News

Merrill Lynch&Co., Inc., announced that its acquisition by Bank of America (BoA) has been approved.

The Seven Habits of Highly Ineffective Retirement Plan Advisers

Aon Consulting Worldwide, the global human capital consulting organization of Aon Corporation, appointed Matt Smith as senior vice president and leader of the defined contribution practice in the...

ING Group announced a reshuffling of its U.S. Wealth Management unit that, among other things, separates annuities from retirement services and includes the departure of the unit’s chief...

MassMutual’s Retirement Services Division announced two sales appointments.

Although many polled Americans express anxiety about retirement, more than four in 10 do not work with an adviser, a Bank of America (BoA) survey found.

The Principal Financial Group introduced a planning analysis designed to assess widening business and personal financial gaps for business owners.

Citigroup Global Wealth Management combined its retirement units into one group, which its Managing Director Anne Greenwood said will be more focused on holistic planning and collaboration among...

Newark-based insurance company Prudential Financial today said it plans to sell its minority stake in Wachovia Securities to Wells Fargo.

Nationwide Financial Services, Inc. has selected Cain Hayes to lead its bundled retirement plan services.

Recession or not, true love will cost you dearly this year.

Lincoln Financial Group announced that Tom McGirr has joined the company as head of IRA Strategies, Retirement Solutions.

WisdomTree, an ETF sponsor and index developer, announced the Thursday launch of the WisdomTree LargeCap Growth Fund (ROI) on the NYSE Arca.

ProFunds Group is launching what it calls the first exchange-traded funds (ETFs) in the U.S. to provide short or leveraged exposure to gold or silver.

Nine in 10 U.S. workers in their employer retirement plan have not tapped into their nest egg despite the economic downturn, and 11% are actually upping their deferral...

PlanSource said it will now be able to manage a broker’s entire book of business under one solution.

The Depository Trust&Clearing Corporation (DTCC) said FolioDynamix, a provider of technology platforms and services to the managed accounts industry, has joined DTCC’s Managed Accounts Service.

The bear market will lead to a proportional decrease in regular fund fees and severe cuts in performance-based fees, according to Boston Consulting Group (BCG).

Putnam Investments President and CEO Robert Reynolds continues to bring in former Fidelity Investments executives.

The latest bulletin from the Internal Revenue Service, IR-2008-134, reminds low- and moderate-income workers they still have time to take steps to get the full benefit of the...