News

U.S. mutual fund investors withdrew an estimated $5 billion out of U.S. stock and bond mutual funds last month, according to Strategic Insight, an Asset International company.

A Stanford University study reveals that 45% of the top 185 U.S. Web sites transmit identifying details about their visitors to at least four other sites. 

The U.S. Department of Labor (DoL) has filed a complaint in federal court seeking to restore $436,322.07 to two benefit plans of Columbus-based Clark Graphics.

David A. Hunt has been named Chief Executive Officer of Prudential Investment Management.

Van Eck Global has launched Market Vectors Renminbi Bond ETF, which offers investors exposure to Chinese renminbi (RMB)-denominated bonds, often referred to as “dim sum” bonds.

First Western Trust Bank appointed Irene J. Antonio as a Relationship Manager in the firm’s Retirement Consulting Services team. 

U.S. exchange-traded funds, which have had just one month of net outflows in the last 12 months, added $4.1 billion in September, according to Morningstar.

Long-term mutual fund flows turned positive in September for the first time in three months, with inflows of $3.8 billion, according to Morningstar.

MFS Investment Management has launched the next module in its Advanced (k) practice management program for defined contribution advisers.  

Long-term funds in Asia (ex-India and China, which report assets on a quarterly basis) collected $12 billion in net flows, according to Strategic Insight, an Asset International company. 

Mid Atlantic Trust Company (MATC) is offering reduced pricing for its ModelxChange service.   

Many financial advisers are not using the most efficient marketing tactics, according to a survey from ByAllAccounts, Inc., an account aggregation service firm. 

Bank of America is hiring more than 80 Merrill Edge Financial Solutions Advisors (FSAs) across the metro Northwest region, including San Francisco, San Jose, Sacramento, and Las Vegas. 

LPL Financial Retirement Partners has added a comparison function to its suite of tools for retirement plan advisers.   

The portion of full-time workers ages 21‒64 who participated in an employment-based retirement plan remained stable at 54.5% in 2010, according to the Employee Benefit Research Institute (EBRI).

Pensionmark Retirement Group announced the addition of four regional firms to its network of retirement advisers.

The guide provides an overview of the upcoming Department of Labor (DoL) regulations regarding fee disclosure requirements that service providers must provide to plan sponsors by April 1,...

ING Financial Partners has appointed Andre Robinson as Head of Advisory Business Development and Rich Taylor as Head of Brokerage Operations.  

Pershing Advisor Solutions, a BNY Mellon company, has published a white paper reviewing various independent registered investment adviser (RIA) models, to assist wirehouse advisers considering a change.  

Ashmore Investment Management Limited has launched the Ashmore Emerging Markets Small Cap Equity Fund.