News

Morningstar Investment Services introduced Morningstar Managed Portfolios Retirement Income Series, a managed account service made up of a lineup of three actively managed portfolios.

Mutual of Omaha is offering employers a 401(k) managed account feature through an arrangement with PMFM Inc.

Claymore Securities, Inc., tapped recordkeeper ExpertPlan to provide a 401(k) recordkeeping and administration solution that includes access to exchanged-traded funds (ETFs).

Bank of America today announced that Bob McCann, currently vice chairman and president of Global Wealth Management at Merrill Lynch, will be head of the combined financial adviser...

Most advisers are telling clients to weather the storm, according to the latest Brinker Barometer.

Geneos Wealth Management, Inc., a Denver-based broker/dealer, announced enhancements to its technology platform for broker/dealers and registered representatives.

Nick C. Thakore and Robert D. Ewing will join Putnam Investments as managing directors and portfolio managers of the firm’s Large Cap Equities Team, the company said.

Retirees do not spend their defined contribution (DC) balances immediately at retirement, but make thoughtful choices and use the proceeds prudently, according to a new study by the...

PenChecks Inc., a provider of qualified plan distribution services, will integrate Wealth Management System Inc.’s IRA rollover services with BenePay, PenChecks’ online distribution processing platform.

The Principal Financial Group has added Spanish-language content to its Web site.

A Raleigh, North Carolina, firm is offering a proprietary online system designed to help participants successfully save for retirement.

An effort tied to the United Nations has generated a new environment and social reporting standard for asset managers, banks, and other financial services companies.

As economic turbulence has been on the rise, many financial planners say they are seeing an increase in potential clients.

Ameriprise Financial, Inc., introduced the Active Diversified Portfolios series, professionally managed portfolios designed to help individuals achieve risk-managed growth.

Divorce lawyer Raoul Felder is suing Alliance Global Wealth Management for $5.2 million, alleging that his financial advisers abused his trust.

Gene L. Needles, Jr. has joined Touchstone Investments as president.

SunGard’s WealthStation platform has been enhanced with the addition of a financial planning module for financial advisers to use to attract, service, and grow client relationships, the company...

Invesco Aim Advisors, Inc., has approved the reopening of AIM International Small Company Fund.

Security Benefit will pledge compliance with 403(b) regulations by the January 1, 2009, deadline to any school whose contract is received by November 14, 2008, through its 403(b)...

Security Global Investors (SGI) announced the availability of its Small Cap Value (Ticker: SSUAX) and All Cap Value (SESAX) mutual funds.