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Newport Adds Regional Director
The Newport Group, a provider of retirement and executive benefit plans and investment consulting services, has appointed Joseph Cosentino as a regional director.
Deutsche Bank, NASDAQ OMX Introduce Clean Tech Index
DB Climate Change Advisors (DBCCA), a business of Deutsche Bank’ Asset Management division, and The NASDAQ OMX Group, Inc., have introduced the DB NASDAQ OMX Clean Tech Index...
Principal Unveils Form 5500 Tools
The Principal Financial Group has released two online tools to help plan sponsors file their Form 5500 reports with the U.S. Department of Labor (DoL).
Consultant Choice Affects Investment Strategy at DC Plans
A study affirms the idea that defined contribution (DC) plans could end up with differing plan design features and results depending on the choice of service providers such...
Schwab Reports Cover RIA Succession, Transition Planning
Charles Schwab and Co., Inc., said it is releasing two Schwab Market Knowledge Tools reports to help registered investment advisers (RIAs) tackle succession planning and understand M&A deal...
Transamerica to Offer Diversified Growth Strategy to Retail Investors
Transamerica Asset Management Group has teamed up with Wellington Management to offer the Transamerica WMC Diversified Growth fund to retail investors in April.
Vermont City Files FINRA Complaint against Morgan Stanley
The city of Burlington, Vermont, has filed a regulatory complaint against Morgan Stanley alleging that the firm’s consultants sold the city pension fund investments that caused it to...
Firm Rates Best Web Features for Advisers
Some fund managers offer better Web tools for advisers than others.
PlanTools Introduces Online Solution for Schedule C Reporting
PlanTools, LLC, has introduced an expanded suite of online tools that automates the production of data for inclusion in the Department of Labor's required Schedule C reporting.
Study Finds High Turnover in Some Equity Portfolios
A new study found turnover rate in some actively managed equity funds can be as high as 200% more than that claimed by the manager.
WMSI Expands Rollover Service to Include Roth IRAs
Wealth Management Systems Inc. (WMSI) now offers Roth IRAs to participants rolling over their retirement savings.
E*Trade Unveils Portfolio Management Tool
E*Trade has rolled out a new advice solution that it says will “help investors navigate complex market dynamics.”
Bond Funds Continue to Dominate in December
Bond funds saw inflows of $29 billion in December, according to Strategic Insight (SI), an Asset International company.
Many Sponsors Step up 401(k) Game in 2010
Less confident of their employees’ ability to sock away a sufficient retirement nest egg, mid- to large-sized companies in a new Hewitt Associates survey said they plan to...
Mercer Finds Equity Markets End 2009 Strong
Mercer’s fourth-quarter 2009 Defined Contribution Universe Summary found gains in all equity markets during the period.
ETFs See Losses in January
Exchange-traded-fund (ETF) assets fell by $45.3 billion for the month, or 5.8%, according to State Street Global Advisors January 2010 ETF Snapshot.
RidgeWorth Launches Plan Adviser Web Site
RidgeWorth Investments has launched a new Web site that has an interactive, customizable retirement plan benchmarking tool and general resources that 401(k) advisers can use to help plan...
Lockton Announces Employee Benefits Practice Chief Consultant
Lissa Thomson has been promoted to senior vice president, chief consultant for Lockton Benefits Group's Southern California operations.
BofA Merrill Lynch: Retirement Participants Boost Savings
401(k) participants took positive savings actions within their retirement savings plans in Q4 and throughout 2009, according to the latest quarterly report from Bank of America Merrill Lynch.