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New Commonwealth Platform Lets Advisers Pick Provider
Commonwealth Financial Network introduced a “vendor-agnostic,” fee-based retirement platform.
Lewis to Exit BofA
Kenneth D. Lewis, Bank of America Corp. CEO and president, announced he will resign by year-end.
PANC 2009: Advisers Strive to Customize Participant Education
Retirement plan education delivery is moving away from the vendor—representing a big opportunity for plan advisers, noted panelists at the PLANADVISER National Conference.
NJ Companies See Lower Retirement Participation Rates
Four-in-10 surveyed New Jersey plan sponsors use a financial adviser to help educate employees, while 33% do not provide any help in educating employees regarding their 401(k) plans....
Employers Put Retirement Plan Changes on Hold
An Aon Consulting survey indicates employers are taking a wait-and-see approach before changing their retirement programs.
Vick to Turn Over $400K to DoL
Disgraced NFL quarterback Michael D. Vick has agreed to pay $416,461 in restitution to a pension plan sponsored by his company MV7 LLC to settle allegations Vick had...
McGraw-Hill Revamps Enrollment Kit
Financial Communications, a division of McGraw-Hill Professional and a provider of retirement communication solutions, has launched a new version of its enrollment kit.
Is That Food Stuck in Your Teeth?
Spotting a co-worker with his fly down can be pretty awkward—which is why a third of people wouldn’t mention it.
PANC 2009: UBS, MSSB Retirement Heads Make Case for Wirehouse
Wirehouses can bring scale and product innovation to the retirement plan adviser—and pay the electricity bill for you, noted Ed O’Connor, managing director at UBS Financial Services.
PANC 2009: Why Independence Fits the Retirement Plan Adviser
At the PLANADVISER National Conference, a panel of big names in the independent advisory space discussed why independence might be a good choice for retirement plan advisers.
Guardian Expands Retirement Solutions Sales Force
The Guardian Life Insurance Company of America is expanding its Retirement Solutions national sales force to offer its retirement products to small and mid-sized businesses across the nation.
BofA Sells Columbia to Ameriprise for $1B
Bank of America Corporation (BofA) signed an agreement to sell the stock and bond units of Columbia Management to Ameriprise Financial, Inc., the companies announced.
Nationwide Taps Arvia as Retirement Head
Anne Arvia, president of Nationwide Bank, has been drafted to be the new chief of Nationwide’s retirement business, as of November 1, 2009.
Dreyfus Introduces Two New Fund of Funds
The Dreyfus Corporation, part of BNY Mellon Asset Management, has introduced two new fund of funds: Dreyfus Satellite Alpha Fund and Dreyfus Diversified Global Fund.
J.P. Morgan Launches Portfolio Construction Tool
J.P. Morgan Worldwide Securities Services (WSS) has developed an asset allocation and manager selection analysis tool that enables clients to plan and map the risk-return implications of their...
BofA Brings in New Heads for Retirement, Wealth Management
Bank of America (BofA) brought in Andrew Sieg to head its retirement group and appointed Keith Banks and John Theil to lead Private Wealth Management.
BrightScope Unveils Adviser Service
The 401(k) ratings and analytics firm BrightScope launched a service to help advisers and consultants find plans that need their help.
Investors Turn to Advisers for Roth Conversion Help
While many investors still do not understand the features of a Roth IRA or know about the conversion opportunity just months away, most said they would look to...
ABG Carolinas Redesigns Web Site
A Charlotte, North Carolina, third-party administrator and recordkeeper has unveiled a redesigned Web site, including an adviser center.
Managers Hot on Emerging Market, Non-U.S. Equities
The latest Russell Investments quarterly investment manager survey found the hottest asset classes are emerging market equities and non-U.S. (developed market) equities at 67% bullish and 63% bullish,...