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Mutual Fund Assets Show Record Growth in ‘07
2007 proved to be a landmark year with many milestones reached in the worldwide use of mutual funds, according to observations from Strategic Insights.
EBSA Announces $1.5B in Monetary Enforcement Results
Bradford P. Campbell, assistant secretary of labor for the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), on Monday announced that the agency achieved monetary results of...
New Fund Seeks Stocks Poised to Double in a Year
SBAuer Funds has launched the Auer Growth Fund (AUERX), which looks for stocks poised to double in value within a year.
Too Good To Be True?
However you feel about taxes and the Internal Revenue Service, odds are you’ve at least been tempted to find ways to pay less than the IRS seems to...
IRS Applies PPA Changes to Cash Balance Regs
The Internal Revenue Service has updated its regulations on the tax treatment of cash balance plans to include changes made by the Pension Protection Act (PPA).
JPMorgan Funds Hires Chief Market Strategist
JPMorgan Funds, the U.S. mutual fund business of JPMorgan Asset Management, has announced that David Kelly will become its Chief Market Strategist.
Funds See $502M Inflow in November
Stock and bond mutual funds enjoyed a $502 million November asset inflow, according to data from the Financial Research Corporation (FRC).
Wall Street Shores Up Finances With Overseas Capital
With concerns about a deepening global credit crisis unabated, major U.S. financial institutions are increasingly turning to sovereign wealth funds for capital infusions.
Subprime-related Litigations Spur Spike in Shareholder Suits
U.S. lawyers are on track to bring about 58% more shareholder class action cases this year, Reuters reports.
Rockford Firm Introduces Lifestyle Offerings
The Trust and Investment Group at Alpine Bank in Rockford, Illinois, has complimented the target retirement fund offerings in their 401(k) platform with their own managed Lifestyle Premier...
New Site Rounds Up Financial Ed Information
The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has partnered with the Treasury and the Financial Literacy and Education Commission to provide resources for financial literacy...
MMC Shuffles out CEO
Marsh&McLennan Cos Inc (MMC) has announced it will replace embattled CEO Michael Cherkasky and is evaluating strategies to boost shareholder value.
Vanguard Launches Three Mega Cap Index Funds
Vanguard has launched three new index funds that seek to track the MSCI US Large Cap 300 Index, MSCI US Large Cap Growth Index, and MSCI US Large...
BGI Launches Japanese Small Cap ETF
Barclays Global Investors (BGI) has announced the launch of the iShares MSCI Japan Small Cap Index Fund on NYSE Arca.
Principal Offers 403(b) Education Program
To help financial professionals and their clients face the effects of new 403(b) plan regulations, The Principal has created a comprehensive education program.
Janus Closes 3 Funds to New Money
Janus Capital Group Inc has stopped accepting cash from new customers in three funds that invest in non-U.S. stocks.
ExpertPlan Teams with RIA Firm on 401(k) Offering
ExpertPlan, a provider of private-label recordkeeping solutions to the retirement plan industry, has announced a new strategic partnership with the registered investment adviser (RIA) firm Brock Asset Management.
Hartford Extends DB Technology With Acquisition
Defined benefit plan sponsors could soon benefit from a recent acquisition by the Hartford.
Hartford Scores a Hat Trick
The Hartford has managed a hat trick, announcing its third acquisition this month.