News

Smith Barney has added the PLANSPONSOR Retirement Professional (PRP) designation to the list of the firm's approved designations for financial advisers.

Morgan Stanley plans to shell out as much as $3 billion to keep Morgan Stanley and Smith Barney brokers aboard the joint venture, according to news reports.

The U.S. Senate Special Committee on Aging is scheduled to hold a hearing on February 25 to examine, among other things, target-date funds.

Clients are making unwise decisions more often than usual, according to most advisers.

Whether participants view 2008 as a good year for earnings on their 401(k) or a bad year can depend on account balance, age, or job tenure, according to...

New York's attorney general filed a court motion on Monday to force former Merrill Lynch CEO John Thain to discuss $4 billion in employee bonuses, according to a...

Instead of offering brokers a retention bonus, Wachovia Securities said it is offering better payouts through its client retention program.

I’ve spent most of my life, certainly my adult life, confident that Americans, certainly in large part, are reasonable and rational.

I’ve spent most of my life, certainly my adult life, confident that Americans, certainly in large part, are reasonable and rational.

The market’s impact continues to weigh on the nation’s retirement security – and it seems that Congress wants to do something about it.

A slumping economy with fewer hires has led to cutbacks at a leading 401(k) education provider.

Stanford Group Cos., the investment house run by disgraced billionaire R. Allen Stanford, has served as the financial advisor to AirTran Airways Corp.’s 401(k) plan – but participants...

The Coca-Cola Co. is adopting a cash balance pension plan for new and current employees, according to a news report.

Retirement assets fell 5.9% from $16.9 to $15.9 trillion during the third quarter of 2008, according to Investment Company Institute (ICI) data.

Registered independent advisers (RIAs) plan to increase their ETF usage, according to a new Strategic Insight report.

New York State Attorney General Andrew Cuomo subpoenaed Kenneth Lewis, chairman and CEO of Bank of America (BoA), Thursday, according to published reports.

Almost one-fifth of advisers are considering a move to independence, according to Cerulli Associates.

The American Society of Pension Professionals&Actuaries (ASPPA) has begun offering education, including a new credential and certificate program, for professionals who specialize in the tax-exempt and governmental retirement...

Putnam Investments said it named David Glancy as managing director and portfolio manager.

RiverSource Investments announced the launch of the RiverSource Recovery and Infrastructure Fund.