It’s All in the Stars… If You Believe That Sort of Thing
A recent study from CareerBuilder examines patterns in career paths and how they align with astrological signs and birth order.
News
IRS Updates Procedure for Opinion and Advisory Letters
The Internal Revenue Service released Revenue Procedure 2011-49, on new requirements for sponsors of pre-approved plans seeking opinion and advisory letters that...
MIRA and SFS Form Partnership to Pool Resources
Millennium Investment and Retirement Advisors (MIRA) and Southeastern Fiduciary Services (SFS) have formed a partnership.
Liberty Mutual Develops Partially Customizable Annuity
Liberty Life Assurance Company of Boston is introducing its Freedom Series Builder Annuity.
Litman Gregory Launches Alternative Strategies Fund
Litman Gregory Fund Advisors has launched its Litman Gregory Masters Alternative Strategies Fund.
INTECH Introduces Absolute Volatility Equity Strategies
INTECH Investment Management launched a suite of absolute volatility equity strategies.
Russell Launches Four Small Cap ETFs
Russell Investments launched four Small Cap Investment Discipline exchange-traded funds (ETFs) on NASDAQ.
DoL Claims Nearly $2M Withdrawn Illegally from Plan
The U.S. Department of Labor has filed a complaint in federal court against A.B.D. Tank & Pump Co. and Keith Davis, its president and owner, to restore more...
Securian Appoints Manager for Wealth Management Services
Jason Schuller of Minneapolis was named Senior Vice President with responsibility for the new Wealth Management Services unit at Securian Trust Company.
Investors Losing Confidence; Blame Weak Economy and Divided Politics
Investor optimism has plummeted according to Wells Fargo/Gallup poll, which found two in three investors are feeling a loss of control in their efforts to build their savings.
Operational Risk in Managed Accounts Can Cause Problems
A Cerulli report contends that while managed accounts are stable from an investment-risk and a regulatory standpoint, operational risk remains a concern.
PSCA Releases Results of Annual Survey of 401(k) Plans
The Profit Sharing/401k Council of America found that of the 820 companies that participated in the survey, less than half have an automatic enrollment feature.
T. Rowe Names Head of New Fixed Income Solutions Group
T. Rowe Price has created a new Fixed Income Solutions Group and hired Peter S. Austin to lead it.
ING Introduces Indexed Universal Life Insurance Products
ING Life Companies introduced two new no-lapse indexed universal life insurance products.
Touchstone to Acquire Mutual Fund Assets from Old Mutual
Touchstone Advisors, Inc. has entered into a definitive agreement with Old Mutual Asset Management (OMAM) to acquire select assets of OMAM’s U.S. mutual fund business.
Focus Financial Gains Advisory Firm; Fifth Deal of 2011
Focus Financial Partners announced that Hufford Financial Advisors, an independent advisory firm specializing in financial services for dental professionals, has joined the partnership.
ProShares Expands Lineup of VIX Futures ETFs
ProShares has launched two exchange-traded funds (ETFs) designed to provide magnified or inverse exposure to VIX futures.
Cash Balance Analysis Added to Plan Comparison Tool
Flex-Soft Inc. has added a cash balance analysis to its retirement plan comparison tool, PSCnet.
FINRA Names Head of Investor Education
The Financial Industry Regulatory Authority (FINRA) selected Gerri Walsh to be President of the FINRA Investor Education Foundation and head of FINRA's Investor Education division.
Mass. 529 Plan to Use Fidelity’s Age-Based Investment Options
Fidelity Investments and the Massachusetts Educational Financing Authority (MEFA) have unveiled a new age-based strategy to families saving for college via Fidelity-managed 529 college savings plans.