News

Bank of America Corporation (BofA) signed an agreement to sell the stock and bond units of Columbia Management to Ameriprise Financial, Inc., the companies announced.

Anne Arvia, president of Nationwide Bank, has been drafted to be the new chief of Nationwide’s retirement business, as of November 1, 2009.

The Dreyfus Corporation, part of BNY Mellon Asset Management, has introduced two new fund of funds: Dreyfus Satellite Alpha Fund and Dreyfus Diversified Global Fund.

J.P. Morgan Worldwide Securities Services (WSS) has developed an asset allocation and manager selection analysis tool that enables clients to plan and map the risk-return implications of their...

Bank of America (BofA) brought in Andrew Sieg to head its retirement group and appointed Keith Banks and John Theil to lead Private Wealth Management.

The 401(k) ratings and analytics firm BrightScope launched a service to help advisers and consultants find plans that need their help.

While many investors still do not understand the features of a Roth IRA or know about the conversion opportunity just months away, most said they would look to...

A Charlotte, North Carolina, third-party administrator and recordkeeper has unveiled a redesigned Web site, including an adviser center.

The latest Russell Investments quarterly investment manager survey found the hottest asset classes are emerging market equities and non-U.S. (developed market) equities at 67% bullish and 63% bullish,...

It’s often said that freedom comes with a price, and for some financial advisers, the price is worth it.

Colonial Bank, a now-defunct Alabama bank company, has been hit with eight stock-drop suits over losses suffered by its pension plan when the bank was seized by regulators,...

The Securities and Exchange Commission (SEC) charged Detroit-area stock broker Frank Bluestein with fraud, alleging that he lured elderly investors into a $250 million Ponzi scheme.

Forty-one percent of defined contribution assets are controlled by consultants, with the majority of these assets in large plans with more than $500 million in assets, according to...

Barclays Global Investors (BGI) will now offer its ETF Managed Solutions Guide on the Web, in addition to the hard copy.

Somewhere in the course of your professional life, you have no doubt heard (or used) the expression about what happens when you assume1.

Bank of America Corp has formally denied U.S. Securities and Exchange Commission (SEC) claims accusing it of misleading shareholders about bonuses paid to Merrill Lynch & Co employees...

Americans of all income levels and ethnic groups look on the spending and saving changes they have made in response to the economic turmoil of 2008 and 2009...

Have a question about electronically filing a Form 5500 report on the Department of Labor (DoL) Web site?

Rules barring participants from making 401(k) contributions for six months after taking a hardship withdrawal should be eased to help employees more quickly recover a more substantial retirement...

RolloverSystems, Inc. (RSI), a provider of rollover services, will now offer additional, elective service to NRP Financial, Inc. (NRPF) advisers to assist in opening IRA brokerage accounts.