News

 Charles Schwab has been notified by the U.S. Securities and Exchange Commission (SEC) that it could be the target of an SEC civil suit.

Financial advisers take note: Mustached Americans are looking to better their savings habits.

New York Life Investments plans to hire three new vice presidents and one internal sales representative for its defined contribution investment-only (DCIO) team in the next month or...

Two investors are pointing their fingers at the U.S. government for failing to stop Bernard Madoff’s giant Ponzi scheme.

As investors remain optimistic about a global economic recovery, risk appetite is at its highest point since 2006, according to the latest BofA Merrill Lynch Survey of Fund...

Women are thinking twice about spending and many are dipping into their savings or investments, according to a survey by Citi.

The Hewitt 401(k) Index for September indicated 401(k) participants continued to slowly and modestly transfer assets from fixed income investments back into equities.

Open-end mutual funds saw inflows of more than $49 billion in September, according to data from Morningstar.

ING’s U.S. Retirement Services operation has introduced a new Web tool for customers to help them determine if they are on track to achieve their financial objectives in...

After months of fighting with regulators, Bank of America (BofA) is turning over documents about its purchase of Merrill Lynch, according to news reports.

By taking a picture of TIAA-CREF’s advertisements, smartphone users can link up with an investment consultant.

VALIC has been chosen by the University of North Texas (UNT) and Texas Woman’s University (TWU) as a 403(b) plan provider.

An insurance agent who purchased a book of clients from a retiring co-worker is suing the firm with which he is associated for stealing some of that business.

Some Americans are pulling back from investing—which potentially means fewer people will be in the market for a financial adviser, according to a survey from AlixPartners, a global...

CAPTRUST Financial Advisors said that the principals of The Jones Blair Group of Wells Fargo Advisors will be joining the firm’s Charlotte, North Carolina, office.

Consolidation looms for some asset managers as revenue declines continue to outweigh steep cost-cutting measures.

The U.S. District Court for the Eastern District of Wisconsin has dismissed a lawsuit accusing Harley-Davidson and some of its executives of breaching fiduciary duties by continuing to...

JPMorgan Chase & Co. cannot be held liable for mismanagement that may have occurred before the Federal Deposit Insurance Corp. seized Washington Mutual, Inc., a judge has ruled.

A Charles Schwab survey found most high-income Americans want financial advisers to help them determine if a Roth conversion is right for them.

Asset-allocation fund solutions have, to put it mildly, exploded on the retirement plan scene—aided in no small measure by the sanction of the Department of Labor’s final regulations...