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Company Introduces ETF-Based Retirement Plan
ETF Advisor k, a Memphis, Tennessee-based open architecture retirement plan provider, has introduced a retirement plan based on exchange-traded funds (ETF) for fee-based advisers and trust departments that...
Windham Unveils Communication Software for Financial Advisers
Windham Capital Management, an investment technology provider, released a software tool for financial advisers, the Windham Planner Express.
Principal Offers Price Break to Small Businesses
The Principal will offer a 0% rate increase on several employee benefits for customers with 50 or fewer employees.
Curian Capital Introduces Tactical Advantage Strategy
Curian Capital said it expanded its Custom Style Portfolios with the addition of the Curian Tactical Advantage Strategy.
Corbat Tapped as Permanent Citi Holdings Head
Mike Corbat has been named CEO of Citi Holdings, which includes its brokerage and asset management units and local consumer finance and a special asset pool.
Vanguard Launches Small-Cap Developed, Emerging Market ETF
Vanguard FTSE All-World ex-US Small-Cap ETF (ticker: VSS), which seeks to track the performance of the FTSE Global Small Cap ex US Index, began trading on the NYSE...
Pomeroy Proposes Updates to Saver’s Credit
U.S. Congressman Earl Pomeroy (D-North Dakota) has introduced legislation that would make changes to the Saver’s Credit.
Judge Approves Adviser Deferred Comp Settlement
A federal judge in New Jersey has approved a $1 million settlement in a long-standing legal battle waged by a group of former Prudential Financial advisers over whether...
Chrysler Stable Value Fund Posts Loss
A retirement plan fund for Chrysler LLC employees that was designed not to lose money has decreased to 89 cents on the dollar, Reuters reports.
House Passes Federal Retirement Reform Bill
The U.S. House, by a voice vote, has passed the Federal Retirement Reform Act of 2009.
Smith Barney Adds ADP to Plan Platform
Smith Barney has expanded its plan provider platform to include ADP.
401(k) Sponsors Migrate toward Institutional Vehicles
As they look to cut fees, corporate 401(k) plan sponsors are continuing to opt for institutional pools over institutionally priced mutual funds, according to research by Cerulli Associates.
Treasury Officials Give Money Market Intervention Five More Months
The U.S. Treasury Department has extended its intervention efforts to support money market funds for five more months, the agency announced.
PLANSPONSOR Announces Winners of 2009 Retirement Plan Adviser and Adviser Team of the Year
Steven Dimitriou, of Mayflower Advisors, LLC, in Boston, Massachusetts, has been named the 2009 PLANSPONSOR Retirement Plan Adviser of the Year, and Fiduciary Investment Advisors of Windsor, Connecticut,...
Millionaires, Affluent Investors Return to Bearish Territory
Spectrem Group’s Millionaire Investor Index rose 8 points in March, returning to a mildly bearish stance.
Buffalo Manufacturer Suspends 401(k) Match
A Buffalo, New York-area building products and steel processing firm has suspended its 401(k) match because of a slumping business climate driven by slowdowns in the housing and...
Lord Abbett Lowers Expense Ratio of High Yield Offering
Lord Abbett&Co. announced that effective March 1, 2009, the net expense ratio on the Lord Abbett High Yield Fund A (LHYAX) Class A shares was reduced to 0.98%.
CUNA Mutual Introduces 401(k) Training Program for Advisers
CUNA Mutual Group has introduced a training program to financial advisers who sell the company’s 401(k) and other retirement plans.
Fidelity Launches Technology Evaluation Tool
Fidelity Investments said it now offers a tool for registered investment advisers (RIAs) to see how their technology stacks up against top-performing firms.
America’s Favorite College Basketball Teams
Only two of America’s 10 favorite college basketball teams made it to the Final Four.