News

A former UBS broker filed a lawsuit against the firm, alleging it forced him to resign for cooperating with regulators, the Boston Globe reported.

When it comes to the best Major League Baseball hotdogs, it’s a tale of two cities.

Bob Lucido joined Fidelity Investments as a senior vice president in charge of a newly created Human Resource Strategy practice for Fidelity’s Consulting Services business, the company said.

A consultant at Russell Investments offers 12 nuggets of advice for selecting target-date funds for DC plans.

The Retirement Plans Group of The Hartford Financial Services Group, Inc., is instituting a number of improvements to its co-fiduciary investment selection and monitoring service.

SEI offers three new funds to defined contribution and defined benefit retirement plans, sub-advised by Independence Investments LLC.

Russell’s Investment Manager Outlook says investment managers are cautious, but not fearful.

FundQuest hired Adam St. Germain to join as a financial analyst on its investment management team, the company said.

Jefferson Pilot Securities Corp., an independent broker/dealer affiliate of Lincoln Financial Group,changed its name to Lincoln Financial Securities Corp, the company said.

Guides from the Principal Financial Group will provide 403(b) sponsors with step-by-step actions to take over the next several months.

American Trust Investment Advisors launched the no-load American Trust Energy Alternatives Fund.

The Turner Funds introduced the Turner Quantitative Broad Market Equity Fund, a no-load mutual fund that uses its proprietary quantitative model to determine stock selection.

FINRA and the International Foundation of Employee Benefit Plans provide resources for employers and employees to prevent retirement scams.

Rogerscasey acquired a Canadian investment consulting firm, Perimeter Capital Management Inc. (PCMI).

The Senate last week introduced a bill to protect seniors from investment fraud.

Research from Hewitt Associates found that on average, employees are projected to replace 85% of their income in retirement when they need much more.

National Investment Managers Inc. closed on the acquisition of Alaska Pension Services, Ltd. (APS).

A no-load, open-end mutual fund from IndexIQ is designed to give investors access to hedge fund-like performance.

Assets of all ETFs rose in May by $14.36 billion, or 2.4%, to $610.31 billion.

Investors have a new way to track the performance of stocks in the Gulf Cooperation Council (GCC) member states.