Advisers Say Biggest Fear is Fear Itself
Of advisers asked in a recent survey who or what their biggest competition is, more than one-third (35%) said it is clients’ fears, which results in lack of...
News
TIAA-CREF Releases Spanish Web Site
TIAA-CREF has unveiled its Spanish-language initiative to increase U.S. Hispanics/Latinos’ access to retirement-planning information and tools, including a new Spanish-language Web site.
401(k) Participants Retreat from Equities in May
As the Dow Jones Industrial Average slid more than 7% in May, 401(k) participant transfers became strongly fixed income-oriented, according to the results of the Hewitt 401(k) Index.
EASi Launches Stock Plan Exercise Wizard
Equity Administration Solutions, Inc. (EASi) has launched an equity compensation plan exercise wizard with a design that anticipates the different needs that a participant, a financial adviser, and...
Mitchem Tapped for SSgA DC Post
State Street Global Advisors (SSgA) has appointed Kristi Mitchem to senior managing director and global head of its defined contribution business.
ETF Assets Drop $46B in May
Exchange-traded-fund (ETF) industry assets fell $46 billion for the month of May, or 5.5%, according to State Street Global Advisors’ ETF Snapshot.
Not-for-Profit Assets Rebound to Over $1T
Total not-for-profit retirement plan assets exceeded $1 trillion as of March 31—the first time since 2007, according to a quarterly survey of plan service providers by LIMRA.
Putnam Adds Asset Allocation Tool to Retirement Platform
Putnam Investments has added an asset allocation application to its Lifetime Income Analysis Tool, its retirement planning platform.
Washington-Baltimore Employers Increasingly Move to DC Plans
More employers in the Washington-Baltimore region are offering defined contribution plans rather than pensions, according to an annual survey of human resources officials.
Benefit Brokers Increase Share of Voluntary Sales
Benefit brokers continue to claim the largest share of voluntary and worksite sales compared to other producer segments, according to new research.
Firms Team Up for Compliance Offering for Investment Advisers
Fusion Business Group, a provider of technology consulting and business level advisory services to alternative investment advisers, will now provide clients of Automated Compliance Solutions (ACS) with infrastructure,...
Advisers Say Americans’ Savings Problems Self-Imposed
According to financial advisers, the largest impediments to Americans’ financial security are self-imposed.
Pickett Helps CAPTRUST Expand into Dallas
John A. Pickett has joined Raleigh, North Carolina-based CAPTRUST Financial Advisors, leaving RBC Wealth Management’s Institutional Consulting Group.
FRC: Advisers Still Drive Fund Sales
Despite a reduction in the advisory force, retail advisers still represented nearly 60% of total mutual fund gross sales for 2009, according to the Financial Research Corporation (FRC).
John Hancock Names Six New Regional VPs
John Hancock Retirement Plan Services has announced the appointments of six regional vice presidents.
CapTrust Promotes Graham to Partner
CapTrust Advisors, LLC, announced that James (Jeb) E. Graham is now a firm partner.
U.S. Equity Trading Commissions Fall Short
Commissions paid by institutional investors to brokers on trades of U.S. equities are falling far short of projections to this point in 2010, according to Greenwich Associates.
AUL Appoints Sales Director to Support Dallas Market
The retirement services division at American United Life Insurance Company (AUL), a OneAmerica company, has appointed Thomas E. Pohlmann to the position of regional sales director in the...
Retirement Strategies Offers vWise SmartPlan to DCIO Partners
Retirement Strategies, Inc. (RSI), will offer vWise Inc.’s SmartPlan Enterprise solution for its Defined Contribution Investment Only (DCIO) partners.