Search results for: SCO
Prudential Unveils IPS Scorecard
Prudential Investments has launched IPS Scorecard, a tool that helps financial advisers and their plan sponsor clients assess whether their fund lineups meet the criteria in their investment...
Equity Outflows Continue in August
Long-term fund flows increased by more than 11% in August versus July, and once again the lion's share went to fixed-income funds, according to the Morningstar Direct Fund...
Benefit Consultants Extends RK Reach
Warren, Averett, Kimbrough & Marino, LLC, which describes itself as Alabama's largest certified public accounting and business consulting firm, has expanded its recordkeeping services reach.
Eaton Vance Appoints New Head of Institutional
Eaton Vance Corp. has announced the appointment of Scott P. Ruddick as Head of Institutional.
Invesco PowerShares Announces Four New ETFs
Invesco PowerShares has entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) for exclusive licensing to four indexes covering the financial services, REIT, and property &...
Adviser’s Noncompete Clause Upheld by Court
A federal court in Connecticut has prohibited David B. Austin from using any confidential client information originating from his former employer, AmWINS Group Inc., at his new...
Financial Stress Calls Employees to Action
An analysis from Financial Finesse finds employees reported more financial stress in Q2 2010, but instead of retreating in fear, they were called to action.
Bonuses and Commissions Could Face Higher Taxes
The American Payroll Association (APA) issued a statement today to alert the public of the potential hit paychecks will take due to expiring tax cuts.
Scout Picks Up Indiana Fixed-Income Shop
Scout Investment Advisors, a subsidiary of UMB Financial Corporation, has agreed to acquire Reams Asset Management Company, an investment management firm specializing in fixed-income products.
Americans Saving More for Health Care in Retirement
The First Command Financial Behaviors Index reveals that average monthly savings solely for health care costs during retirement climbed to $245 in July, up 42% from a year...
Women Lack Retirement Planning Knowledge, but Ready to Learn
A survey by Transamerica Center for Retirement Studies released this week shows a grave lack of understanding about retirement planning among working women, but highlights a willingness to...
Advisers Have Growing Preference for Vanguard ETFs
A Cogent Research report shows advisers gravitating more towards Vanguard exchange-traded funds (ETFs) and away from the industry leader, iShares.
MetLife Offers Retirement Readiness Workbook
The MetLife Mature Market Institute is offering its “Retirement Readiness Workbook,” a free tool to help people prepare for and transition into retirement smoothly.
The Hartford Attempts to Gain Ground in Mid-Market
With the introduction of several new initiatives and a new VP, The Hartford Financial Services Group plans to grow their middle market business for 401(k) defined contribution and...
DoJ Sues Adviser for Tax Fraud Related to Sham Benefit Plans
The United States has asked a federal court to permanently bar a California man from promoting alleged sham pension-plan and welfare-benefit-plan tax fraud schemes.
Perspective: Guaranteed Lifetime Payments
A New Look at the Importance of Income Replacement
Charts and Graphs Are Good, but Don’t Change Target-Date Fund Names
Most industry players responding to the Securities and Exchange Commission’s proposed disclosure rules for target-date funds agreed with the idea of using charts and graphs to illustrate glide...
Lawmakers Respond to SEC Proposed Rules for Target-Date Funds
Three U.S. Senators, in a letter responding to Securities and Exchange Commission-proposed disclosure rules for target-date funds, recommended the agency expand on its proposals.