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Keller Rohrback Launches Another Stock Drop Investigation
There’s another stock drop suit brewing – and this one’s directed at Fannie Mae.
IMHO: A Good Deal?
A survey published this past week by Fidelity noted that workers cited health insurance, retirement savings plan matching contributions, and dental insurance as the three most important benefits,...
Oppenheimer Welcomes Ex-Stanford Advisers
Oppenheimer&Co. is opening and expanding branches with financial advisers formerly associated with the Stanford Group.
Alliance Adds Service Team for Advisers
Alliance Benefit Group Carolinas, a Charlotte, North Carolina-based third-party administrator and recordkeeper, has created a special team to work with financial advisers to retirement plans.
Bill Would Add Auto-Enrollment Feature to TSP
Legislative changes to the Federal Thrift Savings Plan (TSP) are tacked onto a U.S. House bill aimed at regulating tobacco products.
Perkins Reopens Small Cap Value Fund
Perkins Investment Management LLC, a subsidiary of Janus Capital Group, announced that Perkins Small Cap Value Fund (JSCVX) reopened to new investors, effective Friday.
Controversy Brews over Investment Advice Regs
Comment letters flowing into the U.S. Department of Labor (DoL) over the recently postponed investment advice regulations make it clear that the issue is red hot with controversy.
Despite Volatility, Cash Flows Still Positive
U.S. investors started off 2009 continuing their contributions to mutual funds—particularly into money-market funds, according to Strategic Insight.
Principal Introduces Tool for Measuring Plan Success
A new tool from the Principal allows advisers to show clients what percentage of employees is saving enough to maintain their standard of living in retirement.
Madoff Does Not Pass Go
Bernard Madoff pleaded guilty in Manhattan federal court to 11 felony counts related to a $50 billion Ponzi scheme, federal officials announced.
Schwab SDBA Participants Flee from Equities
Participants in Charles Schwab Self Directed Brokerage Accounts (SDBA) fled to safety during the economic downturn, according to Schwab data for the fourth quarter of 2008.
Television Station Owner Trims 401(k) Match
Dallas-based television station owner Belo Corp. has suspended the company’s 401(k) match, trimmed some salaries, and cut its workforce because of the slumping economy.
AARP Joins 401(k) Match Suspension List
The trend that has seen some employers hard-hit by the recession opt to suspend their 401(k) match has reached the lobbying organization dedicated to helping Americans in retirement.
Securian Names 2009 Board for Women Advisers' Council
Nine female financial advisers from across the country were named to lead Securian Financial Group’s Women’s Interactive Sales Exchange (WISE) Council.
Fidelity Introduces Talent Management Program for RIAs
Fidelity Investments introduced a new program to help registered independent advisers (RIAs) hire, develop, and retain employees.
Firms Can Reach Boomers through Social Web
Baby Boomers continue to consume and use more social technologies, and retirement-focused sites are taking up the opportunity.
E&Y: More Employees Ask about Early Withdrawal
Ernst & Young said its Financial Planner Line saw a dramatic increase in employee inquiries about penalties and tax implications associated with early withdrawals from 401(k) plans.
Ohio Company Joins List of Those Cutting Match
Ashtabula, Ohio-based Molded Fiber Glass Companies has discontinued its 401(k) match.
Utah County Cuts 401(k) Contribution
As part of a cost-cutting plan, Utah County has suspended contributions to employee 401(k) accounts.