News

UBS Investment Bank has expanded its ETRACS Exchange-Traded Notes (ETNs) platform with the 2xLeveraged Long Wells Fargo Business Development Company Index.

TD Ameritrade Institutional now offers advisers a research-based software assessment tool that compiles a list of recommended customer relationship management (CRM) programs based on the needs of the adviser....

Many employees are hesitant to purchase an annuity, despite their desire for retirement income; however, some of these fears may be well-founded, Mercer says.  

Mutual of Omaha’s Retirement Plans Division will begin using Fiduciary Investment Reporting Manager (FiRM), which generates detailed investment comparisons for retirement products.

American United Life Insurance Company (AUL), a OneAmerica company, hired Chris Blair to be regional sales director for retirement services for Northern California and the Pacific Northwest.

The U.S. District Court for the District of New Jersey has dismissed a suit alleging John Hancock charged 401(k) plans excessive fees for investment services.

Peter Rappoport has been appointed Global Head of the Strategic Investment Advisory Group (SIAG) at J.P. Morgan Asset Management.

Lincoln Trust Company is rolling out “Managed Models,” a customized portfolio product designed specifically for the retirement industry.

Commonwealth Financial Network has made several upgrades to its Web-based client management tool, Client360. 

Insperity, Inc. announced a streamlined 401(k) deposit feature for its Workforce Optimization Solution clients.

Financial advisers and their clients would benefit from more precise information about their existing immediate income annuity contracts, according to the Retirement Income Industry Association (RIIA).

ftwilliam.com, a Software as a Service (SaaS) product from Wolters Kluwer Law & Business, is rolling out an integrated Web portal.

Research from the Employee Benefit Research Institute (EBRI) IRA Database finds that almost 40% of IRA assets are invested in equities.

The U.S. Supreme Court vacated a lower court’s decision on grounds that that it lacked authority under ERISA to reinstate CIGNA's traditional defined benefit plan as a remedy...

Franklin Templeton Institutional hired Patrick T. Hughes, CFA, as vice president, U.S. Institutional Business Development.

Russell Investments and Axioma, Inc., a provider of advanced tools for portfolio optimization and risk analysis, have collaborated to launch a series of long-only large and small cap...

A 403(b) plan sponsor survey from the Profit Sharing/401k Council of America (PSCA) and The Principal reveals sponsors are increasingly asking for help from investment advisers.

An Aon Hewitt study found that participation in defined contribution (DC) plans has reached a record high of 75.8% among eligible employees.  

Seventy-five percent of U.S. broker/dealer (B/D) and independent registered investment advisory (RIA) firms are planning to hire in the next 12 months. 

J.P. Morgan Asset Management has hired Benji Baer as Managing Director and Chief Marketing Officer.