Mirae Asset Global Investments Appoints President and CEO
Mirae Asset Global Investments (USA) has named Joon Kwun as President and CEO.
News
SPARK Releases Final Data Standards for Fee Disclosures
The SPARK Institute released its final version of data layouts for sharing investment-specific information for non-registered investment products that retirement plan administrators must disclose to participants under the...
Putnam Incorporates Smart Phones with Shareholder Statements
Putnam Investments has enabled its shareholders to access its Web content by scanning a code on their quarterly statements with a smart phone.
MSCI Launches Overseas China Indices
MSCI Inc. has announced the launch of the MSCI Overseas China Indices.
BofA Advisers Get New Boss in Management Shakeup
A reorganization of Bank of America’s management team by Chief Executive Officer Brian Moynihan has meant the end of Sallie Krawcheck’s tenure at the firm.
BlackRock Appoints Senior Portfolio Manager for U.S. Fiduciary Business
BlackRock, Inc. announced Mark Taborsky will join the company as a Managing Director and Senior Portfolio Manager within its Multi-Asset Client Solutions (BMACS) group.
Russell Investments Creates New Position For Retirement Income
Russell Investments has appointed Jeff Eng to the newly created position of Director, Retirement Income, for the firm’s Americas Institutional business.
Deloitte Appoints Leader of U.S. Mutual Fund Practice
Elizabeth Krentzman, former Investment Company Institute general counsel, has been appointed to lead Deloitte's U.S. mutual fund practice.
20-Somethings Lack Retirement Confidence
The PNC Financial Independence Survey found only 18% of Gen Y members are confident they will have enough money to live comfortably when they are ready to retire.
Lincoln Names Head of Insurance Solutions Distribution
Lincoln Financial Distributors (LFD), the wholesale distribution subsidiary of Lincoln Financial Group, named Tom Tooley as Head of Insurance Solutions Distribution.
Wells Fargo to Acquire LaCrosse Global Fund Services
Wells Fargo & Company has made an agreement to acquire LaCrosse Global Fund Services from Cargill, pending regulatory approval in several jurisdictions.
Schroders Adds Sales Manager to Intermediary Business
Schroders appointed David Jodka, CIMA, as National Sales Manager, US Intermediary Distribution.
New York Life Retirement Launches Redesigned Web site
New York Life Retirement Plan Services has redesigned its plan sponsor and adviser Web site.
Report Analyzes Peer Information on Retirement Savings Behavior
A study from the National Bureau of Economic Research (NBER) found that providing peer information increased retirement savings of non-unionized recipients but decreased savings of unionized recipients.
Natixis Global Asset Management Acquires Darius Capital Partners
Natixis Global Asset Management (NGAM) has acquired a controlling interest in Darius Capital Partners.
IRS Updates List of Nonbank Trustees and Custodians for Tax-Advantaged Accounts
The Internal Revenue Service has updated its list of entities approved to serve as nonbank trustees or custodians for certain tax-advantaged savings accounts.
Benefit Consultants Group Rolls Out Partnership Program
Benefit Consultants Group (BCG) is hoping to increase its presence in the retirement plan marketplace with its new Partnership Program.
Summit Alliance Division to Focus on Executive Comp
Summit Alliance Financial has partnered with Michael G. Goldstein and W. Garrett McDaniel, to form a new division, Summit Alliance Executive Benefits, LLC.
Derivatives and Mutual Funds – What Do You Think?
The Securities and Exchange Commission (SEC) wants to know what you think about the use of derivatives by mutual funds.
N.Y. Insurance Broker Groups Appeal Compensation Ruling
Two New York insurance agent and broker groups appealed a judge's decision upholding a state regulation that requires producers to disclose incentive compensation.