PSCA Finds Sponsors Focusing on Investments
The 53rd Annual Survey of Profit Sharing and 401(k) Plans indicates plan sponsors are concentrating more on investments.
News
Roth 401(k) Provision in Broader Senate Bill
U.S. Senators on Thursday approved a provision allowing 401(k)s to handle Roth conversions within the plan rather than force participants to roll converted assets into a Roth IRA....
J.P. Morgan Enhances Money Market Fund Regulatory Reporting Services
J.P. Morgan has enhanced its regulatory reporting services for money market funds to assist asset managers in complying with the Securities and Exchange Commission(SEC) revised Rule 2a-7 requirements.
Patitucci Moves to Transamerica from Hartford
Transamerica Retirement Services has announced the hiring of Paul Patitucci as regional vice president in the company’s Northeastern Region.
ETF Assets Down 2.7% in August
Assets in the exchange-traded funds (ETF) space fell $21.8 billion to $800 billion in August, down 2.7%, according to the latest data from State Street Global Advisors (SSgA).
Margin Compression a Sign of Maturity
An analysis from kasina finds that while asset management firms' operating and net margins vary wildly, overall industry margins have come down.
Benefits Administration Services Appoints New President
Benefits Administration Services announced that Rita Croft has been promoted to President.
Putnam Investments Chosen as Nevada’s 529 Provider
Putnam Investments will serve as program manager for Nevada’s 529 College Savings Plan, sold nationwide through financial advisers, effective October 1.
FRC Expects Solid Growth for ETFs
Exchange‐traded fund (ETF) assets are expected to achieve an annual growth rate of nearly 19% between 2010 and 2014, according to Financial Research Corporation’s (FRC’s) newly released Mid‐Year 2010...
Study Finds Market Opportunity for High-Balance Rollovers
Research from Spectrem Group found high-balance retirement plan participants aren’t showing much loyalty to their plan providers when rolling over their money.
Fidelity Aims to Help RIAs Expand Business
A new Fidelity program, “Expand Your Practice,” is intended to help registered investment advisers (RIAs) analyze their readiness to grow through mergers, acquisitions, or hiring new people.
Angels in the Outfield? More Likely Ghosts…
In a commentary in The Baltimore Sun this week, two writers suggest that the woes of the Washington Nationals baseball team are caused by none other than...
Investors are “Clueless” as to Who Operates Under “Fiduciary Standards”
A recent survey found that the vast majority of investors do not know which financial professionals are held to official “fiduciary standards.”
Goldman Hit with Gender Bias Complaint
Three women who claimed they were examples of a systemic gender bias problem at Goldman Sachs have sued the Wall Street firm in federal court alleging discrimination in...
ESOP Companies Contribute More to Employee Savings
New research finds the average ESOP participant has 20% more defined contribution assets than the average participant in a non-ESOP DC plan, and far less comes out of...
Clear Messages Given at DoL/Treasury Hearings
Forty-five companies and interest groups representing the retirement industry testified before the Department of Labor (DoL) and the U.S. Treasury yesterday and today to discuss lifetime income...
CPI Adds Delaware Investments Funds to Platform
CPI Qualified Plan Consultants, Inc. announced that the Delaware Investments family of mutual funds has been added to its retirement plan platform.
New PIMCO Offering Provides Global Exposure to High Yield Securities
PIMCO has launched the PIMCO High Yield Spectrum Fund.
Invesco New Hire to Co-Head Private Capital
Invesco announced that Henry Robin has joined its fund of funds team as a Managing Director.
TD Ameritrade Creates New Platform for UMAs
The Unified Managed Account Exchange, UMAX, will provide independent registered investment advisers (RIAs) with more flexibility and allow them to expand investment options for clients.