News

Nationwide Financial Services, Inc., has sponsored PartnerUp, an online community designed to connect and provide resources to small business owners.

BenefitStreet, Inc., secured bridge financing and is now negotiating terms for an additional $10 to $20 million in longer-term funding.

One in four affluent Baby Boomers is changing his retirement plan and 40% are downsizing their lifestyles in response to the economic downturn, according to Bell Investment Advisors...

The California Department of Corporations shelved a proposed amendment requiring certain California investors to register.

Morgan Stanley Investment Management (MSIM) launched the Morgan Stanley Commodities Alpha Fund, an actively managed mutual fund.

LPL Financial Corporation plans to introduce an integrated adviser platform, supporting ndependent registered investment advisers (RIA) and hybrid (dually registered) advisers.

Advisers are leaving their firms for various reasons, most often citing culture, the desire for more independence, and disagreement with the senior management philosophy.

The increased competition for top talent among broker/dealer firms has caused many firms to step up the recruiting initiative, according the latest Cerulli report.

Synapses Inc. launched the Total Benefit Statement service to provide advisers with a comprehensive report of employment benefits.

There’s been a lot of talk about tax policy of late.

Lincoln National Corporation has tapped Peter Welsh as Divisional Sales Director for the Western Division of the Wire Channel of the Lincoln Employer Markets’ Defined Contribution business segment.

If you’re confused about the 5500 reporting requirements, the Department of Labor is ready to offer you some free help.

Charles Schwab has launched two Laudus funds with Mondrian Investment Partners Limited that are designed for institutional investors.

The Itasca, Illinois-based Arthur J. Gallagher&Co., an insurance broker, has acquired employee benefits consultant RSI of Mount Laurel, New Jersey.

After months of rumors about being 'shopped,' CitiStreet has been sold to ING Group.

GlobalBridge Inc., provider of separately managed account solutions for trust banks and wealth advisers, and investment firm Smith Group Asset Management announced the availability of the Smith Group’s...

State Street Corporation announced that its board of directors has appointed Jay Hooley as president and chief operating officer.

A trade group representing public-sector defined contribution plans has released a Q&A document with information about the latest government regulations for 403(b) programs.

Financial advisers are optimistic about both their business and the economy, yet think the priority of the next president should be bolstering the weak economy.

Fewer young advisers are entering the field, and those that do are more interested in less traditional, sales-based routes.