The Depository Trust&Clearing Corporation (DTCC) has unveiled plans for a July launch of its redesigned Mutual Fund Profile Service database, which it says will be a centralized repository for information in a fund's prospectus.
Boston-based State Street Corporation announced Monday that it has agreed to buy Investors Financial Services Corporation in a stock transaction worth approximately $4.5 billion.
Dow Jones has announced the release of a new Web version of Dow Jones Wealth Manager, which it says provides financial advisers with the ability to match news to a clientâ€™s investments and professional and personal interests.
In its first Field Accounting Bulletin (FAB) of 2007, the U.S. Department of Labor’s (DoL) Employee Benefits Security Administration (EBSA) offered guidance pertaining to the investment advice and fiduciary investment adviser exemptions introduced in the Pension Protection Act (PPA).
Apparently, the conventional wisdom is right: the earlier you start saving, the more you save and the more generous market return you enjoy, the larger nest egg you will end up with, according to a recent Congressional Research Service (CRS) report.
U.S. Senators may have overwhelmingly approved a bill that includes a provision limiting non-qualified deferred compensation programs (NQDC), but the NQDC provision may still be changed in a later legislative conference committee, according to one lawmaker.
Stock and bond funds experienced net inflows of $39.4 billion in December, following a low net intake of $17.4 billion in November, according to data from the Financial Research Corporation (FRC).
On Friday, the Department of Labor issued a Field Assistance Bulletin on the “Statutory Exemption for Investment Advice.″
A new Hewitt Associates study of large US company retirement plans found that 43% offer, or are very likely to offer, third-party investment advisory services in the coming year.
The combined assets of mutual funds around the globe climbed 4.1% in the third quarter of 2006 to $20.22 trillion, beating the 2005 numbers for the same quarter by $2.94 trillion, according to the Investment Company Institute’s (ICI) survey of the mutual fund industry.
Dow Jones Indexes announced that 11 of its U.S. indexes have been licensed to ProShares Trust and its affiliates to serve as the basis of 22 leveraged and inverse exchange-traded funds (ETFs) that launched on the American Stock Exchange February 1.
MG Advisory and CLS Investment Firm, a third party money manager, have joined together to offer a retirement account management service to plan participants, the firms announced.
As anticipated, Putnam Investments has announced that it will be acquired from Marsh&McLennan Companies by Great-West Lifeco Inc., a subsidiary of Power Financial Corporation.
Transactions between an investment management firm and investment funds managed by a qualified professional asset manager (QPAM) as an option under a retirement plan satisfy a Prohibited Transaction Exemption, according to regulators.
Portland, Oregon-based Invest n Retire will now offer PowerShares exchange-traded funds (ETFs) on its platform for tax-deferred retirement plans, the companies announced yesterday.
Lack of communication can be extremely damaging to an adviser-client relationship, and is a frequent reason clients leave their adviser, a new survey says.
The total combined assets of the nation's exchange-traded funds (ETFs) inched up 2.8% to $422.48 billion in December, according to the Investment Company Institute’s monthly report on the industry.
Wells Fargo Funds Management announced Wednesday that it has added a no-load share class to its lineup of target date funds and that it will close its A, B and C share classes of target date funds to new investors.
Adherents of the so-called Super Bowl Theory are no doubt grinning ear-to-ear these days, regardless of Sunday’s winner.
Stock funds once again benefited from strong cash inflows, but only thanks to the continued allure of international offerings.