News

Federal agents have arrested a New Jersey man on charges he embezzled $263,000 from his company’s pension fund. 

Financial advisers Steve Jones and Seth Gunderson have formed Tenacity Investment Group, an independent Longmont, Colorado-based firm offering services through Raymond James Financial Services. 

General Dynamics Corporation and Fiduciary Asset Management (FAMCO) have agreed to a $15.1-million settlement of a 401(k) excessive fee lawsuit.

Wells Fargo Advisors Financial Network, LLC (WFAFN) says it “expanding and realigning” its Supervision Team in anticipation of continued growth in its independent financial advisor...

Stock and bond funds experienced June net inflows of $25.5 billion according to new Financial Research Corporation (FRC) data. 

OppenheimerFunds, Inc. has appointed four industry veterans to newly created leadership positions within its marketing and distribution organizations.

The Retirement Income Solutions Enterprise (RISE) is offering a free interactive financial education tool and video to financial advisers.   

The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Department of the Treasury have announced a joint public hearing on issues relating to lifetime...

The Social Security Board of Trustees reported Thursday that the long-range outlook of the Social Security Trust funds remains unchanged from last year’s projections.  

A new study from the Ewing Marion Kauffman Foundation shows that business owners are more conservative when it comes to saving and borrowing than generally thought.

While a proposed Securities and Exchange Commission (SEC) rule on 12b-1 sales charges will mean financial advisers would lose about $1.5 billion in fees in seven years, that...

Charles Schwab has announced the launch of three bond ETFs, adding to a suite of eight equity Schwab ETFs.

Bank of Hawaii’s Investment Services Group is now offering its clients an open architecture unified managed account (UMA) that can integrate multiple products.

In a new survey, Ipsos found half of respondents wish they had a pension.

Job seekers with shifty eyes, reluctant smiles, or fidgety limbs during an interview may be hurting their chances of landing a job.

International insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired Benefits Unlimited, Inc. in Houston, Texas.

Paychex Inc. may have influenced a 401(k) plan’s investment lineup, but did not make the ultimate decision about which fund options to offer participants, a federal judge has...

The Principal Financial Group has launched a Web site to help educate advisers and sponsors about the Department of Labor’s (DoL) new fee disclosure regulation.

Through a strategic alliance with Mid Atlantic Financial Platforms, Inc. (MAFP), DailyAccess Corporation is now positioned to offer exchange traded funds (ETFs) in employee benefit plans.

Curtis Arledge will be joining BNY Mellon as vice chairman of the corporation and chief executive officer of BNY Mellon Asset Management.