News

Silas Myers and Brian Massey, longtime portfolio managers at Roxbury Capital Management, have launched a new large-cap growth firm with the full backing of their former employer.

Wealth Management Systems, Inc. (WMSI), provider of technology-based rollover services, announced that Scottrade, an online investment firm, will join WMSI’s IRA Marketplace.

MetLife has renamed its Personal Income Builder deferred income annuity to Longevity Income Guarantee (LIG), and has made it available through MetLife Investors, the company’s independent distribution arm.

ALPS Fund Services and Red Rocks Capital, a Denver-based investment adviser specializing in products investing in private equity, are together launching a mutual fund that invests in the...

Having spent three days immersed in PLANSPONSOR’s second annual DB Summit, I was struck by just how relatively “easy″ participant-directed plans—be they 401(k), 403(b), or 457- are.

Fewer than two advisers in 10 anticipate increasing their use of open-end mutual funds and mutual funds' share of the product pie will drop from 35% to 31%,...

A federal judge in New York has rejected claims by investors in nine Salomon Smith Barney mutual funds that the funds’ fees were too high.

Investors in loaded mutual funds underperform their own funds' reported returns by three times as much as no-load fund investors even though the load investors are paying for...

Families with college-bound children who work with a financial adviser are on their way to being able to pay 47% of their college costs – significantly better than...

Barclays Capital has launched the Barclays Capital Global Carbon Index tracking the performance of carbon credits associated with the world's major greenhouse gas emissions trading schemes.

Trusco Capital Management, Inc. has named James E. Stueve to the newly created position of Managing Director of Consultant and Financial Intermediary Sales.

Effective December 1, the annual program management fee for current and future John Hancock Freedom 529 Savings Plan account holders has been decreased.

AIM Investments has launched a new marketing program for financial advisers to learn about and develop a business strategy for the 401(k) marketplace.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, says that a new high yield exchange traded fund began trading yesterday.

A 401(k) participant excessive fee lawsuit against a Connecticut-based manufacturer has been certified as a class action, moving it one step further through the legal process.