Search results for: SCO
Hartford Scores a Hat Trick
The Hartford has managed a hat trick, announcing its third acquisition this month.
Plaintiffs Amend Boeing 401(k) Excess Fee Suit
Boeing Co. employees suing the aviation manufacturer over excessive 401(k) fees have added a trio of allegations, including that the plan improperly offered more expensive and lower performing...
Principal Scoops up Atlanta Actuarial Firm
The Principal Financial Group has agreed to acquire Retirement Consulting Actuaries, Inc. (RCA).
Senators Introduce 401(k) Fee Disclosure Legislation
Senator Tom Harkin (D-Iowa) and Senator Herb Kohl (D-Wisconsin) introduced legislation on Thursday designed to protect American workers by ensuring they can access information on the cost of...
Schwab Sub Snares RIA Back Office Outsourcer
Raleigh, NC-based Schwab Performance Technologies (SPT) has entered into an agreement to acquire RIA back office outsourcing provider Etelligent Consulting, Inc.
Fidelity Expands Program for Brokers Going Independent
Fidelity Investments has expanded its program for advisers leaving traditional brokerage firms for an independent advisory business model, adding new resources and support in three key areas: health...
Scottrade Partners Joins WMSI’s Direct IRA Rollover Platform
Wealth Management Systems, Inc. (WMSI), provider of technology-based rollover services, announced that Scottrade, an online investment firm, will join WMSI’s IRA Marketplace.
Trusco Capital Management Names New Head of Consultant and Financial Intermediary Sales
Trusco Capital Management, Inc. has named James E. Stueve to the newly created position of Managing Director of Consultant and Financial Intermediary Sales.
Fees Lowered for John Hancock Freedom 529
Effective December 1, the annual program management fee for current and future John Hancock Freedom 529 Savings Plan account holders has been decreased.
Feds Unveil Potential 409A Compliance Relief
Federal officials on Monday issued additional guidance on how section 409A nonqualified deferred compensation programs can fix certain types of plan problems.
MI Legislation Imposing Service Tax on Advice is Repealed
Michigan Governor Jennifer Granholm signed repeal and replacement legislation that would end a new tax on many services, including financial advice.
Janus Names New Head of Institutional Business
Janus Capital Group Inc. has announced that Daniel P. Charles, vice president of institutional sales, has been promoted to managing director of the company’s institutional business.
Two-Thirds of DC Plans Use Management Consultant
Sixty-nine percent of defined contribution plan sponsors use an investment management consultant, according to a new survey.
High Court Ponders Scope of Fiduciary Breach Suits
U.S. Supreme Court justices heard oral arguments Monday in a case that could help define the scope of participant fiduciary breach lawsuits.
RBC Dain Rauscher Adds fi360’s IPS Generator Tool to Offering
RBC Dain Rauscher has added fi360’s Investment Policy Statement (IPS) Generator as a tool for its financial consultants.
Morgan Stanley Sued for Allowing Banned Broker to Trade
A lawsuit filed against Morgan Stanley claims that, although the Securities and Exchange Commission (SEC) barred an adviser from trading over-the-counter securities in the 1980s, Morgan Stanley's predecessor...
SEC Reconsidering Terrorist Tracking Tools
The Securities and Exchange Commission (SEC) is trying to decide if it can – or should - help investors be more aware of business ties with terrorists.
Money Not Openly Discussed In Families
Baby Boomers appear to be talking more with their adult children about family finances than with their parents, a new study says.
Poll Pull
Think you know what it takes to be a top-ranked college football team? Think again.