News

Five black current and former employees of Bank of America Corp. filed a discrimination suit Thursday against the bank, alleging that it assigns its black employees to primarily...

Harris Investment Management is now offering institutional investors a long equity portfolio geared toward the microcap U.S. equity market, an international equity product, and a long/short equity product.

Nearly three-quarters of workers say they plan to continue working on a part-time basis after retirement; 21% say that part-time work will be a major source of retirement...

An online payroll services firm is getting ready to bring a new online 401(k) offering to market.

The Citi Smith Barney Working Wealth Investor Poll for May indicates a u-turn in affluent investors’ confidence.

Nearly two-thirds (62%) of micro-business owners say the cost of administering and contributing to a retirement plan is the biggest hurdle to offering them.

Prudence is an integral part of ERISA’s DNA, but what about investments of a prurient interest?

If you work with retirement plans with investments at Fidelity, brace yourself.

John Hancock has added three new strategies to its target-risk Lifestyle portfolios, effective May 1, the company announced.

While many high-net-worth Americans vow to make financial planning decisions without the aid of an adviser, a growing number admit they’re relatively clueless about investing.

Despite the fact that the majority of high-net-worth individuals say they are extremely secure with their long-term wealth, their primary financial concern is their retirement security.

Fidelity Investments has unveiled three new Fidelity Advisor funds, providing financial advisers and their clients with greater diversification across asset classes and geographical areas.

Scott Wertheim has joined CAPTRUST Financial Advisors as a Vice President, Financial Advisor in New York.

Claymore Advisors, LLC will be using Morningstar Super Sector Indexes for its new exchange-traded funds (ETFs) that track the manufacturing, services and information sectors.

The Securities and Exchange Commission has decided not to challenge a controversial court decision regarding broker registration.

Through relationships with Oracle and Emerging Information Systems Inc. (EISI), Fidelity Investments will introduce customized and efficient customer relationship management (CRM) and financial planning systems for registered investment...

Nearly half (40%) of affluent households will continue to, or begin to, seek investments abroad, according to a new report from consulting firm Spectrem Group.

Daughters are more than twice as likely as their mothers to enter retirement steeped in debt of $25,000 or more and be forced to work far longer than...

Despite all the recent attention to, and discussions about, phased retirement for Baby Boomers, a new study indicates some employers aren’t jumping for joy about the prospect of...

Lincoln National Life Insurance Company now offers participants in the firm’s defined contribution plans an annuity distribution option.