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AllianceBernstein to Join WMSI’s Adviser Rollover Network
Wealth Management Systems (WMSI) has announced that AllianceBernstein Investments will soon join WMSI’s Advisor Referral Network.
Participant Files Excessive 401(k) Fee Suit Against Wal-Mart
A Missouri Wal-Mart employee and participant in the company’s 401(k) plan has filed an excessive fee lawsuit against the giant retailer.
Shipman Named Putnam Regional 401(k) Sales Director for Midwest
Putnam Investments has named Carroll Shipman as senior vice president, Regional 401(k) Sales Director for the Midwest region.
Confusion About Financial Jargon Preventing Decisions
One in six Americans have not signed up for their company’s retirement plan because they don’t understand how it works, and 44% don't understand how an individual retirement...
IMHO: The Sum of Its Parts
Last week, the House Committee on Education and Labor passed the 401(k) Fair Disclosure for Retirement Security Act (H.R. 3185).
IMHO: The Sum of Its Parts
Last week, the House Committee on Education and Labor passed the 401(k) Fair Disclosure for Retirement Security Act (H.R. 3185).
Participant Equities Exodus Continues in March
Participants moved assets from equities to fixed-income investments during 80% of the trading days in March, according to the Hewitt 401(k) Index.
Law Firm Investigates Possible M&I Fiduciary Breach to Retirement Plan
The law firm of Stember Feinstein Doyle&Payne, LLC is investigating whether Marshall&Ilsley (M&I) violated its fiduciary duties to its retirement program by maintaining investment offerings in certain M&I-owned...
Despite Recession Talks, Many Advisers Still Bullish on U.S. Economy
Despite all the talk about the declining U.S. economy, a recent survey of financial advisers found that 63% of financial advisers are bearish over predictions for U.S. economic...
Cafaro Group Changes Name
The Cafaro Group, LLC, a member firm of National Retirement Partners, is now Cafaro Greenleaf.
Lockton Companies Enter Retirement Plan Services Market
Independent insurance broker Lockton Companies in Atlanta is launching retirement plan consulting services for both corporate and not-for-profit organizations.
Large 401(k) Sponsors Want Expert Advisers
A new Spectrem Group survey of large 401(k) plan sponsors found the sponsors are looking for advisers expert in a particular service and will bring on more than...
Miller Fee Bill Clears House Committee
The version of a 401(k) fee disclosure bill passed by a U.S. House committee Wednesday includes a controversial provision mandating that plan sponsors include an index fund in...
Mercer Launches Retirement Savings Education Program
Mercer has recently introduced an online retirement savings educational program to employees whose 401(k) plans it administers and the general public.
Mutual of Omaha to Ramp up Retirement Plan Unit
Mutual of Omaha has revealed plans to double the workforce at its recently acquired Retirement Marketing Solutions (RMS) subsidiary and to open an Omaha office for the new...
Perspective: How to Choose a Target-Date Fund
Albert Einstein might have been thinking about target-date funds when he said that everything should be made as simple as possible, but not one bit simpler.
Tall Tale?
You’ve perhaps heard about studies that suggest that more boys were born just ahead of the two World Wars.
Worldwide Funds Enjoy Q407 Inflows
Net cash flow to mutual funds worldwide was $383 billion in the fourth quarter of 2007, with both long-term funds and money market funds experiencing aggregate net inflows,...
Callan, Natixis Team to Release UMA Offering
Callan Associates’ Independent Adviser Group (IAG) and Natixis Global Associates’ Managed Portfolio Advisors (MPA) have announced the Callan Unified Managed Account (UMA) program.
AIG Adviser Group Names New SVP and General Counsel
AIG Advisor Group has named Noah Sorkin to the newly created position of Senior Vice President and General Counsel.