Goldman Acquiring Dwight Asset Management
Goldman Sachs Asset Management (GSAM) is acquiring Dwight Asset Management (Dwight) from Old Mutual Asset Management (OMAM).
News
Advisers Must Prepare for Transition from SEC to State Registration
Mid-sized advisers must transition their registration from the Securities & Exchange Commission (SEC) to their applicable state authorities and are encouraged to begin the process as soon as...
Company Stock Holdings Decreased Since PPA
The share of plan assets in company stock fell seven percentage points for KSOPs because of the diversification provisions in the Pension Protection Act of 2006 (PPA2006).
DoL Sues Company for Failure to Remit Contributions
The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...
TD Ameritrade Appoints President
Tom Nally was appointed president of TD Ameritrade Institutional, the firm’s business unit serving independent registered investment advisers (RIAs).
Study Finds Decreasing Numbers of Provider Changes
Retirement plan sponsors who conduct marketplace reviews with finals presentations are 55% more likely to remain with their current provider today than they were as recently as four...
Foundations and Endowments See Negative Performance in 2011
The majority of institutional asset owners closed 2011 in positive territory, according to the Wilshire Trust Universe Comparison Service (Wilshire TUCS).
J.P. Morgan Asset Management Expands Strategy Group
J.P. Morgan Asset Management hired Roberts Grava as managing director in its Strategy Group.
Plan Advisers Must Understand Final 408(b)(2)
Now that the Department of Labor’s (DoL) regulation for 408(b)(2) has been finalized, it is important for plan advisers to understand how the final ruling impacts them.
New Yorkers Facing Retirement Crisis
A growing number of New York City residents don’t have enough money to retire, according to a new study.
Few Employees Will Be Prepared for Retirement
Eighty-four percent of polled executives responsible for 401(k) plans say only some or very few employees will be financially prepared for retirement.
Judy Diamond Launches BrokerSight Database
Judy Diamond Associates launched its BrokerSight database, which helps subscribers identify and begin relationships with producers in the retirement market.
IRA Financial Introduces Solo 401(k) Contribution Calculator
IRA Financial Group has launched a free, online Solo 401(k) contribution calculator.
Hispanics Feel Least Prepared for Retirement
Fifty-four percent of Hispanics report they feel “not very” or “not at all” prepared for retirement.
White Paper Examines Benefits of a 408(b)(2) Audit
Roland|Criss published its third in a series of white papers addressing the new 408(b)(2) regulation’s specific impact on retirement plan sponsors.