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Principal Publishes White Paper on Fee Disclosure Guidelines
The paper by ERISA attorney Jamey Delaplane is part of several additions to Principal’s Web site dedicated to fee disclosure education.
September 401(k) Transfers Still Tilted Towards Fixed Income
The latest data from the Aon Hewitt 401(k) Index for September indicates that asset movement slightly favored fixed income, despite the strength of equity markets during the month.
Higher Bonuses Expected on Wall Street
Fifty percent of U.S.-based financial services professionals are expecting higher bonuses for this year’s performance as compared to last year, according to a new survey.
BrightScope Unveils "BrightScope Beacon"
BrightScope announced the launch of BrightScope Beacon, a fund-focused analytics software product designed to help defined contribution investment-only firms better understand the distribution of their funds within 401(k)...
GFWM Hires SVP of Business and Channel Development
Genworth Financial Wealth Management (GFWM), a subsidiary of Genworth Financial, has hired Michael Kim as senior vice president of business and channel development.
ING Chooses Leslie for Retirement Product Pricing Job
ING has named William (Bill) Leslie as Head of Pricing for the U.S. Retirement Services division, effective Monday.
Anthem Financial Services Hires Managing Partner
Tom Sokira joins northern New Jersey-based Anthem Financial Services' defined contribution consulting practice as managing partner.
ETF Assets Increased $84B in September
U.S. ETF industry assets increased $84.8 billion (10.6%) in September, according to State Street Global Advisors (SSgA).
RiverFront Adds Regional Sales Consultant
In a continuing effort to grow its business development team, Richmond, Virginia-based RiverFront Investment Group has hired Rutherfoord Ferguson.
Russell Appoints Reardon for Consultant Relations Post
Russell Investments named Mike Reardon as consultant relations regional director in its U.S. institutional consultant relations practice.
Fidelity Picks Byrne for Transition Management Group
Fidelity Capital Markets has appointed Kevin J. Byrne, formerly of ConvergEx, for TM.
PANC 2010: Team Building
If “one is the loneliest number,” why would anyone choose to work alone?
Invesco to Shutter Ten ETFs
Invesco PowerShares Capital Management LLC has decided to close ten of its exchange-traded funds (ETFs).
Profit-Sharing Out at Wal-Mart in Favor of 401(k) Match
Wal-Mart Stores, the nation’s largest private-sector employer, plans to scrap its profit-sharing contributions in favor of a 401(k) match, according to a Bloomberg report.
Barclays Launches Stable Income Market Index
The Stable Income Market Index (SIMI) is tailored to the needs of the U.S. Stable Value industry.
Investors Beginning to Understand How to Deal with Volatile Markets
Research from Fidelity Investments indicates investors are redefining how they measure financial success amid changing confidence levels and risk tolerance in today’s fluctuating markets.
National City Settles ERISA Suit for $43M
A settlement has been preliminarily approved in a consolidated class action lawsuit against National City Corporation.
Group Encourages Clean Energy Funds in 401(k)s
The Renewable Energy Initiative (TREI) is encouraging companies across the country to add existing publicly traded renewable energy funds to their 401(k) investment menus.
TD Ameritrade Introduces “ETF Market Center”
TD Ameritrade's new ETF Market Center has a list of more than 100 commission-free exchange-traded funds (ETFs), chosen by Morningstar Associates.