ProShares Launches Two ETFs
ProShares launched ProShares UltraPro 10 Year TIPS/TSY Spread (UINF) and ProShares UltraPro Short 10 Year TIPS/TSY Spread (SINF).
News
Envestnet to Acquire Prima Capital
Envestnet Inc., a provider of wealth-management solutions for financial advisers, is acquiring Prima Capital Holding Inc.
Adviser Produces 401(k) Planning Podcast
Financial advisory firm Guardian Capital Advisors, LLC, released a podcast about 401(k) planning for companies.
BWC Launches as RIA Firm
Beirne Wealth Consulting LLC (BWC) launched as an independent registered investment adviser (RIA).
Younger Investors Reluctant to Make New IRA Contributions
Less than half (45%) of young investors plan to contribute to an Individual Retirement Account (IRA) for the 2011 tax year.
Pioneer Launches Tool for 408(b)(2) Compliance
Pioneer Investments launched a tool for registered investment advisers (RIAs) to help them comply with the new 408(b)(2) regulation.
Men Save Less in Male-Dominated Environment
Men tend to become impulsive, save less and use credit cards more when under the perception that women are scarce, according to research from the University of Minnesota’s...
Investors Rank Financial Advisers Highly
More than four out of five investors who work with a financial adviser indicate a high level of trust in those professionals (82%), according to a John Hancock...
White Paper Evaluates Retirement Income Strategies
Principal Financial Group released a white paper called “Income Distribution: Comparing a Bucket Strategy and a Systematic Withdrawal Strategy.”
Controlling Funded Status Volatility Top Priority Among Pension Plan Sponsors
Pension plan sponsors view controlling funded status volatility as the top priority for their organizations, reports an SEI Quick Poll.
Great-West Appoints Regional Sales Director
Great-West Retirement Services appointed Cheney Hunt as regional sales director for San Diego, California.
CAPTRUST Continues Expansion
CAPTRUST has added four retirement industry veterans to its team of advisers and opened an office in Kansas City.
Goldman Acquiring Dwight Asset Management
Goldman Sachs Asset Management (GSAM) is acquiring Dwight Asset Management (Dwight) from Old Mutual Asset Management (OMAM).
Advisers Must Prepare for Transition from SEC to State Registration
Mid-sized advisers must transition their registration from the Securities & Exchange Commission (SEC) to their applicable state authorities and are encouraged to begin the process as soon as...
Company Stock Holdings Decreased Since PPA
The share of plan assets in company stock fell seven percentage points for KSOPs because of the diversification provisions in the Pension Protection Act of 2006 (PPA2006).
DoL Sues Company for Failure to Remit Contributions
The U.S. Department of Labor (DoL) filed a lawsuit against Towson Rehabilitation Center LLC and CEO Howard Neels for failing to remit employees’ contributions to the company’s 401(k)...
TD Ameritrade Appoints President
Tom Nally was appointed president of TD Ameritrade Institutional, the firm’s business unit serving independent registered investment advisers (RIAs).
Study Finds Decreasing Numbers of Provider Changes
Retirement plan sponsors who conduct marketplace reviews with finals presentations are 55% more likely to remain with their current provider today than they were as recently as four...
Foundations and Endowments See Negative Performance in 2011
The majority of institutional asset owners closed 2011 in positive territory, according to the Wilshire Trust Universe Comparison Service (Wilshire TUCS).
J.P. Morgan Asset Management Expands Strategy Group
J.P. Morgan Asset Management hired Roberts Grava as managing director in its Strategy Group.