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May Net Fund Outflow Slowed
Despite the return of extreme volatility to financial markets, U.S. mutual fund investors withdrew a net of roughly $7 billion from stock and bond mutual funds in...
ETFs See $5B in May Inflows
May might have been a brutal month for markets around the world, but investors continued to funnel assets into U.S.- listed exchange-traded funds (ETFs), according to the...
ETFs Enjoy Nearly $4B in May Inflows
Investors put a net $3.5 billion into U.S. exchange-traded funds (ETFs) in May, according to an estimate from Strategic Insight (SI), an Asset International company.
Americans Regret Not Saving, Investing More
Fifty percent of those participating in a recent personal finance poll said they have significant regrets about how they’ve handled their financial situation.
Janney Adds Five to Fixed Income Group
Janney Montgomery Scott is further beefing up its fixed income team with the addition of five new hires, the company announced.
Home Depot Cleared in Stock Drop Suit
A federal judge in Georgia has cleared Home Depot of wrongdoing in a stock drop lawsuit.
Tennessee Provider Adds Enrollment Meeting Service
First Mercantile, a Memphis, Tennessee, provider of 401(k) plans, has unveiled a customizable enrollment meeting service.
Alliant Tagged for Pre-PPA Whipsaw Calculation
Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions from its cash balance plan to employees younger than the retirement age, a...
AT&T Cleared in Cash Balance Suit
A federal judge in New Jersey has ruled that AT&T did not violate the Employee Retirement Income Security Act (ERISA) and the Age Discrimination in Employment Act (ADEA)...
Transamerica Appoints Southern Regional VP
Transamerica Retirement Services has hired Chad Brown as regional vice president in the company’s southern region to oversee all sales and distribution activities in western and central Texas....
Jackson Lewis Opens Milwaukee Office
Workplace law firm Jackson Lewis has opened its 46th office in Milwaukee, Wisconsin.
Perspective: Insights into Automatic Enrollment
Is it automatically the right strategy for your clients?
Need a Vacation? Join the Club
Most workers (56%) surveyed by CareerBuilder said they are more in need of a vacation in 2010 than they have been in past years.
Study Examines the Motivations of Plan Sponsors
Employers considering finding a new defined contribution (DC) provider in the next two years are almost equally concerned with understanding legislation, costs/fees, and encouraging employee participation, according to...
AUL Teams with Mesirow for Fiduciary Service
American United Life (AUL) Retirement Services has recently teamed with Mesirow Financial’s Investment Strategies department to launch its Fiduciary Partnership Service.
John Hancock Appoints Stanley to New Post
Robert Stanley has been promoted to senior vice president of Sales Development, John Hancock Retirement Plan Services (RPS), the company announced.
RIAs Continue to Pull in Clients, Show Optimism for Economic Recovery
Most (68%) registered investment advisers (RIAs) said they have increased the number of clients over the last six months, up 13% over the previous quarter, according to a...
Settlement of Fannie Mae Stock Suit Gets Preliminary Approval
A federal court judge has given preliminary approval to a $7.25-million settlement of an Employee Retirement Income Security Act (ERISA) action against the Federal National Mortgage Association (Fannie...
Vanguard Brings in Wellington to International Explorer Fund
The board of trustees of Vanguard International Explorer Fund has approved adoption of a multimanager structure and the addition of Wellington Management Company, LLP, to the fund’s investment...
Dow Jones Adviser Launches on Pershing Platform
Pershing now offers Dow Jones Adviser on its NetX360 platform for broker/dealers and registered investment advisers (RIAs).