Morningstar, Inc., has launched a valuation services business that values privately-owned firms and securities for purposes such as the sale of a business, estate planning, or financial reporting.
Charles Schwab Corporation has agreed to pay $200 million to settle federal securities law claims in a civil class-action lawsuit related to the Schwab YieldPlus Fund.
A report from Hewitt Associates suggests workers were able to recover a significant portion of the losses they sustained in 2008 simply by participating in their 401(k) plan;...
The Principal Financial Group said its new Participant Education Planning Tool gives financial professionals access to a library of education plans and materials and the flexibility to build...
Wirehouse firms still lead the market share in the wealth management industry, but independent and regional broker/dealers are catching up, a new report found.
A new whitepaper by TIAA-CREF highlights steps 403(b) plan sponsors can take to uphold their fiduciary obligations and help plan participants maximize their retirement savings.
The average expense ratios of stock and bond funds rose slightly in 2009, but the total fees and expenses paid by investors remain largely unchanged on an asset-weighted...
After six consecutive quarters of negative returns, the average target-maturity fund has now been positive for four straight quarters, according to Morningstar.
Three former UBS wealth advisers have formed Mississippi Investment Management Company, LLC (MIMCO), a registered investment adviser (RIA) serving both affluent and institutional investors.
A federal judge in New York has tossed out a stock drop lawsuit against Wyeth Corp., ruling that the company was entitled to a presumption its decision to...
The Metropolitan Life Insurance Company (MetLife) will pay $13.5 million to the federal government to settle charges it made improper payments to a San Diego-based insurance broker.
A survey from ING U.S. Retirement Services shows that those in a workplace plan are more confident, informed, and proactive when it comes to their savings.