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IMHO: The Rest of the Story
Last week, AARP published a report on how economic worries are impacting Americans.
IMHO: The Rest of the Story
Last week, AARP published a report on how economic worries are impacting Americans.
FRC To Stop Disclosing Fund Sale Information for Public
The Financial Research Corporation (FRC), a source for information on asset inflows and outflows to mutual fund companies, said it will stop disclosing net sales information to the...
Brinker Capital Launches Practice Management Institute
Investment management firm Brinker Capital launched an initiative providing practice management advice to financial professionals.
Inflation Fears Mount Among Fund Managers
Although stagflation fears are gripping investors, inflation concerns are fast overtaking worries about economic growth, according to Merrill Lynch’s Survey of Fund Managers for May.
Invesco PowerShares Introduces Global Asset Allocation ETFs
Invesco PowerShares Capital Management LLC unveiled three exchange-traded fund (ETF) portfolios that are ETFs of ETFs.
It Might Pay to Litigate Against FINRA
An annual study by Sutherland Asbill&Brennan LLP found that broker/dealers are often more successful than individuals in hearing panels against the Financial Industry Regulatory Authority (FINRA).
Regulators Weigh In on Benefit Plan Reporting
Federal benefit plans regulators on Thursday assured plan sponsors that paying strict attention to plan reporting rules was actually to their advantage.
EBSA Studies 403(b) Orphan Contract Problem
A top Department of Labor (DoL) benefits regulator on Thursday revealed that the agency is studying ways to help 403(b) plan sponsors better deal with the difficult problem...
Firm Offers ERISA Fee Compliance Kit
Wealthcare Capital Management offers a “fee compliance kit†to help employers ensure that their 401(k) fee structure would meet Employee Retirement Income Security Act (ERISA) standards.
Court Affirms Conviction Resulting from Unpaid Plan Contributions
The 4th U.S. Circuit Court of Appeals affirmed the conviction of two retirement plan administrators for Employee Retirement Income Security Act (ERISA) theft because of unpaid plan contributions.
Affluent Boomers Adjust Portfolios Because of Economic Worries
One in four affluent Baby Boomers is changing his retirement plan and 40% are downsizing their lifestyles in response to the economic downturn, according to Bell Investment Advisors...
CitiStreet Sold to ING for $900 Million
After months of rumors about being 'shopped,' CitiStreet has been sold to ING Group.
Advisers Say Extravagance, Procrastination Hinder Retirement Savings
Financial advisers are optimistic about both their business and the economy, yet think the priority of the next president should be bolstering the weak economy.
Got QDIA Questions? DoL Has Answers
The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration has released a Q&A dealing with technical corrections to the final regulation on qualified default investment alternatives (QDIAs).
Causeway Launches Global Value Fund
Causeway Capital Management LLC announced the launch of the Causeway Global Value Fund (Institutional Class: CGVIX).
Employer Plans a Primary Source for Buying Mutual Funds
Of the 50.6 million U.S. households – 43.6% of total households – that own mutual funds, almost half (49%) consider employer-sponsored retirement plans to be their primary source...
High-Net-Worth Investors Trust Advisers, Not Fund Cos.
A survey said 87% of investors have a high degree of trust in their adviser, but a majority are dissatisfied with the fund industry.
Principal Names New Director of Sales in Wisconsin
The Principal Financial Group has named Michael Driscoll as director-sales, Retirement and Investor Services.
The Online 401(k) Adds More Adviser Relationships For Small Businesses
The Online 401(k) added 15 new adviser relationships in the first quarter of 2008.