Vanguard Financial Planning Services, participants nearing retirement now have free access to a Vanguard Certified Financial Planner.
Client-Value Calculator Comes to Market
Robinson & Associates, a Boise, Idaho-based company that helps advisers with client retention, is introducing the Customer Lifetime Value (CLV) calculator.
Janus Unveils Two Fund Offerings
Janus Capital Group has launched the Janus Global Bond Fund and Janus Emerging Markets Fund.
Former Morgan Stanley Duo Start Fixed Income Firm
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.
LLSU Publishes Banished Word List
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 Rebrands Nuclear Energy ETF
Van Eck Global has changed the name of its nuclear energy exchange-traded fund (ETF) to Market Vectors Uranium+Nuclear Energy ETF.
Prudential Q Shares Address Fee Transparency Needs
Prudential Investments announced the launch of its Q Share class for select mutual funds; designed to meet fee transparency needs of group retirement plans.