News

Hewitt Associates has established a U.S. Defined Contribution (DC) Consulting practice.

Newport Beach, California–based PIMCO announced Tuesday that the former head of Harvard University’s endowment is returning to help run the Golden State money manager.

Wachovia Securities Financial Network (WSFN) has announced it will provide comprehensive practice valuations (a 60+ page analysis of the firms) to the top 20% of its affiliated independent...

Los Alamos, New Mexico, earned the top spot for the second year in a row on A.G. Edwards’ third annual Nest Egg Index, which ranks America's 500 top-performing...

James J. Tracy has been named Director of Investment Advisory Services for Smith Barney.

SEI has formed a strategic alliance with Aon's Affinity Insurance Services, Inc. (Affinity) to offer Errors&Omissions (E&O) Insurance to participants in its advisory market.

The U.S. Department of Labor (DoL) on Tuesday issued two rules under the Pension Protection Act of 2006 (PPA) relating to choosing an annuity provider for distributions from...

The Securities and Exchange Commission (SEC) has approved a new Financial Industry Regulatory Authority (FINRA) rule governing broker-dealer sales practices with respect to purchases and exchanges of deferred...

The Financial Industry Regulatory Authority (FINRA) announced the initiation of two regulatory sweeps intended to ensure that securities firms are using appropriate sales practices in their dealings with...

Lincoln Employer Markets, a division of Lincoln Financial Group, announced that Morgan Stanley will now offer the Lincoln American Legacy Retirement product.

Standard&Poor’s has launched the S&P National Municipal Bond Index.

Through a partnership with AST Capital Trust, Delaware Investments is launching four collective trust funds.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, will launch a municipal bond exchange-traded fund (ETF).

The Treasury Department and the Internal Revenue Service (IRS) on Monday gave plan sponsors until December 31, 2008 to bring documents into compliance with the final nonqualified deferred...

Barclays Global Investors on Monday launched the first municipal bond exchange-traded fund (ETF) that trades on the American Stock Exchange.

Advisor Software, Inc., a provider of wealth management solutions for the advice market, has announced Schwab Institutional will offer ASI Portfolio Rebalancing Solution to all advisers using the...

Fidelity Investments and SunGard have announced the addition of new services to their integrated trading and custody platform for trust institutions and third party administrators (TPAs).

A new paper from Russell takes issue with the traditional two strategies recommended by financial advisers to hedge against longevity risk: buying guaranteed annuities and/or reducing spending should...

This week I’m going to do something I never thought I would do again.

SunTrust Banks, Inc. will offer its Wealth&Investment Management clients a multi-style, multi-adviser, single-account service to provide them with enhanced diversification through a wider range of traditional and alternative...