Though Strapped Financially, Most Aren’t Protecting Income
Although nearly all (95%) consumers would have to change their lifestyle if they lost part of their family’s income for three to six months, only about half reported...
News
Threadneedle Name Comes to U.S.
Threadneedle, a global asset manager based in London, has come to America.
Kim to Head Up NYLIM
New York Life Insurance Company says that John Y. Kim, 47, will join the company and head its investment management arm, New York Life Investment Management LLC (NYLIM).
UBS Adds Houston Office to Private Wealth Management Network
UBS Financial Services Inc. has opened a Private Wealth Management office in Houston, Texas, the eighth of such offices dedicated to serving the specialized needs of clients with...
DC Assets Surpass $10T Mark in 2007
Mostly due to gains in the financial markets, total retirement plan assets reached $15.6 trillion in 2007 - an increase of almost 9% over 2006 – according to...
Schwab Sees Roth 401(k) Takeup Rates Rising
The number of employers offering a Roth 401(k) showed a dramatic increase between 2006 and 2007, according to data released by Charles Schwab.
Pershing Adds Four Providers to Nexus Funds Solution
Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, announced the addition of four new mutual fund providers to...
IMHO: The Letter of the Law
An early “win″ for plan sponsors (perhaps more accurately, a win for a plan sponsor) was Hecker v. Deere&Co.
IMHO: The Letter of the Law
An early “win″ for plan sponsors (perhaps more accurately, a win for a plan sponsor) was Hecker v. Deere&Co.
ETF Assets Drop in February
Exchange-traded fund assets declined in February, but have nonetheless increased 29.1% over the past year.
Collective Funds Next Trend in Plan Investments
A whitepaper presented by AST Capital Trust with contributions from Hewitt Associates claims the grip is easing on mutual funds’ reign as king of 401(k) plans investments.
Barclays Launches Five New ETFs
Barclays Global Investors (BGI) announced the launch of five new iShares international exchange-traded funds (ETFs).
Mutual Funds Make a Comeback in February
The combined assets of U.S. mutual funds increased by $14.37 billion, or 0.1%, to $11.742 trillion in February, according to data from the Investment Company Institute (ICI).
NJ Court Hears Challenge to Smith Barney Company Stock Forfeiture Policy
New Jersey Supreme Court justices are considering whether a Smith Barney company stock policy in which brokers who leave the firm before two years forfeit their rights to...
Many Have Access to Asset-Allocation Funds, But…
Almost 60% of retirement plan participants responding to a recent survey said they have an asset-allocation investment option in their plan.