News

Citigroup Inc. has agreed to pay $33 million to about 2,500 current and former female brokers for its Smith Barney unit to settle a gender discrimination lawsuit.

The Newport Group has tapped Donna Haggin as Regional Director, reporting to Newport’s Chief Marketing Officer Tom Pittman.

Although retirement plan providers supply investment education materials to 56% of participants surveyed by Spectrem Group, only 12% said they refer to these materials on a regular basis...

John Barry of Torrance, California has been named the 2008 PLANSPONSOR Retirement Plan Adviser of the Year and FFoA in Pearl River, New York has been named the...

Renowned bond manager PIMCO has launched a target-date solution that the firm says “…differ from many older and less diversified types of target date funds.”

CAPTRUST Financial Advisors, an independent retirement advisory firm, has completed the acquisition of the retirement plan division of Birmingham, Alabama-based Capital Strategies Advisors Inc.

Only one-third of respondents to a survey by Bank of America are on track with their retirement planning efforts, and nearly one-quarter (23%) report they have not started...

A recent study suggests current economic woes may lead financial advisers to rely more heavily on asset manager leadership.

The “pat″ answer to that question has long been “to get to the other side.″

Consulting Group, the managed money unit of Smith Barney, has announced the launch of a new unified managed account program, Select UMA.

Vanguard has filed a registration statement with the Securities and Exchange Commission for the firm’s first passively managed global index fund.

This spring, 3.33 million students will graduate from high school, the largest class in American history.

A new survey found that 43% of non-retirees said debt affects their ability to save for a comfortable retirement “a great deal,″ while 32% of non-retirees said debt...

AIM Investments is now Invesco Aim.

Affluent active savers are much more optimistic about their ability to reach their financial goals and their control level towards their finances than they are about the state...

AXA Equitable Life Insurance Company has launched a new variable annuity designed specifically as a rollover option for employees taking distributions from employer-sponsored retirement plans at Fortune 1000...

Although nearly all (95%) consumers would have to change their lifestyle if they lost part of their family’s income for three to six months, only about half reported...

Threadneedle, a global asset manager based in London, has come to America.

New York Life Insurance Company says that John Y. Kim, 47, will join the company and head its investment management arm, New York Life Investment Management LLC (NYLIM).

UBS Financial Services Inc. has opened a Private Wealth Management office in Houston, Texas, the eighth of such offices dedicated to serving the specialized needs of clients with...