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DIA Launches Facebook Page
Diversified Investment Advisors, Inc., has launched “Your Money Matters” on Facebook to share and explore retirement and personal finance issues and trends with consumers.
Majority of Employers Implementing Auto Features
Some 72% of employers in a recent poll have adopted auto plan features, with 51% using auto enrollment and 71% deferring participants into a target-date fund.
Harrington to Lead Expansion of Hancock Retirement Planning Platform
John Hancock Financial Network (JHFN) has launched an effort to expand growth through its retirement planning platform and has hired industry veteran Bruce Harrington to lead the effort.
MSSB Taps Walker as Consulting Services Group Leader
Morgan Stanley Smith Barney (MSSB) has appointed Managing Director James F. Walker to lead the Consulting Services Group.
J.P. Morgan Announces New Long/Short Fund
J.P. Morgan Funds has launched a new equities mutual fund, the JP Morgan Research Equity Long/Short Fund.
The Hartford Appoints Reiss Head of Sales
The Hartford Mutual Funds has named Jeff Reiss national sales manager.
Invesco PowerShares Announces Four New ETFs
Invesco PowerShares has entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) for exclusive licensing to four indexes covering the financial services, REIT, and property &...
Vanguard Adds Index Funds and ETFs
Vanguard has introduced eight new index mutual funds and nine new exchange-traded funds (ETFs) based on S&P domestic stock benchmarks.
More 401(k) Sponsors Provide General Education than Individual Advice
Far more organizations provide defined contribution retirement plan participants with general educational materials about the plan and about investing than provide participants with individual investment advice, according to a poll by...
Fidelity’s Web-Based Tool Attracting RIAs
The system, WealthCentral, allows registered investment advisers (RIAs) to integrate several programs into one centralized website.
Q2 a Difficult Quarter for Callan DC Index
Callan Associates reports that the Callan DC Index’s second-quarter performance was its worst since the fourth quarter of 2008.
More Parents Saving for College, but Falling Short of Goals
Fidelity Investments recently released the results of their 4th annual College Savings Indicator study, as well as new guidelines for how much parents should be setting aside...
Roth 401(k) Feature in 29% of Plans
A new Hewitt Associates study of the Roth 401(k) feature found that 29% of mid- to large-sized employers offer it and 25% are very or somewhat likely to...
Court Throws Out Cash Balance Conversion Suit
A federal appellate court has cleared Solvay Chemicals Inc. of wrongdoing in its cash balance plan conversion, but sent a narrowly drawn notice issue back to a lower...
Advisors Asset Management Expands ETF Offerings
By collaborating with WisdomTree Investments, Advisors Asset Management (AAM) will now offer advisers a wider array of exchange-traded funds (ETFs) as part of their investment solutions.
Vanguard Introduces Online Annuity Service
Vanguard has introduced a new Web-based service that enables individuals to compare income annuities from leading insurance companies.
Boomers and Older Americans Aware of Retirement Crisis
Longer life spans, increased personal responsibility for retirement savings, and the recent market downturn can seriously impact a person’s retirement preparedness and most Americans in a recent study...
Not Many Know They Can Undo Roth Conversion
A Fidelity Investments study finds that less than a third of investors who are newly eligible to complete a Roth IRA conversion are aware of the flexibility they...
New iPhone App for Tracking Business Expenses
BOSS Business Services has developed an iPhone App for tracking business expenses.