New Merrill Brokers Get Pink Slips
Merrill Lynch laid off an undisclosed number of short-tenured advisers this week, according to news reports.
News
McColgan To Exit Morgan Stanley
Ellyn McColgan, president and COO of the global wealth management group at Morgan Stanley, will not be around when the group merges with Smith Barney, according to a...
Janus Bows out of Institutional Money Market Business
The Janus Capital Group is exiting the institutional money market business after deciding its money market offerings have not achieved the size necessary to be sufficiently profitable.
Participants Learned Hard but Good Lessons
Market volatility in 2008 caused many investors to seek help, according to Fidelity Investments.
Tenn. Hospital System Stops 403(b) Match
The West Tennessee Healthcare system has suspended its 403(b) plan match.
Court Rules Document Request not Subject to ERISA Time Limit
A court determined that an employer did not have to provide certain documents requested by cash balance plan participants within 30 days as required by the Employee Retirement...
Longevity Risk Makes for More Frugal Elderly
One potential reason why some elderly run down their assets slowly is uncertainty over their life spans, suggests an analysis by the National Bureau of Economic Research (NBER).
Northwest Target-Date DC Plan Escapes Legal Challenge
A federal judge in Minnesota has rebuffed an age-discrimination challenge to Northwest Airlines' defined contribution plan, ruling that the use of age as a factor for a benefits...
Unions Cannot File Grievance over 403(b) Changes
Whether unions representing Minnesota District 861 teachers and paraprofessionals can legitimately file a grievance over 403(b) plan changes is under debate.
Web-Based Tool Helps Advisers Perform Roth Conversion Analyses
Convergent Retirement Plan Solutions, LLC, and Archimedes Systems, Inc., released the Roth IRA Conversion Optimizer for financial advisers.
Geneos Wealth Management Enhances CRM System
Geneos Wealth Management announced the latest improvement to its technology platform, Artesian CRM 3.0.
Roberts Joins Reish Luftman to Focus on Advisers
Jason Roberts moved from Edgerton Weaver, LLP, to join as a partner in the Employee Benefits practice at business law firm Reish Luftman Reicher&Cohen.
SellingLTC.com Launches Free Long-Term Care Insurance Resource Center
For advisers interested in selling or learning more about long-term care insurance, SellingLTC.com offers a free resource center.
A Sure Thing?
Generally speaking, there’s no such thing as a sure thing – certainly when it comes to investing.
Northern Trust Shutters ETF Family
Northern Trust announced Tuesday the scheduled closing of Northern Exchange Traded Shares (NETS) traded on NYSE Arca for February 20.