News
MetLife Offers Two ETF Asset Allocation Funds
MetLife announced that State Street Global Advisors (SSgA) will subadvise two tactical asset allocation portfolios investing primarily in exchange-traded funds (ETFs).
Wal-Mart Captures Excessive Fee Suit Victory
A federal judge handed retail giant Wal-Mart Stores a resounding legal victory by swatting away a participant’s excessive fee lawsuit.
Impact Launches PlanLab News
Impact Technologies Group, Inc. (Impact), a provider of financial software and services, launched PlanLab News, an online news site.
Expect Changes in Asset Management Distribution Strategy
Some aset management firms are looking to reduce their distribution teams but expand their territories, according to research from kasina.
Vanguard Says Re-enrollment Could Help
Participants in defined contribution plans might benefit from re-enrolling into a qualified default investment alternative (QDIA), according to a Vanguard study.
Sigma Advisers Get New Managed Account Platform
Sigma Planning Corporation (SPC) and FundQuest announced the launch of a new managed account platform for Sigma's national network of 500 investment adviser representatives.
Morningstar Enhances Investment Web Site
Morningstar has introduced several enhancements to its investment Web site, including expanded benchmarks, customization capabilities, and new data.
U.S. Senate Legislation Would Help Retirement Plans
U.S. Senators on Wednesday unveiled a legislation package designed to help ease the financial strain on families and businesses due to the lagging economy.
Boomers Fret about 401(k) Account Balances
More than a quarter (27%) of Baby Boomers polled by a social-networking site for the 40 and over crowd said their biggest workplace worry was the value of...
CPI Gets 403(b)s into Compliance, PDQ!
CPI Common Remitter Services, a division of CPI Qualified Plan Consultants, Inc., released CRS PDQ, a 403(b) common remitter and compliance oversight program.
T. Rowe Unveils Global Equity Offerings
T. Rowe Price launched the Global Large-Cap and Global Real Estate strategies with offerings tailored for institutional and retail investors as well as shares available through advisers.
Financial Professionals Most Trusted Source, Survey Says
People in a recent poll turn first to Web sites and news sources and then to financial professionals for financial information.
MassMutual Appoints TPA Channel Managers
MassMutual’s Retirement Services Division has added two new positions to its support organization for third-party administrators (TPAs).
Wealth Transfer Assets To Boom
The wealth transfer market—which will top $38 trillion in the next few years—is a sizable opportunity for advisers.
Winners, Losers in Fund Distributor Battle for Investor Loyalty
Some unlikely distribution firms have managed to step into the crisis and increase loyalty among affluent investors, according to Cogent Research.
PSAs Push Younger Workers to 'Feed the Pig'
A new series of print and broadcast public service announcements are urging younger Americans to 'Feed the Pig.'
Teachers Union Wants to Keep Adviser Choice
The Utica Teachers Union opposes a decision to limit the district employees’ choice of a financial adviser.
MetLife Expands Workforce Retirement Education Program
MetLife announced the national expansion of its retirewise program.
SEC To Require Mutual Fund Summaries
The Securities and Exchange Commission (SEC) on Wednesday voted unanimously to improve mutual fund disclosure by requiring funds to provide investors a concise summary in plain English.