News

PowerShares Capital Management LLC has announced the anticipated listing of the PowerShares India Portfolio, a new exchange-traded fund (ETF) expected to begin trading in mid- to late-February on...

National Retirement Partners, Inc. (NRP), a network of independent retirement plan focused advisers, has announced six new member firms.

Putnam Investments has announced its Global Asset Allocation (GAA) Team will assume responsibility on an interim basis for Putnam Voyager Fund and Putnam Growth Opportunities Fund.

Stock and bond mutual funds experienced net inflows of $47.2 billion in December and $376.3 billion for the year, according to data from the Financial Research Corporation (FRC).

High net worth individuals are primarily concerned about the safety of their family, but they also have significant concerns about the protection of financial assets such as stocks,...

American International Group, Inc. (AIG) has reached settlements with nine states and the District of Columbia relating to industry-wide investigations into producer compensation and insurance placement practices.

Claymore Securities, Inc. has introduced a Web-based tool designed to help financial advisers recommend asset investment strategies to their clients.

As the U.S. Supreme Court ponders whether a 401(k) participant can pursue a fiduciary breach suit on behalf of himself rather than on behalf of the plan, a...

Those with individual retirement accounts (IRA) tend to keep that money where it is for potential use later on in their retirements, according to a new Investment Company...

DWS Scudder, the U.S. retail unit of Deutsche Bank’s Asset Management division (DeAM), has announced the appointment of four senior professionals to the firm’s wholesale distribution team.

Today, Integrity Mutual Funds, Inc. announced a new initiative providing solutions-focused education to its investors and financial advisers.

Prudential Annuities is adding three new options (two optional living benefits and one optional accumulation benefit) to its variable annuities to help investors capture an annuity’s highest daily...

Third Party Administrators (TPAs) now have a new, more efficient way of conducting business – and there are benefits for advisers, as well.

With lightning speed, the House managed to cobble together an economic stimulus package last week, the Senate will take it up this week, and President Bush seems eager...

WisdomTree Investments, Inc. is partnering with The Dreyfus Corporation to offer co-branded international cash and fixed income exchange-traded funds (ETFs) as part of the WisdomTree Trust.

Kathy Curtis has been named director of marketing for Mutual of Omaha’s Retirement Services area.

Peter J. Smail, president of Fidelity Investments’ institutional investment management business, is retiring from his post, the financial services firm announced.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has launched the SSgA Core Edge Equity Fund, a long-short (130/30) mutual fund that seeks...

Standard&Poor’s has launched the S&P Dividend Opportunities Indices, two new indexes designed to “provide investors with exposure to high yielding stocks throughout the world.″

MassMutual has adopted an enhanced regional model for its adviser and plan sponsor service operations that it says offers enhanced synergy between sales and service both before and...