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Parties Settle General Dynamics 401(k) Fee Case
General Dynamics Corporation and Fiduciary Asset Management (FAMCO) have agreed to a $15.1-million settlement of a 401(k) excessive fee lawsuit.
Independent Adviser Growth Spurs Wells Fargo Realignment
Wells Fargo Advisors Financial Network, LLC (WFAFN) says it “expanding and realigning” its Supervision Team in anticipation of continued growth in its independent financial advisor...
June Fund Flows Reported at $25B
Stock and bond funds experienced June net inflows of $25.5 billion according to new Financial Research Corporation (FRC) data.
OppenheimerFunds Appoints New Leaders in Marketing and Distribution
OppenheimerFunds, Inc. has appointed four industry veterans to newly created leadership positions within its marketing and distribution organizations.
RISE Offers Financial Education Tool and Video to Advisers
The Retirement Income Solutions Enterprise (RISE) is offering a free interactive financial education tool and video to financial advisers.
DoL and Treasury to Hold Hearing on Lifetime Income Options
The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Department of the Treasury have announced a joint public hearing on issues relating to lifetime...
Fiscal Downturn Impacts Social Security Outlook
The Social Security Board of Trustees reported Thursday that the long-range outlook of the Social Security Trust funds remains unchanged from last year’s projections.
Business Owners Aware of Retirement Savings Need
A new study from the Ewing Marion Kauffman Foundation shows that business owners are more conservative when it comes to saving and borrowing than generally thought.
12b-1 Sales Charge Proposal Effect on FAs Won’t Be ‘Dramatic’
While a proposed Securities and Exchange Commission (SEC) rule on 12b-1 sales charges will mean financial advisers would lose about $1.5 billion in fees in seven years, that...
Schwab Introduces Bond ETFs
Charles Schwab has announced the launch of three bond ETFs, adding to a suite of eight equity Schwab ETFs.
Bank of Hawaii Enhances Wealth Management Options for Clients
Bank of Hawaii’s Investment Services Group is now offering its clients an open architecture unified managed account (UMA) that can integrate multiple products.
Survey Finds Americans Wishing for Traditional Retirement System
In a new survey, Ipsos found half of respondents wish they had a pension.
Hiring Managers Wary of Fidgeting Job Candidates
Job seekers with shifty eyes, reluctant smiles, or fidgety limbs during an interview may be hurting their chances of landing a job.
Arthur J. Gallagher Acquires Texas Benefits Consulting Firm
International insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired Benefits Unlimited, Inc. in Houston, Texas.
Paychex Prevails in Revenue Sharing Dispute
Paychex Inc. may have influenced a 401(k) plan’s investment lineup, but did not make the ultimate decision about which fund options to offer participants, a federal judge has...
Sponsored by EWM
Ready or Naught? Maintaining your competitive advantage in a time of uncertainty—and beyond
The challenges associated with offering creative and effective executive compensation programshave always loomed large for employers, but never more so than today when the combination of volatile
Principal Unveils Fee Disclosure Site
The Principal Financial Group has launched a Web site to help educate advisers and sponsors about the Department of Labor’s (DoL) new fee disclosure regulation.
DailyAccess to Offer ETFs
Through a strategic alliance with Mid Atlantic Financial Platforms, Inc. (MAFP), DailyAccess Corporation is now positioned to offer exchange traded funds (ETFs) in employee benefit plans.
BNY Mellon Announces New CEO of Asset Management
Curtis Arledge will be joining BNY Mellon as vice chairman of the corporation and chief executive officer of BNY Mellon Asset Management.
BNY Mellon Enhancements Aid in Complying with New Reporting Rules
BNY Mellon Asset Servicing has enhanced its Workbench platform to help institutional investors comply with new accounting standards that require them to report the industry ratings of their...