Mutual Funds Saw First Outflows Since Dec. 2010
Long-term mutual fund flows turned negative in June for the first time since December 2010, Morningstar reports.
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ETF Asset Flows Had Turnaround in June
Morningstar reports that U.S. exchange-traded funds (ETFs) saw inflows of $9.8 billion in June after outflows of $3.1 billion in May.
DoL Extends Applicability Dates for Fee Disclosure Rules
The Department of Labor’s (DoL) Employee Benefits Security Administration has issued a final rule that extends the applicability date for fee disclosure.
Van Eck Launches Closed-End ETF
Van Eck Global has released its Market Vectors CEF Municipal Income ETF (XMPT), the first exchange-traded fund (ETF) to specifically focus on closed-end municipal bond funds.
Precidian Funds Releases Japanese ETF
Precidian Funds LLC has launched its first U.S. exchange-traded fund (ETF) based on the Nikkei 225 index of Japanese equities.
Edward Jones and CPI Launch 401(k) Program
Kansas-based retirement service provider, CPI Qualified Plan Consultants, Inc., is releasing a 401(k) program available exclusively to Edward Jones financial advisers.
ASPPA’s Hoffman Presents Washington Roundup
At a conference in New York City this week, sponsored by the IRS and ASPPA, Craig Hoffman, General Counsel for ASPPA, discussed several hot-button issues working their way...
IndexIQ Releases Emerging Markets Mid Cap ETF
The IQ Emerging Markets Mid Cap Exchange-Traded Fund (ETF) was designed to allow investors to isolate pure-play Emerging Market mid-cap exposure.
Sawyer to Lead BAML DC Product Management
Dee Sawyer has been appointed Head of Defined Contribution (DC) Product Management at Bank of America Merrill Lynch.
McGraw-Hill Develops Plan Review Materials
McGraw-Hill Financial Communications and ExpertPlan, Inc., are rolling out a presentation tool for financial professionals to use with 401(k) plan sponsor clients, called the Annual Plan Review Book.
Charles Schwab Enhances Global Investing Capabilities
Charles Schwab has partnered with Broadridge Financial Solutions to expand its global investing strategies.
Schwab Advisor Services to Offer Laser App to RIAs
Schwab Advisor Services announced that Laser App, a desktop software package, will be widely available to advisers that custody with the company by the end of the year.
Americans Revising Retirement Ideals
A new study sponsored found a significant shift in attitudes and actions regarding retirement in Americans since an initial study in 2001.
Uncertainty Makes It Hard to Plan for Retirement
Shifting and uncertain retirement dates are becoming the norm in the American workforce, making it harder for employees to establish meaningful financial plans, recent MetLife research indicates.
Fiduciary Support Not a Focus in Provider Search
Although regulatory changes to fiduciary responsibilities and disclosures loom on the horizon, plan sponsors of all sizes say that strong fiduciary support services falls low on the list...
Fidelity Finds Stock Plan Participants Need Education
The majority of workers with employee stock option, stock purchase, and restricted stock plans have sold shares obtained via their company’s stock plan in the past, but many...
Fewer Assets for Equal Income
A white paper from Prudential Retirement discusses what effect the incorporation of guaranteed minimum withdrawal benefits (GMWBs) can have on retirement income and security.
Charles Schwab Adds to Executive Team
Charles Schwab Investment Management, Inc. (CSIM), the investment adviser to Schwab and Laudus Funds, has announced the appointments of Omar Aguilar, Brett Wander, and John Sturiale to the...
Majority of Employers Plan to Reinstate Match
The results of the 12th Annual Transamerica Retirement Survey reveal employer confidence is rising and it appears to be translating into a renewed commitment to retirement benefits for...
Van Hulzen Introduces Iron Horse Fund
Northern California-based Van Hulzen Asset Management, LLC, and New York-based Witter Partners LLC have launched the Iron Horse Fund.