News

Fidelity Registered Investment Advisor Group has been renamed Fidelity Institutional Wealth Services.

The Investment Company Institute (ICI), a mutual fund trade group, has asked the U.S. Treasury Department and the Internal Revenue Service (IRS) to put off the effective date...

Wealth management solutions provider Envestnet Asset Management is partnering with Business Logic Corporation, a financial software provider, to offer a unified retirement solution for retirement plan providers, financial...

Although the enforcement division of the U.S. Securities and Exchange Commission (SEC) has instituted management improvements in recent years, it has some distance to go to reach its...

Securian Retirement has come out with target-date funds that use an employee’s age rather than their expected retirement age.

Money manager Lord Abbett&Co. has announced some shuffling in executive management positions, including the appointments of a new Managing Partner, Senior Partner, and Chief Investment Officer.

Marsh&McLennan Companies, Inc. says that Brian M. Storms is stepping down from his position as chief executive officer of Marsh, Inc., MMC’s insurance broking subsidiary, effective immediately.

Sustainable Asset Management (SAM) is expected to make its Sustainable Water, Sustainable Climate, and Global Sustainability strategies available to U.S. institutional and retail investors by the end of...

Mutual of Omaha now offers employers in the state of New York a portfolio of retirement services that includes, among other things: 401(k) plans, target date funds, and...

IndexIQ has launched an asset management business that will be led by Austin “Gus″ Fleites, the former Chief Investment Officer and head of exchange-traded funds (ETFs) at ProShares.

Merrill Lynch has revamped its retirement Web site and has kicked off a month of national, Web-based promotions to draw attention to it.

In inflation everything gets more valuable except money

In inflation everything gets more valuable except money

Boston Financial Data Services, Inc., a Quincy, Massachusetts-based financial services outsourcing provider, has tapped Jude Metcalfe as senior vice president and head of Retirement Services.

Fiserv Investment Support Services is now offering collective investment funds (CIFs) as an option for retirement plans.

Prudential Retirement has added two mid-cap growth institutional sub-advised funds to its investment platform.

Recordkeeper ExpertPlan has opened its first regional office in Atlanta, Georgia.

Standard&Poor’s said Tuesday the world’s emerging and developed equity markets posted negative returns in August, with emerging markets dropping 1.94% and developed markets giving back 0.36% over the...

A new Vanguard analysis based on its 2006 defined contribution recordkeeping data finds concerns about participants’ plan participation, savings, and investing behaviors.

The Securities and Exchange Commission (SEC) charged 69 auditors with issuing audit reports on the financial statements of public companies although the firms were not registered with the...