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Wilmington Trust Taps Hughes for Endowment Position
F. Mackey Hughes has joined Wilmington Trust as managing director of endowments and foundations for the Wealth Advisory Services (WAS) business, the company announced.
Madoff Trustee Complaint against J.P. Morgan Unsealed
The Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) has announced that his complaint against JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., J.P....
Symetra Expands Sales Team Nationwide
Symetra Life Insurance Company named John Richter as vice president of National Accounts.
Senators Call for Retirement Income Disclosure
Three U.S. Senators introduced a bill that would require an annual statement to be sent to retirement plan participants, similar to the one sent by the Social Security...
HELP Panel Hears Support for Auto Features, Education
Witnesses appearing before the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP) Thursday told lawmakers that while the retirement income sufficiency issue in the U.S. is...
ERIC: Fiduciary Redefinition Could Discourage Assistance
The ERISA Industry Committee (ERIC) warned the Department of Labor (DoL) about the unintended consequences that can result from broadening the definition of fiduciary.
TD Ameritrade Settles with SEC over Reserve Fund Charges
The Securities and Exchange Commission (SEC) has charged TD Ameritrade for failing to reasonably supervise its registered representatives, some of whom misled customers when selling shares of the...
Super Bowl Looks to Be a Win-Win – for Stocks
No matter which team wins Sunday, if you’re a stock market fan, it should be a “win-win.”
SPARK Recommends Safe Harbor in New Definition of Fiduciary
The SPARK Institute is urging Employee Benefit Security Administration (EBSA) to take a more restrained approach in changing the definition of advice and fiduciary so that the industry can...
Report Shows Plan Participants Increasing Use of Advice
Bank of America Merrill Lynch’s quarterly “401(k) Contribution Activities Scorecard” shows plan sponsor adoption and participant utilization of advice services continued to grow in 2010.
Ariel Investments Introduces Discovery Fund
Ariel Investments, LLC, launched the Ariel Discovery Fund, a small-cap, deep-value, publicly traded mutual fund.
Survey Finds Changed Investing Behavior After Recession
Sixty-two percent of investors changed their approach to investing in the aftermath of the 2008-2009 economic recession, according to a TD Ameritrade survey.
Bamonte Named Union Bank Institutional Manager
Marianne Bamonte, a veteran of the custody, investment, and trust services industry, has been named manager of the Institutional Services division at Union Bank.
Financial Engines Unwraps New Retirement Income Solution
Financial Engines has rolled out what it calls “the first retirement income solution designed specifically for 401(k) plans.”
Cambridge Enhances Retirement Plan Support Via RPAG Partnership
Cambridge Investment Research, Inc. has announced a strategic partnership with Retirement Plan Advisory Group (RPAG).
Sheridan Road Embraces Wisconsin
Sheridan Road Financial, an investment advisory firm for middle-market corporate retirement plans, has opened an office in Milwaukee, Wisconsin.
New Director for Product Innovation at Allianz
Allianz Life Insurance Company of North America named Karen Gemmill as senior director of Product Innovation.
Burger Kings
Food&Wine has created its list of the top 25 burgers across the U.S. Warning: reading the following article may result in stomach gurgling and mouth watering.
Sponsors Focusing on Accumulation Over Income
A MetLife study set out to assess how plan sponsors are balancing "retirement savings" and "retirement income" in their plan design; MetLife found most are still focusing on...
Perspective: The Skies were Green and Trees were Blue
How to differentiate your business from the masses.