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H&R Block to Refund IRA Fees to Settle Lawsuit
H&R Block Inc will pay as much as $20.2 million to settle a New York lawsuit accusing it of fraudulently marketing individual retirement accounts (IRAs) that charged hidden...
Huntington Introduces New Emerging Markets Fund
Huntington Funds has launched a new fund to tap into emerging markets.
SunTrust Reportedly Trying to Sell Asset Management Biz
SunTrust Banks Inc. is trying to sell RidgeWorth Investments, its multi-boutique asset management business, people familiar with the matter said on Monday, according to Reuters.
WisdomTree Launches International Hedged Equity ETF
WisdomTree has launched the WisdomTree International Hedged Equity Fund (HEDJ).
Diversified Names 403(b) Market Leader
Diversified Investment Advisors, Inc., has announced that Brodie Wood has been promoted to vice president and 403(b) market leader of the firm’s not-for-profit (NFP) practice.
Many Happy Returns?
Major U.S. stock indexes ended what turned out to be a good year on a sour note—albeit on very light trading volume.
RIA Announces Retirement Plan Advice Offering
Kring Financial Management has developed a solution for investors who want to manage their retirement plan investments proactively.
RS Investments Launches Fixed-Income Funds
San Francisco-based RS Investments has announced the launch of three new fixed-income funds.
IMHO: "Hind" Sighted
What might the year past mean for the year ahead - on fee disclosure, target date funds, investment advice?
Health Care Reform Could Incent Employers to Drop Retiree Health Care
The latest Employee Benefit Research Institute (EBRI) Issue Brief examined how current health reform legislation being debated in Congress will impact the future of retiree health benefits.
Report Warns of Cost of Roth Conversion
Converting from a traditional IRA to a Roth IRA might come with a hefty price, according to a new analysis by the National Center for Policy Analysis (NCPA).
Transamerica Extends Bond Fund Purchase Minimum
Transamerica Asset Management Group (TAMG) has extended indefinitely the reduction to the purchase threshold for NAV purchases of Transamerica Short-Term Bond announced earlier this year.
National Planning Holdings Names VP of Due Diligence
National Planning Holdings, Inc. (NPH), said it has promoted Brian Sward to vice president of due diligence.
Prudential Completes Sale of Minority Interest in Wachovia
Prudential Financial, Inc., has completed the sale of its minority joint venture interest in Wachovia Securities Financial Holdings, LLC, including Wells Fargo Advisors, to Wells Fargo & Company,...
Tampa Recordkeeper Rebrands
Tampa, Florida-based 401k ASP has announced a name change, which the company said will better reflect its expanding product lineup.
Tiger Woods Scandal Costs Shareholders Billions
Celebrity affairs can cost more than just a marriage, new research suggests.
Attorney Admits Lying about Embezzling Retirement Plan Funds
A Savannah, Georgia, attorney has pled guilty to obstruction of justice related to a U.S. Department of Labor (DoL) investigation of the retirement plans of his law firm.
Fitch Releases Investment Manager and Alternative Funds Criteria
Fitch Ratings has released the criteria rating report titled “Investment Manager and Alternative Funds Criteria.”
Affluent Investor Confidence Drops in December
Affluent and millionaire investors are heading into the New Year with sinking investment confidence, according to a monthly survey from Spectrem Group.
Georgia County Slashes 401(k) Match
Employees of a Georgia county near Atlanta have had their 401(k) employer match cut back as part of a broad cost-cutting effort.