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Natixis Appoints Executive to Oversee Distribution
Natixis Global Associates (NGA) has announced the appointment of Matt Coldren, executive vice president, to head its retirement strategy group.
Lockton Hire to Expand Investment Advisors/Financial Advisors Practice
The Washington D.C. office of Lockton Companies has announced that Shelly H. Horwitz will join the firm as an account executive in the retirement and financial services area,...
The Principal Announces New TPA Installation Expense Allowance Program
The Principal Financial Group has announced a new TPA installation expense allowance program.
July Brings ‘Modest’ Pension Funding Recovery
After nearing record deficits at the end of June, U.S. pension plan funded positions have recovered modestly during July thanks mostly to rising equity markets, according to Mercer.
EBSA Schedules VFCP Seminar for the Big Apple
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a free New York City workshop on September 1 about its Voluntary Fiduciary Correction Program (VFCP)....
Survey Finds "Flash Crash" Caused by Issues Related to Market Structure
BlackRock, Inc. released research findings on financial advisers' perceptions of and impact from the May 6th market event known as the “Flash Crash.”
Longevity Concerns High Among Retirement Savers
Half of employees (52%) believe they are behind in their retirement savings and a nearly equal number of workers (53%) are very concerned about outliving their retirement money,...
Participants at Non-Profits Seeking Portfolio Mix Guidance
The number of participants in Fidelity Investments’-administered plans at tax-exempt organizations who sought in-person or phone guidance rose 12% in the first five months of 2010 over last...
Post-Downturn Changes Seen in FA Portfolio Construction
A new Strategic Insight (SI) study of the trends for financial advisers after the economic downturn suggests many advisers are moving away from a traditional style box model...
Natixis Global Associates Launches New Managed Futures Mutual Fund
Nataxis Global Associates has unveiled Natixis ASG Managed Futures Strategy Fund (AMFAX) to be managed by AlphaSimplex Group (ASG).
Crane Gets New Transamerica Sales Job
Transamerica Retirement Services has promoted Jason Crane to senior vice president and national sales director.
Ehn Named to M&I Adviser Post
M&I Institutional Trust Services (M&I) has appointed Janet L. Ehn as director of consultant and advisor relations.
Kim Adds CIO to his List of Titles
New York Life Insurance Company announced that Executive Vice President John Y. Kim, 49, will add the Chief Investment Officer post to his other duties at the end...
Q2 Bleak in BNY Mellon Master Trust Arena
The median plan in the BNY Mellon U.S. Master Trust Universe posted a -4.87% return for the second quarter of 2010.
NY Money Manager Opens Doors with $9B AUM
Global Thematic Partners (GTP), an independent investment management firm that focuses on worldwide thematic investments, has launched with approximately $9 billion in assets under management.
WisdomTree Unveils Emerging Markets ETF
WisdomTree, an exchange-traded fund sponsor and asset manager, has launched the WisdomTree Emerging Markets Local Debt Fund (ELD) on the NYSE Arca.
IMHO: "Wrong" Headed?—Part 2
Last week’s column presented half of a list that I titled “10 things you’re probably STILL doing wrong as a plan fiduciary.”
Auto-IRA Bill Introduced to Spur Retirement Savings
U.S. Senator Jeff Bingaman (D-New Mexico) has introduced legislation that, when fully phased in, would give nearly 42 million Americans an “easy, effective way to take responsibility...
NJ Man Held in Pension Embezzlement Scheme
Federal agents have arrested a New Jersey man on charges he embezzled $263,000 from his company’s pension fund.
Two FAs Form Colorado Advisory Firm
Financial advisers Steve Jones and Seth Gunderson have formed Tenacity Investment Group, an independent Longmont, Colorado-based firm offering services through Raymond James Financial Services.