News

Mutual fund net sales will trend up by 2% annually, but investors will have to look elsewhere for the real significant growth, according to a new study.

Taking what he calls a “cautiously optimistic view for 2008,″ Bob Doll, Vice Chairman and Chief Investment Officer of Global Equities at BlackRock, Inc., predicts that the U.S....

The board of directors of PMFM, Inc., an Athens, Georgia-based registered investment adviser, has tapped Judson P. Doherty as president, effective immediately.

CAPTRUST Financial Advisors has announced that Beryl Ball has joined the advisory and research firm.

Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, has launched the Exchange-Traded Funds (ETF) Center to provide its introducing broker/dealer and independent registered investment...

Standard&Poor’s has launched the S&P 500 Inverse Index, designed to provide investors with the inverse performance of the S&P 500.

Executive Vice President Elaine Sarsynski, currently Chairman, President and CEO of MassMutual International LLC, will assume additional responsibilities as head of the Retirement Services Division.

How much money does it take to be considered rich?

Standard&Poor’s has launched a new investable index seeking exposure to environmentally responsible investment strategies.

Federated Investors has launched Federated Kaufmann Large Cap Fund, an equity fund that seeks to provide capital appreciation by investing in the securities of large companies.

Four investment industry veterans have hung out a new shingle as Agility Asset Management, LLC.

Dave Liebrock, formerly executive vice president, retirement, at Fidelity Investments Institutional Services, Co., has left the firm to become a financial adviser with CAPTRUST Financial Advisors.

Advisers that work with cash balance plans now have access to an asset allocation solution developed specifically for those programs.

Just after Christmas my family flew to Chicago for a surprise – my mother-in-law’s 85th birthday.

Marsh&McLennan Cos.' Insurance brokerage unit Marsh announced changes to its global organizational structure as well as several senior management appointments.

Plan sponsors are confronted with a bewildering array of target-date funds - but lack a generally accepted benchmark for the popular product category.

In an effort to enact Pension Protection Act (PPA)-mandated changes, the Internal Revenue Service (IRS) has put out a proposed regulation generally barring restrictions on publicly-traded employer stock...

Chicago-based Hub International Limited, an insurance brokerage, announced Hub International of California Insurance Services, Inc. has acquired employee benefits consultant JRN Benefits.

A majority of employers have no intention of terminating their non-qualified executive retirement plans due to final Internal Revenue Code rules governing these arrangements, according to a survey...

Financial services firms rank the ability to acquire and retain clients as their number one business challenge in 2008, according to a survey by Cerulli Associates.