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Target-Date Funds Extend Performance Winning Streak
After six consecutive quarters of negative returns, the average target-maturity fund has now been positive for four straight quarters, according to Morningstar.
Former UBS Advisers Set Up RIA in Mississippi
Three former UBS wealth advisers have formed Mississippi Investment Management Company, LLC (MIMCO), a registered investment adviser (RIA) serving both affluent and institutional investors.
Wyeth Walks off with Stock-Drop Win
A federal judge in New York has tossed out a stock drop lawsuit against Wyeth Corp., ruling that the company was entitled to a presumption its decision to...
IMHO: “Different” Strokes
There is a “common wisdom” in our business that suggests that all plan sponsors are, more or less, alike.
TIAA-CREF Names New Marketing Head
Connie K. Weaver has joined TIAA-CREF as executive vice president, chief marketing and communications officer, the company announced.
MetLife Settles Charges of Improper Payments to Insurance Broker
The Metropolitan Life Insurance Company (MetLife) will pay $13.5 million to the federal government to settle charges it made improper payments to a San Diego-based insurance broker.
Keeley Asset Management Launches Alternative Value Fund
Keeley Asset Management Corporation has announced the national launch of the KEELEY Alternative Value Fund.
Employees Identify Potential Retirement Plan Improvements
A survey from ING U.S. Retirement Services shows that those in a workplace plan are more confident, informed, and proactive when it comes to their savings.
Merrill Profits Fall as Assets Shift to BofA Retail Division
Although Merrill Lynch saw sinking revenue and profits, the brokerage unit is helping to keep Bank of America (BofA) in the black.
Hunt Tapped for Hancock RPS Sales Post
Cheney L. Hunt III has been promoted to regional sales manager of the Midwest Region for John Hancock Retirement Plan Services (RPS), the company has announced.
Bond Funds Still Golden in March
U.S. investors poured $47.5 billion into mutual funds in March, bringing total net inflows for the first quarter to $125.2 billion, Morningstar reported.
ETFs Enjoy March Inflows of $20B
Investors plowed $19.7 billion into exchange-traded funds (ETFs) in March, helping to push total net inflows for the ETF industry to $7.7 billion for the first quarter of...
Beverly Enterprises Settles 401(k) Excessive Fee Charges
Beverly Enterprises has agreed to settle for $6.25 million claims that it caused its 401(k) plan to incur excessive fees.
Survey Finds More Proof the Downturn Means Delayed Retirement
Only 44% of investors reported being confident in their ability to retire in financial security as they had planned, according to a nationwide survey commissioned by Citi and...
Business Owners Can’t Live Without Their Smartphones
As the workplace becomes increasingly mobile, smartphones have become indispensable to many owners of small and medium-sized businesses, according to a new survey.
Fund Flows Pick Up Steam in Q110
During the 12 months since stock markets bottomed in March 2009, worldwide bond and stock mutual fund net inflows eclipsed $1 trillion, about half of which was garnered...
WMSI to Offer Private-Label IRAs
Through a partnership with Inspira, a provider of private-labeled IRA solutions, Wealth Management Systems, Inc (WMSI) will expand its product offering to include private-labeled IRA Solutions.
ETFs Pull in Nearly $8B in Q110
Strategic Insight (SI) said exchange-traded funds (ETFs) experienced roughly $7.7 billion of aggregate net inflows during the first quarter of 2010.
MFS Announces Leadership Appointments
MFS Investment Management has announced the appointment of Robert J. Manning to chairman of the company, effective July 1.
The Newport Group Appoints Retirement Plan Sales Head
The Newport Group has appointed George Sutherland as vice president, Retirement Services.