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Proshares Unveils Volatility ETFs
ProShares, a provider of alternative exchange-traded funds (ETFs), has launched what its says are the first "Volatility ETFs."
Saving for Retirement Stunted during Recession
Seventeen percent of respondents to a recent TD Ameritrade survey said the recession of 2008-2009 forced them to delay saving and investing for retirement.
MMA Acquires Ga. Benefits Brokerage
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Strategic Benefit Solutions, Inc. (SBS).
Vieth and Zients Join RPAG
Charlie Vieth and Steve Zients of Act2 Retirement Consulting have affiliated with practice management firm Retirement Plan Advisory Group (RPAG).
Variable Annuity Product Offers ETF Subaccounts
Western & Southern Financial Group’s member companies have introduced VAROOM -- Variable Annuity for Roll Over Only Money.
Local Currency Income Fund Launched
The TCW Group, Inc. announced the availability of the TCW Emerging Markets Local Currency Income Fund.
Constant Maturity Commodity Index Fund Launched
Van Eck Global has launched a new index-based, open-end mutual fund, the Van Eck CM Commodity Index Fund (tickers: CMCAX, COMIX, CMCYX).
Mariner Wealth Advisors Expands Team
Mariner Wealth Advisors has acquired the CBIZ Wealth Management team, formerly a part of CBIZ Inc., effective January 1.
Mutual Funds See $900B Net Inflows in 2010
Worldwide, mutual funds added more than $900 billion in long-term net gains for 2010, according to a report from Strategic Insight, an Asset International company.
Northern Trust Improves Trade Order Entry System
Northern Trust has added functionality to its Trade Order Entry platform that it says will help automate private market investments and global funds.
Swett Joins USI Consulting in Retirement Services Role
USI Consulting Group named Erica Swett as Vice President of Retirement Services, based in Dallas, Texas.
Galateria Takes JPAM DCIS Reins from Musto
J.P. Morgan Asset Management (JPAM) has tapped John Galateria as managing director, head of Defined Contribution Investment Solutions (DCIS).
Wilmington Trust Targeted in 401(k) Investigation
Looks like the New Year is going to kick off on a litigious note.
Most Investors Do Not Know What ETFs Are
Mintel Comperemedia, a marketing research firm, predicts that exchange-traded fund (ETF) assets will experience double digit growth over the next five years.
IMHO: What Lies Ahead
If 2010 was not quite the return to “normal” we might have hoped, there was more than enough—both new and old—to draw the attention of plan sponsors.
Fairholme Funds, Inc. Launches Fairholme Allocation Fund
On January 3, 2011, the Fairholme Allocation Fund will be open to investors.
Rattner Settles N.Y. Pay to Play Charges for $10M
Steven Rattner, former founding principal of private equity firm Quadrangle Group and former Obama administration "car czar," has agreed to a $10 million settlement of pension pay-to-play charges...
District Court Issues Order on Cash Balance Suit Damages
A federal judge has issued an order involving damages in a cash balance lawsuit – and it could be bigger than anticipated.
5500 Filings Track DB, DC Plan Trends
A review of the Form 5500 filings from 2008 confirms what even the most casual pension observer knows.
Memorial Health Halts 401(k) Match
Savannah, Georgia-based Memorial Health will suspend its matching contributions to employees’ retirement accounts for at least a year, beginning February 1.