News

An $8.2 million settlement has been preliminarily approved by the U.S. District Court for the District of Puerto Rico in the consolidated class action lawsuit against Puerto Rico-based...

Excluding China, long-term funds in Asia collected over $15 billion in net flows during May, according to data from Strategic Insight, an Asset International company.

In order to meet the firm’s expanding client service needs, Drinker Biddle & Reath LLP has created a Financial Services ERISA Team.

Kravitz has announced the upcoming launch of what it called the nation's first ever Cash Balance Daily Access online portal. 

A recent survey of U.S. consumers and financial advisers set out to measure differences in perception when looking at an adviser’s level of honesty, trustworthiness, ability to deliver...

Kelley Drye & Warren LLP has announced the election of three partners and appointment of two special counsel.

DBL Investors appointed Lisa Hagerman as Director of Double Bottom Line Programs, and Patrick Sagisi and Sarah Ham to be Associates on the investment team.

WisdomTree has brought its WisdomTree Global Real Return Fund (RRF) to the NYSE Arca.

Charles Schwab has launched the Schwab U.S. Aggregate Bond ETF, which aims to provide broad exposure to U.S. taxable bond market.

Strategic Insight, an Asset International company, estimated that investors poured an additional $10.6 billion into U.S. ETFs in June, after $4.5 billion net inflows in May.

ProShares released an exchange-traded fund that seeks to provide hedge fund benefits without the same investment challenges.

Survey results from Fidelity Investments reveal more than half (55%) of current workplace savings plan participants say they would not be saving for retirement if they didn't have...

Uncertainty over the economy and unemployment increased in June, sparking U.S. mutual fund investors to redeem an estimated $2 billion in cash out of U.S. stock and bond...

The Institutional Retirement Income Council (IRIC) has published an issue brief outlining critical issues and questions that plan sponsors should consider when evaluating and choosing guaranteed lifetime income...

Nationwide Financial has chosen DST Global Solutions’ investment analytics solution, Anova, to strengthen its managed account performance measurement and reporting capabilities.

With the demanding schedules many advisers face, finding time to go to the gym may be low on the priority list. Here’s an alternative…

Long-term mutual fund flows turned negative in June for the first time since December 2010, Morningstar reports.

Morningstar reports that U.S. exchange-traded funds (ETFs) saw inflows of $9.8 billion in June after outflows of $3.1 billion in May.

The Department of Labor’s (DoL) Employee Benefits Security Administration has issued a final rule that extends the applicability date for fee disclosure.

Van Eck Global has released its Market Vectors CEF Municipal Income ETF (XMPT), the first exchange-traded fund (ETF) to specifically focus on closed-end municipal bond funds.