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Wilmington Trust to Participate in Treasury Guarantee Program
Wilmington Trust announced on Friday that the Board of Trustees of its mutual fund family, the Wilmington Funds, authorized participation in the U.S. Treasury Department’s new Temporary Money...
UBS to Shrink Investment Bank
UBS announced 2,000 job cuts, but it appears that the wealth management unit is not in the line of fire.
Wachovia Leaves Citigroup at the Altar
If you’re still trying to sort through what the Wachovia-Citigroup deal means – don’t bother.
2010 Funds Have Rough Quarter
It’s been a rough month for the markets, and a challenging quarter for 401(k) plan investments.
NIVM Adds TPA to Stable
National Investment Managers (NIVM)., a retirement plan administration and investment management company, closed on the acquisition of Pension Technical Services, a third-party administrator (TPA).
World Equity Markets Head South
September 2008 was not a happy time in the world of emerging market equities.
RSM McGladrey, WisdomTree Partner for Retirement Plan Offerings
RSM McGladrey’s Retirement Resources will add the WisdomTree ETF 401(k) Platform to its existing retirement plan offering.
MetLife Launches Interactive Annuity Tool
MetLife launched an online Income Annuities Guide.
Schering-Plough Stock-Drop Case Gets Class Action Status
A federal judge in New Jersey said a participant lawsuit against Schering-Plough Corp. over employee company stock investments can be pursued as a class action.
UBS to Apply for Money Market Guarantee Program
The Boards of Directors/Trustees for the UBS U.S. Money Market Funds have approved the funds’ participation in the U.S. Treasury’s Temporary Guarantee Program.
Worried Americans Prefer Fee-Based Advisers
Americans are worried about today’s market, and many say they think an adviser could help them.
Ohio Business Owner Enters Plea on 401(k) Annual Reports Charge
The owner of a Columbus, Ohio, company has pleaded guilty to not filing financial reports for the company's 401(k) plan as required by the Employee Retirement Income Security...
Boeing 401(k) Fee Case Sanctioned as Class Action
A federal judge in Illinois sanctioned an excessive 401(k) fee lawsuit against Boeing Co. as a class action.
Thain To Head Wealth Management at Bank of America
Bank of America announced that John Thain, chairman and CEO of Merrill Lynch, will become president of Global Banking, Securities, and Wealth Management in the merged company.
Wells Unveils SRI Fund
Wells Fargo&Co. launched the Wells Fargo Advantage Social Sustainability Fund.
Financial Firms Hone Message to Clients in Crisis
Amid the financial turmoil, financial advisers might be better off sending their own message to clients, rather than relying on financial firms.
Adviser-led Parents Better College Savers
A new report says that day-to-day expenses are thwarting parents’ ability to set aside money for college – and they may have to put off retirement as a...
Reserve Primary Fund Promises $20B in Shareholder Repayments
Money market fund Reserve Primary Fund, which helped set off the financial crisis after it “broke the buck,″ said it will return at least one-third of investors' money...
Obama, McCain Tied Among Wealthy Voters
Among the wealthiest 10% of U.S. households, this presidential election is a dead heat.