Most 401(k) Participants not Aware of Fees
More than seven in ten 401(k) plan participants said they do not pay fees to plan providers in a recent AARP survey.
News
UBS Offers ETN for Business Development Companies
UBS Investment Bank announced that it added to its suite of E-TRACS exchange-traded notes (ETNs) an E-TRACS linked to the Wells Fargo Business Development Company (BDC) Index.
ING Rebrands ShareBuilder Subsidiary
ING DIRECT USA’s broker/dealer subsidiary, ShareBuilder Securities Corporation, will be renamed ING DIRECT Investing, Inc.
Keeping a (Virtual) Eye on Your Bag
The mysterious disappearance of a checked baggage may soon be a thing of the past.
Mutual of Omaha Expands Fiduciary Services
Mutual of Omaha said it will begin offering a plan-level fiduciary service option to its retirement plan customers.
529 Plan Assets Increased 11.5% in 2010
The College Savings Plans Network (CSPN) reports that assets under management in 529 plans increased 11.5% in 2010 net of contributions and distributions.
Lack of Research Limits Adviser Use of Closed-End Funds
Aberdeen Asset Management surveyed financial advisers and found that more than 75% would like more information on closed-end funds.
Employers Should Offer More Help to Retiring Employees
Transamerica surveyed benefits directors and found that many believe their organizations do not do enough to help employees make critical decisions at the point of retirement.
Brokerage Launches Multiple Employer Plan for Physicians
Millennium Brokerage Group launched Physicians 401k, a multiple employer plan (MEP) designed for physicians and their practices.
Russell Develops Tool for Measuring Business Success
Russell Investments launched the Advisor Health Index, a tool that provides financial advisers with a high-level "health" assessment of their practice in comparison to other advisory firms.
State Street Adds to Derivatives Team
State Street Corporation announced that Charles Cooper has joined the company as senior managing director of State Street’s eExchange derivatives program.
National Advisors Trust Adds UMA Offering
National Advisors Trust Company has added Envestnet UMA – a customizable unified managed account solution – to its platform for registered investment advisers (RIAs).
Advisers Not Doing Enough for Affluent Gen X Investors
Affluent investors in the Gen X demographic – between the ages of 29 and 44 – using advisers saw significantly less growth in their portfolios last year than those...
Perspective: Better than “Good Enough”
I read with interest about Putnam Investments’ recent success with its online Lifetime Income Analysis Tool—a tool that projects how much income a participant’s savings may generate in...
Study Finds DC Plans May Have a Role in Public Sector
The Center for Retirement Research has found that defined contribution plans may have a role in the public sector, but in combination with, not as an alternative to,...