News

New York Life Investments has appointed David Giannini, James (Val) Van Deventer, and Deborah Vince as regional vice presidents in its DCIO unit, the company announced.

The long saga of the U.S. Department of Labor’s (DoL) hotly debated investment advice rule took another twist today when the DoL’s Employee Benefits Security Administration (EBSA) announced...

Delta Global Asset Management, a registered investment advisory (RIA) firm, selected FundQuest to provide outsourced technology, back-office, and investment research services.

The recession has been a wakeup call for some Americans, as 18% of those surveyed plan to save and invest more in the future, according to a new...

Great-West Retirement Services has promoted Jonah Caldwell to regional sales director for Arkansas and Oklahoma, the firm said.

Lord, Abbett & Co. LLC said its new Web site for advisers offers interactive content about investment solutions, market insights, and practice management.

Fidelity Investments said it expanded its Transition Solutions program, which gives brokers information about independent business models.

This holiday season, some consumers are cutting back—but one economist argues that holiday spending is a waste anyway.

Standard Retirement Services, a subsidiary of StanCorp Financial Group, Inc., will begin offering its proprietary managed account service to 403(b) plans next month, the company announced.

Large U.S. employers are continuing to shift significant health coverage costs to retirees or exiting sponsored retiree health benefit programs altogether, according to Towers Perrin’s 2010 Retiree Health...

Regions Financial Corp. Chief Executive Dowd Ritter told employees the bank will restore its 401(k) matching contributions and restart its accruals on employees’ pension plans in January.

California Attorney General Edmund G. Brown Jr. announced a $1.4-billion settlement with three Wells Fargo affiliates to pay back investors, charities, and small businesses that purchased auction-rate securities...

Transamerica Retirement Services has hired Deborah Rubin as vice president, head of Third Party Administrator Channel Distribution.

Asset managers are using more creative methods such as social networking to reach financial advisers, according to Cerulli Associates.

The Financial Industry Regulatory Authority (FINRA) said that supervisory failures at MetLife Securities allowed two brokers to engage in undisclosed outside business activities that cost clients millions of...

The latest Bank of America (BofA) Merrill Lynch Fund Manager Survey found that risk appetite among investors is tip-toeing upward.

As part of a planned leadership succession, the Principal Financial Group announced that John Aschenbrenner, president – insurance and financial services, will retire at the end...

Specific environmental, social, and corporate governance (ESG) factors can have a positive impact on portfolio returns, according to a new Mercer report.

MG Advisory Services, LLC, a provider of products and services to financial advisers, broker/dealers, and TPAs, has expanded its RetireTool(k)it product to include plan proposals explaining the open-architecture...

Callan Associates has launched a set of target-date fund analytics for individual funds as well as fund families.