News

A new study found African-American and Hispanic workers have lower participation rates and contribute less to their 401(k) plans than their white and Asian counterparts.

A recent survey found that financial advisers are moving toward fee-based service and emphasizing holistic advice more than last year.

A new survey found that Bank of America Corp. (BofA) holds the title of the biggest wealth manager through the end of 2008.

A former Goldman Sachs computer programmer was charged with stealing trade secrets based on the theft of computer codes used for automated stock and commodities trading.

A new report from Finadium suggested that asset managers have learned from hedge funds that investors seek a wide variety of risk and reward characteristics in their investment...

Zep Inc. will begin contributions to its employees’ 401(k) retirement accounts this month, nearly six months after it suspended them as part of a plan to return to...

Morningstar, Inc.,added six new commodity categories, four new sector categories, and one broad commodity asset class to its proprietary classification system for mutual fund portfolios domiciled in the...

Great-West Retirement Services promoted Cindy Knight to regional sales director, the company said.

ProFunds Group launched what it said are the first exchange-traded funds (ETFs) built to provide short and leveraged exposure to the Russell 3000 Index.

PIMCO launched the PIMCO Emerging Markets and Infrastructure Bond Fund.

As if American International Group (AIG) hasn't been picked on enough, late yesterday the New York Stock Exchange (NYSE) posted a notice of suspension and delisting for AIG...

The National Association of Independent Broker/Dealers (NAIBD) launched a new Web site that it said offers a more comprehensive members-only section.

Melanie Tom-Warner has joined UBS Financial Services Inc. (UBS) as director, head of Client Relationship Management for Corporate Employee Financial Services (CEFS).

Ascensus announced that it has signed an agreement to acquire CUNA Mutual Group’s IRA Services division.

Anheuser-Busch has been hit with a federal court lawsuit alleging the brewer and a trustee improperly designated an overly risky qualified default investment alternative (QDIA) for participants’ cash...

A new survey suggests all of you road warriors might feel happier and more productive when you telecommute.

The SPARK Institute has released new best practices for 403(b) plans to share remittance and census data.

Dow Jones Indexes has licensed the Dow Jones Islamic Market International Titans 100 Index to Javelin Investment Management, an investment adviser registered with the Securities and Exchange Commission.

Investors now have a chance to gain whether or not there is a recovery in the residential real estate market.

U.S. Supreme Court justices have agreed to consider an appeal of a case involving the method used by the Xerox Corp. pension plan to figure out how much...