Two-Thirds of Gen X Lack Confidence in Retirement
The recent economic recession impacted many Gen Xers’ financial savings, according to a report.
News
Groups Ask IRS not to Abandon 403(b) Prototype Program
Industry groups sent a comment letter to the Internal Revenue Service to support the inclusion of 403(b) plans in the prototype program for pre-approved plan documents.
FiPath Launches Retirement Education Campaign for Gen X
FiPath launched the Save Generation X! Campaign, which challenges 29- to 49-year-olds to take control of their financial future.
Affluent Investors Cite Incentives for Retirement Saving
Thirty-eight percent of affluent investors responding to Merrill Lynch's Affluent Insights Survey said a less volatile stock market would encourage them to start saving more for retirement.
Target Maturity Funds Bounce Back at End of Year
Target maturity funds experienced a welcome bounce-back during the fourth quarter, according to the Ibbotson Target Maturity Report.
Assets in ETF Managed Portfolios Grew 43% in 2011
Total assets in exchange-traded fund (ETF) managed portfolio strategies rose 43% in 2011, according to a report from Morningstar.
Finadium Identifies Challenges with Securities Lending, Custody
A survey of U.S. plan sponsors conducted by Finadium looked at the attitudes and opinions of institutional investors across securities lending, collateral management and custody.
New Guidebook Available for Advisers
Pershing Advisor Solutions developed a new guidebook called Developing a Sustainable Business and Succession Plan: An Independent Advisor’s Guide.
Focus Hires Director of Adviser Services
Focus Financial Partners LLC (“Focus”) hired Garry Taylor as a director of adviser services.
TIAA-CREF Asset Management Leader Resigns
Scott C. Evans, executive vice president and president of Asset Management, TIAA-CREF, has resigned.
EPIC Advisors Adds to Client Services Team
EPIC Advisors Inc. hired John M. Consul Jr. as a client services administrator.
Wirehouses to Remain Largest Distribution Channel
Cerulli Associates projects that in 2013, the wirehouse channel will remain the largest distribution channel, despite significant decline of assets under management (AUM) from 43% in 2010 to...
FiPath Partners with Arkovi for Social Media Service
FiPath for Advisors, an online marketing solution for financial advisers, is partnering with Arkovi, a financial services social media solution for archiving, compliance and market intelligence.
New York Life Adds Two Sales Executives
New York Life Retirement Plan Services added two veteran sales executives.