News

ETF flows topped $19 billion in December 2011.  

National Financial Partners Corp., a provider of benefits, insurance and wealth management services, acquired AGS Benefits Group, LLC (AGS Benefits).

 The Principal Financial Group expanded its investment fiduciary support to include ERISA 3(21) and 3(38) fiduciary services.  

Monocacyfabs Inc., of Bethlehem, Pennsylvania, has been ordered to restore $34,000 to its 401(k) plan.

The 2nd U.S. Circuit Court of Appeals reversed a lower court’s dismissal of a securities fraud lawsuit brought by four pension funds.

A study by The American College reveals small business owners show a strong bias for financial advisers of the same gender, with men exhibiting a stronger gender bias.

BNY Mellon Investment Management named Cynthia Steer as head of Manager Research & Investment Solutions.  

The SPARK Institute released spreadsheet templates of its Data Layouts for Non-Registered Investment Product Disclosures to Retirement Plan Participants.

Robeco Investment Management launched two mutual funds.

David Weinberger has joined Pacific Alternative Asset Management Company, LLC (PAAMCO) as managing director, head of portfolio management.

Milliman, Inc’s latest Pension Funding Index shows that in December, pensions experienced a $59.7 billion decrease in pension funded status.

Ameritas Life Insurance Corp. acquired BNL Financial Corp. officially on December 31, 2011.  

The year 2011 was packed with market surprises from natural disasters to ratings downgrades to cultural revolutions.

Mercer has aligned its investment organization to meet changing client needs and to advise on challenging market conditions.

MassMutual Retirement Services Division has expanded its sales and client management organization.