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Fidelity Investments Launches Two Funds
Fidelity Investments has expanded its emerging markets fund offering with the Fidelity Total Emerging Markets Fund and Fidelity Emerging Markets Discovery Fund.
Smart401k Introduces À La Carte Service Options
Smart401k is offering a new, flexible service delivery model for plan sponsors and plan-level advisers.
Retirement Plan Most Common Employee Benefit
Ninety-nine percent of respondents to a recent survey offer a retirement plan to employees.
Growth in Hardship Withdrawals Slows
Among plan participants who took some type of savings action during Q3 2011, 72% took a positive action (started or increased contributions), Bank of America Merrill Lynch reported....
Schwab Adds to Integrated Technology Platform
Charles Schwab has unveiled several enhancements to its technology offerings that support independent registered investment advisers (RIAs) at its annual conference in San Francisco.
Sheridan Road Adds Senior Adviser
Sheridan Road Financial, an investment adviser specializing in middle-market corporate retirement plans, has hired Tina Wisialowski as a Managing Director.
A Duo Without a Financial Adviser…
Superman is sure to be seen flying around this weekend, at least in the form of Halloween costumes, but a little known fact about the comic icon is...
Wirehouse Brokers Use Alternatives the Most; RIAs the Least
Research from asset management firm American Century Investments indicates the use of alternative investment strategies by financial intermediaries is widespread and growing.
Invesco Launches ETFs Based on KBW Indexes
Invesco PowerShares Capital Management has expanded its partnership with Keefe, Bruyette & Woods, Inc. (KBW) to become the exclusive licensee of four KBW indexes.
Advisers Not Keeping Pace with Small-Market Needs
Although advisers have a higher approval rating than recordkeeper relationship managers among mid-market plan sponsors, they have been struggling to keep pace in the small-market, according to Richard Schroder, President...
IMHO: Lessened, Learned?
When I’m talking to plan sponsors (and advisers) about the challenges of being an ERISA fiduciary, a lot of things come to mind.
To Increase Advocacy Efforts, FSI to Raise Membership Fees
The Financial Services Institute’s (FSI) Board of Directors voted unanimously to increase membership fees, in order to improve engagement with its members and expand its advocacy efforts.
DoL Wins Right to Distribute Assets of Orphaned Plan
The U.S. Department of Labor (DoL) obtained a default judgment from the federal district court in Minneapolis allowing it to distribute $1.35 million from the defunct Northland...
Court Affirms Dismissal of Citigroup Stock Drop Charges
The 2nd U.S. Circuit Court of Appeals has found that Citigroup fiduciaries did not abuse their discretion in continuing to offer company stock as an investment in its...
American Workers Losing Confidence in Retirement
In Sun Life Financial’s latest Unretirement Index, one in five working Americans say they will never retire.
Brightscope Issues Report on Target-Date Fund Families
BrightScope and Target Date Analytics released "Popping the Hood, IV," the latest study in a series that provides analysis of target-date funds (TDFs) and fund families.
Majority of Younger Americans are Not Saving
An ING survey found that one quarter of Americans (28%) say nothing has gotten in their way of saving for retirement.
Sponsors More Satisfied with Providers than Advisers
According to an Anova Consulting Group survey, small-market retirement plan sponsors report that defined contribution providers (or recordkeepers) are delivering a higher level of client service than retirement...
Dow Jones Launches The Asia Dow
The Dow Jones Industrial Average (DJIA) is launching a regional version of the index, The Asia Dow.
ING Adds to Consultant Relations Team
ING Investment Management U.S. has appointed Brant Grimes and Conor Sullivan as Senior Consultant Relations Managers.