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Van Eck Launches Vietnam ETF
New York-based asset manager Van Eck Global has launched Market Vectors Vietnam ETF (NYSE: VNM) on NYSE Arca.
DailyAccess Makes Second Acquisition This Year
DailyAccess Corporation, a Mobile, Alabama-based plan service provider, has acquired Leggette Actuaries, Inc.
DoL Sues Plan Trustees for Misuse of Plans' Assets
The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company's pension and profit-sharing plan trustees for allegedly misusing plan assets to...
Vanguard Clamps Down on PRIMECAP Asset Growth
The Vanguard Group has shuttered its PRIMECAP Core Fund to advisers and institutional clients such as defined benefit plans, endowments, and foundations.
AXA Advisors Fined for Fraudulent Rollovers
The Securities and Exchange Commission (SEC) fined AXA Advisors $50,000 related to retirement-fund fraud by a registered representative.
Can Sex Help You Sell?
Add this to the list of studies about how to improve job performance: Increased sexual activity might lead to an improvement in problem-solving, confidence, and teamwork.
More Employers Plan to Bring Back the Match
The number of employers planning to reinstate a matching contribution to 401(k) plans has increased in the past two months, according to the latest research from Watson Wyatt.
Affluent Investors Expect Slow Recovery
Affluent investors are dismal about their short-term financial situation, but many are turning to advisers for help.
Leveraged ETFs Might Go to Court
Leveraged exchange-traded-funds (ETFs) have caught the attention of regulators, and now law firms have noticed the products as well.
The 10 Best Places to Grow Old
Where is it trendy to retire these days? The places might be different than you think.
Great-West Beefs Up Wholesaler Ratios
Great-West Retirement Services has hired eight additional internal wholesalers to further enhance the support it provides its external sales force and their financial adviser and third-party...
The Principal Offers Text Messaging, iGoogle Feature
Participants with retirement accounts through the Principal Financial Group can receive certain account information via text messages and their personal iGoogle homepages.
Funds See $44B Asset Influx in July
The recent market uptick continued to benefit U.S. mutual fund flows in July as investors poured almost $44 billion ($171 billion year to date) into fund offerings, Morningstar...
Westrock Names Hunter CEO
Westrock Group, Inc., a financial services holding company, named Donald H. Hunter, Jr., as CEO and president of the firm and its wealth management subsidiary, Westrock Advisors, Inc.
WealthBook Releases New Version of Referral Service
WealthBook, provider of practice management software solutions for advisers, announced the availability of WealthBook release 2.0.
Most Younger Workers Don’t Contribute to Workplace Plan
An analysis of 401(k) data by Fidelity Investments has identified behaviors hindering savings for workers at different life stages.
American Reliance Will Offer FundQuest Technology
American Reliance Group, Inc., (ARG), a financial advisory firm headquartered in Spokane, Washington, has selected FundQuest to provide outsourced technology, back-office, and investment research services.
Retirement Assets Now One-Third of U.S. Household Assets
Americans held $13.4 trillion in retirement assets at the end of the first quarter of 2009, accounting for 33% of all household financial assets in the United States,...
When Markets Get Cold, Many Participants … Do Nothing
Despite fears that participants would flee their workplace retirement savings plan during the worst of the 2008 market turmoil, many defined contribution participants did nothing at all.
New York Life Uses Predictive Modeling to Attract Rollovers
New York Life Retirement Plan Services is rolling out a new way to attract 401(k) participant assets.