News

The Securities and Exchange Commission (SEC) has announced a Fair Fund distribution of approximately $49 million to investors affected by improper market timing in mutual funds managed by...

Federated Investors, Inc. and Putnam Investments announced that, upon liquidation, the institutional Putnam Prime Money Market Fund will invest its assets in the Federated Prime Obligations Fund in...

A law firm is investigating whether Constellation Energy Group released inaccurate statements about its financial health, which inflated its stock share value.

Kravitz, provider of design and administration of cash balance pension plans, along with Payden&Rygel, an independent investment manager, announced the launch of a fund for cash balance plans.

Research from Cerulli Associates said a large chunk of new sales by asset managers last year was influenced by a broker/dealer professional buyer.

Fidelity Investments announced new multimedia features on its Web site.

Fidelity leads among top sites for financial intermediaries, according to a study by asset management consultant kasina.

SEI Advisor Network said its new client reporting system for independent financial advisers uses a goal-based approach.

Putnam Investments said Tuesday that Kevin Cronin has stepped down from his post, effective October 1.

Fiduciary Benchmarks, Inc. (FBi) partnered with National Retirement Partners (NRP) to offer NRP clients annual plan fee, service, and success measure benchmarking.

OppenheimerFunds, Inc.'s Retirement Services announced enhancements to its Pinnacle and Record(k)eeper Pro retirement programs.

JPMorgan announced the appointment of Pamela Popp as CEO of JPMorgan Retirement Plan Services, after seven months with the previous CEO.

Most mutual funds were purchased through an adviser in 2007, demonstrating a slight increase since 2006.

Madison Benefits Group, a Houston-based employee benefits brokerage and consulting firm, announced Tuesday plans to join forces with Higginbotham&Associates, a national insurance brokerage firm.

More details emerged Monday about the federal government’s plan to shore up U.S. money market funds so they can maintain their traditional $1 per share net asset value.

Another court ruled that participants who have cashed our of their defined contribution plan can still pursue fiduciary breach lawsuits.

A recent online survey from Disney Family.com found that 91% of parents said the U.S. economy is an extremely/very important issue for their families.

John Hancock's Investment Management Services (IMS) group announced it expanded its role of providing investment manager selection and review services within its parent company, Manulife.

Fidelity Investments said 55 new “breakaway brokers″ have selected the company as the custodian for newly established independent registered investment advisory (RIA) firms.

Sallie Krawcheck is expected to leave her post as the head of Citigroup Inc’s wealth-management unit, The Wall Street Journal reported Monday.