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Invesco PowerShares Announces Lowered Expense Ratios
Invesco PowerShares Capital Management LLC, provider of exchange-traded funds (ETFs), announced that expense ratios for its 11 domestic PowerShares FTSE RAFI ETF portfolios will be lowered to 39...
BoA, Merrill Retention Package Rewards Top Producers
It remains to be seen what the Merrill Lynch retention package will mean for retirement plan advisers.
ING Introduces Plan Administration Service for 403(b)s
ING has unveiled planwithease.com, a plan administration service specifically designed to help sponsors of 403(b) plans meet the added responsibilities they face under new IRS regulations.
IMHO: The Pit and the Pendulum
They say that desperate times call for desperate measures.
401(k) Breach Suit Can Move Forward
In a federal appellate court ruling, an Illinois psychologist got more time to pursue her legal claims for assets missing from her 401(k) account.
Attorneys Ask for Delay of 403(b) Effective Date
In a letter signed by 33 403(b) practitioners and advisers, two attorneys requested an extension of the effective date for complying with the written plan requirement dictated by...
DoL Sues California RIA for Undisclosed Incentive Receipt
Zenith Capital, a registered investment advisory (RIA) firm, allegedly collected incentive fees from a hedge fund in exchange for investing retirement plan assets in the fund.
Plan Sponsors Experience Significant Losses in Third Quarter
Most U.S. institutional investment plan sponsors reported a fourth consecutive quarter of negative results for the period ending September 30, according to data in the Northern Trust Universe.
DoL Puts Fiduciary Training Condition on Plan Officials
In a company stock suit, the U.S. Department of Labor obtained a settlement restoring $8,590,000 to participants of the Agway Inc. 401(k) plan.
RIAs Well-Positioned for Future Mutual Fund Opportunity
Looking ahead, mutual funds could come out the winners of the current financial crisis, according to a new report by Strategic Insight.
Morningstar Unveils Retirement Income Portfolios
Morningstar Investment Services introduced Morningstar Managed Portfolios Retirement Income Series, a managed account service made up of a lineup of three actively managed portfolios.
Mutual of Omaha Adds Managed Account Feature
Mutual of Omaha is offering employers a 401(k) managed account feature through an arrangement with PMFM Inc.
ExpertPlan to Provide 401(k) RK Program for Claymore
Claymore Securities, Inc., tapped recordkeeper ExpertPlan to provide a 401(k) recordkeeping and administration solution that includes access to exchanged-traded funds (ETFs).
Bank of America Fills Out Leadership Team
Bank of America today announced that Bob McCann, currently vice chairman and president of Global Wealth Management at Merrill Lynch, will be head of the combined financial adviser...
Advisers Remain Confident—Especially about Business
Most advisers are telling clients to weather the storm, according to the latest Brinker Barometer.
Geneos Updates Technology Platform for Advisers
Geneos Wealth Management, Inc., a Denver-based broker/dealer, announced enhancements to its technology platform for broker/dealers and registered representatives.
Putnam Continues Effort to Build Up Investment Team
Nick C. Thakore and Robert D. Ewing will join Putnam Investments as managing directors and portfolio managers of the firm’s Large Cap Equities Team, the company said.
ICI Says Retirees Responsible with Distributions
Retirees do not spend their defined contribution (DC) balances immediately at retirement, but make thoughtful choices and use the proceeds prudently, according to a new study by the...