Search results for: SCO
ETF Ratings Service Launched
XTF has introduced a ratings service that rates ETFs based on 16 metrics over two broad categories: investment metrics and structural integrity.
Bettinger to be Schwab President
Charles Schwab Corp. has tapped Walt Bettinger II, head of its investor services unit, as president and chief operating officer.
IMHO: An Inconvenient Truth
There appear to be two great debates of our time—Is global warming (oops, I mean global climate change) real? and How much do people need to save for...
UBS Seeking Both Assets and Advisers in Ultra-High Net Worth Market
By the end of 2010, UBS, the world's largest money manager, plans to have $250 billion in ultra-high net worth client assets under management, and about 400 advisers...
It’s Official – Great-West Picks Up Putnam
As anticipated, Putnam Investments has announced that it will be acquired from Marsh&McLennan Companies by Great-West Lifeco Inc., a subsidiary of Power Financial Corporation.
If the Bears Win, Will the Bulls Run?
Adherents of the so-called Super Bowl Theory are no doubt grinning ear-to-ear these days, regardless of Sunday’s winner.
Study Finds Lifecycle Funds Doing Well for Investors
A recent study by the Turnstone Advisory Group LLC in Marina del Rey, California has found that lifecycle funds are doing a good job for their investors but...
NY Firm Unveils ETFs for Health, Biotech Research
New York-based XShares Advisors LLC launched five exchange-traded funds (ETFs) on the New York Stock Exchange Tuesday, with each aimed at a segment of the health care, life...
New York Could Lose Spot as World Financial Capital
In the next decade, New York may lose its position as financial capital of the world to a city such as London, Dubai, Hong Kong, or Tokyo, which...
Pershing Teams with PriceMetrix, Inc
Pershing LLC has formed an alliance with PriceMetrix Inc. that will help Pershing’s introducing broker-dealer customers better evaluate their businesses and identify growth opportunities.
Indexes Beat Out Active Managers in 06
The latest Standard&Poor’s Indices Versus Active Funds Scorecard (SPIVA) shows the S&P 500 outperformed 69.1% of large-cap funds.
Schwab Gives Start-up Advisory Firms More Help
Schwab Institutional is expanding its offering to help financial advisers leaving traditional financial companies to go it alone.
Participants in Tax-Exempt Market Accumulate Less Savings than Corporate Peers
Tax-exempt sector employees, those in the higher education, health care, government, foundations, and faith-based organization sectors, have saved an average of $48,000 in their defined contribution (DC) plans,...
Morningstar Awards Gold Medals to Three Fund Managers
Morningstar, Inc.’s three 2006 Fund Managers of the Year are “familiar names″ who have run funds recommended by the fund rating company for years, according to a press...
Another Insurer to Stop Contingent Commission Payments
Connecticut Attorney General Richard Blumenthal this week announced that The St. Paul Travelers Companies, Inc. plans to stop paying contingent commissions to insurance agents and brokers by the...
MA’s Galvin Examines “Hedge Fund Hotel″ Operations by UBS
Massachusetts Secretary of State William Galvin is looking into whether hedge funds have increased their trading fees to compensate banks for office space they lease as a temporary...
Women Have Disconnect in Saving for Retirement
Although a majority of women (72%) say retirement is their primary investment goal, almost half of them (48%) do not participate in a retirement savings plan and 60%...
Marsh&McLennan Agrees to Sale of Putnam
Marsh&McLennan has agreed to sell its money-management unit for $3.9 billion to holding company Power Corp. of Canada, sources told the Wall Street Journal.
IRS Calls for Comment on PPA In-Service Payout Provision
Federal regulators have turned to the public for comment on how to formulate guidance on “phased retirement″ in-service plan distributions as provided for by the Pension Protection Act...
Fidelity to Pay $42M into Funds After Report Reveals Brokers' Gifts to Traders
Fidelity Investments has announced it will pay more than $42 million to its funds after a report issued by independent trustees of Fidelity’s board said some of its...