News

Accusations of mismanagement have been leveled against Merrill Lynch by government clients in a second state, the Wall Street Journal reported.

WisdomTree Investments, Inc. has announced that the WisdomTree Trust intends to launch an earnings-weighted India exchange-traded fund (ETF) under the ticker symbol EPI in the latter part of...

Demand from institutional investors for precise and often-custom made indexes to allow them to meet socially responsible investment (SRI) constraints could represent a significant revenue loss problem for...

A new study of the private equity market finds that securitization - bundled funds of publicly traded private equity firms - is changing the private equity asset class.

Almost all (91%) financial planner CPAs surveyed by the American Institute of Certified Public Accountants (AICPA) cited retirement as a top personal finance concern of clients.

Legg Mason, Inc. has launched the Legg Mason Partners 130/30 U.S. Large Cap Equity Fund.

J.&W. Seligman&Co. Incorporated has announced that Seligman Time Horizon/Harvester Series has been renamed and the names of the funds in the series have also been changed.

Massachusetts Mutual Life Insurance Company has announced enhancements to certain deferred variable annuities in its portfolio of retirement income products.

TIAA-CREF has introduced the Lifecycle Retirement Income Fund, intended for investors who are nearing retirement, are looking to roll over assets to an IRA from a retirement plan,...

A federal judge in Indiana is allowing a Merrillville, Indiana law firm to continue with its lawsuit against its 401(k) investment managers and recordkeeper over the amount of...

Standard&Poor’s has launched a family of indices designed to model common arbitrage strategies in the financial markets.

UBS Global Asset Management is teaming with Genworth Financial to introduce a guaranteed income for life option.

After months of research, informal talks with vendors, and not a few inquiries to a few “trusted advisers,″ just before Christmas, we finally made our decision.

After months of research, informal talks with vendors, and not a few inquiries to a few “trusted advisers,″ just before Christmas, we finally made our decision.

More than 50 international iShares funds, all of which previously distributed income annually, will begin distributing income twice per year.

CPI Qualified Plan Consultants, Inc., has created a new division to offer common remitter and compliance services to 403(b) retirement plan sponsors.

After declaring that none of the six major insurance providers accused in a commission conspiracy were fiduciaries under the Employee Retirement Income Security Act (ERISA) a federal judge...

Shifting two hours per week from administrative duties to selling can result in millions of dollars in incremental sales for companies.

As a result of a difference in their length of time in the workforce, women who were older than 50 in 2006 were much less likely to have...

The Internal Revenue Service (IRS) announced that a new version of Form 4461-A, “Application for Approval of Master or Prototype or Volume Submitter Defined Benefit Plan,″ has been...