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eRollover Names First CEO
eRollover, which describes itself as a destination for retirement planning, education and analysis, has named Tim Harrington as the company’s first Chairman and Chief Executive Officer.
IMHO: Naughty or Nice?
A few years back—when my kids still believed in the reality of Santa Claus—we discovered an ingenious Web site that purported to offer a real-time assessment...
New Report Says FAs Reassessing Business Model
A new report suggests that more financial advisers (FAs) at the national broker/dealers (B/Ds) are reluctant to follow home office model portfolio recommendations.
Retirement Plan Advisers Boast Bigger Books of Business
Advisers with retirement plan sponsor clients have total assets under management (AUM) more than 40% higher than their peers, according to Cogent Research.
Court Rejects Financial Planner’s Suit against AIG
A California court set aside a suit by a financial planner alleging that American International Group Inc’s risky business harmed her clients, Dow Jones reported.
Health Care Company Resumes Match, Ends Pension
Salt Lake City-based Intermountain Healthcare will resume and increase its contributions to employee 401(k) retirement savings plans next month, but the company is ending part of its traditional...
FedEx Puts Back Part of 401(k) Match
Still cautious about a slow U.S. economic recovery, package shipper FedEx Corp. announced it would reinstate half of its 401(k) match as well as its merit salary increase...
Brewer Investment Group Names Campo to Sales Post
Chicago wealth management firm Brewer Investment Group has tapped Michael Anthony Campo as senior vice president, Retirement Markets, effective immediately.
Wells to Offer Rollover Annuity
Wells Fargo’s Institutional Retirement and Trust division is offering retirement plan participants institutionally priced annuities on the Hueler Income Solutions platform.
Saving More Beats Losing Weight as New Year's Goal
Could Americans have learned their lesson about saving versus spending?
Hartford Equity Offering Gets New Name
The Hartford Mutual Funds renamed its Global Equity Fund as The Hartford Global Research Fund.
Morgan Stanley Launches Emerging Manager Program
Morgan Stanley Investment Management (MSIM) has announced the launch of the Morgan Stanley Emerging Manager Program (EM Program).
SEC Tightens Adviser Custody Rules
The Securities and Exchange Commission (SEC) has adopted Bernard Madoff-inspired rules that make it more difficult for investment advisers to custody their clients’ assets.
SSgA Launches Short-Term Corporate Bond ETF
State Street Global Advisors (SSgA), the investment management business of State Street Corporation, announced that the SPDR Barclays Capital Short Term Corporate Bond ETF (SCPB) began trading on...
More Employers Considering Annuities in DC Plans
The number of employers planning to offer annuities to participants in their defined contribution plans is expected to grow, according to a survey by Watson Wyatt.
BofA Appoints Moynihan as CEO
Brian Moynihan will take over as Bank of America’s (BofA) CEO and president following the retirement of Kenneth Lewis on December 31, the company announced.
Prudential Rebrands JennisonDryden
Prudential Financial, Inc., announced that it will rename its mutual fund family, JennisonDryden, to Prudential Investments.
Bad Driving Might be Genetic
The next time you see a bad driver on the road, you could blame genetics, recent research suggests.
Workers Turn to Family First for Financial Advice
New research from the Sun Life Financial Unretirement Index revealed that more working Americans seek financial advice from family members and friends than from financial advisers, the media,...
MassMutual Participant Engagement Platform Coming in 2010
MassMutual's Retirement Services Division has announced plans to introduce its new RetireSmart participant engagement platform in the second quarter of 2010.