News

A federal court has dismissed all charges against Bank of America for allegedly breaching its Employee Retirement Income Security Act (ERISA) fiduciary duties by using proprietary funds in...

The UBS Board of Directors has accepted the resignation of CEO Oswald J. Grübel, as the bank tries to recover from its recent trading scandal.  

Another plan sponsor has prevailed in a revenue-sharing case – and at the appellate court level. 

There was another judicial decision in another revenue-sharing case earlier this month—and another victory for a plan sponsor. 

According to a new report from Aon Hewitt and Financial Engines, 401(k) participants who use employer-provided investment help outperform those who do not – and by a...

The Self-Regulatory Organization for Independent Investment Advisers (SROIIA) is continuing its mission towards creating an SRO that meets the needs of advisers, and has completed its second round...

A kasina study reaffirms that financial advisers align superior digital capabilities with the likelihood that they will use products offered by asset managers and insurers. 

In an internal memo released today, Andy Seig announced the reorganization of the Global Investment Solutions (GIS) and Retirement Services (RS) teams to form Global Wealth & Retirement...

Invesco PowerShares Capital Management announced the PowerShares Chinese Yuan Dim Sum Bond Portfolio is expected to begin trading on Sept. 23, 2011. 

Long-term funds took in $370 billion in cash contributions globally, according to Strategic Insight (SI).  

The Securities and Exchange Commission (SEC) has charged the co-founder of institutional money manager AXA Rosenberg with securities fraud.

In a recently published paper, law firm Sutherland Asbill & Brennan poses the question: when should broker/dealers and advisers play it safe or tough it out when facing...

Morningstar, Inc. announced plans to launch rankings and research on exchange-traded fund (ETF) managed portfolios later this year. 

Essex Investment Management Company, LLC announced Gregory J. Goostray has joined the team as Vice President, Sales and Marketing. 

Russell Investments will expand its Investment Discipline Indexes (IDIs) to include U.S. small cap indexes.   

A Charles Schwab study found that 44% of individual investors plan to invest more in exchange-traded funds over the next 12 months. 

An SEI Quick Poll reveals nonprofits are adding new asset classes to portfolios in an effort to protect themselves against ongoing investment volatility.

linkedFA, a social networking site for financial professionals, has hired Eric Levine as its Executive Vice President of National Sales. 

Third-party administrators (TPAs) are playing an increasingly important role in the 403(b) market segment, notes an Issue Brief by Retirement Research Inc.

Putnam Investments has launched a Web site dedicated to helping advisers better serve their clients.