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IMHO: Legends for Our Times
Ours is an industry of fairly recent invention–one that is, in many respects, only just beginning to emerge from the growth pangs of adolescence.
Two New PowerShares ETFs Come Online
Invesco PowerShares Capital Management LLC has announced the listing of two new exchange-traded funds.
UBS Launches Family of ETNs
Eight UBS E-TRACS Exchange Traded Notes (ETNs) have begun trading on NYSE Arca.
SPARK Issues Proposed Best Practices for 403(b) Info Sharing
The SPARK Institute has released for public review and comment the first of two proposals for best practices in information sharing among 403(b) plan providers and sponsors.
Advisers Say Many Clients Need More Time Before Retiring
Nearly half (46%) of the advisers in a recent poll said their clients are still tracking their expectations of a decade ago for a timely retirement.
Goldman Sachs Pulls Account from 401(k) Offering
Citing months of poor performance, Goldman Sachs announced it has stopped offering an investment account that AQR Capital Management created for the bank's 401(k) lineup.
State Street Names New SSgA Leader
State Street Corporation has named Scott Powers president and chief executive officer of State Street Global Advisors (SSgA), the company’s investment management arm.
Citigroup Settles Gender Discrimination for $33M
Citigroup Inc. has agreed to pay $33 million to about 2,500 current and former female brokers for its Smith Barney unit to settle a gender discrimination lawsuit.
Newport Names Regional Marketing Director
The Newport Group has tapped Donna Haggin as Regional Director, reporting to Newport’s Chief Marketing Officer Tom Pittman.
Provider Participant Advice Efforts Go Unused
Although retirement plan providers supply investment education materials to 56% of participants surveyed by Spectrem Group, only 12% said they refer to these materials on a regular basis...
PLANSPONSOR Announces Winners of 2008 Retirement Plan Adviser and Adviser Team of the Year
John Barry of Torrance, California has been named the 2008 PLANSPONSOR Retirement Plan Adviser of the Year and FFoA in Pearl River, New York has been named the...
PIMCO Launches Target-Date Suite
Renowned bond manager PIMCO has launched a target-date solution that the firm says “…differ from many older and less diversified types of target date funds.â€
CAPTRUST Closes Another Deal
CAPTRUST Financial Advisors, an independent retirement advisory firm, has completed the acquisition of the retirement plan division of Birmingham, Alabama-based Capital Strategies Advisors Inc.
Most Americans Not on Track with Retirement Planning
Only one-third of respondents to a survey by Bank of America are on track with their retirement planning efforts, and nearly one-quarter (23%) report they have not started...
Economic Slump Leads Advisers to Asset Managers For Help
A recent study suggests current economic woes may lead financial advisers to rely more heavily on asset manager leadership.
Why DID the Chicken Cross the Road?
The “pat″ answer to that question has long been “to get to the other side.″
Smith Barney Unit Launches UMA Program
Consulting Group, the managed money unit of Smith Barney, has announced the launch of a new unified managed account program, Select UMA.
New Vanguard Fund Goes Global
Vanguard has filed a registration statement with the Securities and Exchange Commission for the firm’s first passively managed global index fund.
Graduation Dazed?
This spring, 3.33 million students will graduate from high school, the largest class in American history.
Debt Impeding Retirement Savings
A new survey found that 43% of non-retirees said debt affects their ability to save for a comfortable retirement “a great deal,″ while 32% of non-retirees said debt...