News

ING Direct has agreed to buy ShareBuilder Corporation's online brokerage business for $220 million.

Citigroup, which suffered a recent management shakeup over its subprime mortgage crisis fallout, has been charged with imprudently allowing 401(k) company stock investments despite “serious mismanagement.″

Non-qualified deferred compensation (NQDC) plans continue to be widely utilized and more employers are turning to corporate-owned life insurance (COLI) to informally fund them, according to a new...

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has announced that Thomas Anderson has joined its Intermediary Business Group as head of the...

Hewitt Associates has expanded its 401(k) services through a relationship with Wealth Management Systems Inc. (WMSI) and WMSI’s rollover resource.

Milliman, Inc. has released the newest version of its MG-ALFA financial projection software.

Callan Associates has unveiled the Callan DC Index, which allows clients to track how defined contribution (DC) plan decisions impact fund flows, asset allocation, and investment performance.

Affiliated Computer Services (ACS) announced that it is partnering with Wealth Management Systems Inc. (WMSI) to offer a suite of rollover distribution options.

The Hartford Financial Services Group has named Keith Sloane to the newly created position of senior vice president to lead the company’s mutual fund and 529 businesses.

PowerShares Capital Management LLC has announced three new additions to its family of fixed-income ETFs.

SEI has launched Distribution-Focused Strategies (DFS), which enables advisers to provide clients with consistent distribution levels for retirement.

Lincoln Financial Advisors has hammered out an agreement with the American Osteopathic Association (AOA) to give AOA members access to Lincoln advisers’ services.

The recent turbulence at Merrill Lynch, including the negative outcomes on the financial giant’s stock price, has already drawn the scrutiny of ERISA litigators.

Another pension fund has filed suit against State Street for “investing purportedly conservative, risk-averse bond funds in high risk mortgage backed securities and exotic financial instruments.″

I was having coffee with a buddy of mine a couple of weeks back, and before long the discussion turned to music; specifically the new Bruce Springsteen CD.

I was having coffee with a buddy of mine a couple of weeks back, and before long the discussion turned to music; specifically the new Bruce Springsteen CD.

Two more lawsuits have been filed against State Street Corp. over its now controversial stewardship of fixed income funds marketed as following conservative trading strategies, but which faced...

WealthTrust LLC announced it has signed definitive agreements to acquire Fairport Asset Management, a Cleveland, Ohio-based wealth management firm, and Axiom Asset Management, a Radnor, Pennsylvania-based wealth management...

Although participation in an employment-based retirement plan increases with age, overall, the percentage of workers participating in an employment-based retirement plan decreased to 39.7% in 2006 from 40.9%...

Merrill Lynch is under scrutiny from the Securities and Exchange Commission (SEC) for allegations that its Florida consulting operation charged hidden fees and engaged in conflicts of interest,...