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Hartford Names New Fund Family Chief
The Hartford Financial Services Group has named Keith Sloane to the newly created position of senior vice president to lead the company’s mutual fund and 529 businesses.
PowerShares Powers Up Three More ETFs
PowerShares Capital Management LLC has announced three new additions to its family of fixed-income ETFs.
SEI Offers Distribution Service for Advisers
SEI has launched Distribution-Focused Strategies (DFS), which enables advisers to provide clients with consistent distribution levels for retirement.
Osteopathic Group Works Out Lincoln Adviser Service Pact
Lincoln Financial Advisors has hammered out an agreement with the American Osteopathic Association (AOA) to give AOA members access to Lincoln advisers’ services.
Law Firm Launches Investigation into Merrill Lynch ESOP
The recent turbulence at Merrill Lynch, including the negative outcomes on the financial giant’s stock price, has already drawn the scrutiny of ERISA litigators.
Class Action Filed Against State Street
Another pension fund has filed suit against State Street for “investing purportedly conservative, risk-averse bond funds in high risk mortgage backed securities and exotic financial instruments.″
IMHO: Theories of Relativity
I was having coffee with a buddy of mine a couple of weeks back, and before long the discussion turned to music; specifically the new Bruce Springsteen CD.
IMHO: Theories of Relativity
I was having coffee with a buddy of mine a couple of weeks back, and before long the discussion turned to music; specifically the new Bruce Springsteen CD.
State Street Faces Two More Lawsuits Over Bond Fund Losses
Two more lawsuits have been filed against State Street Corp. over its now controversial stewardship of fixed income funds marketed as following conservative trading strategies, but which faced...
WealthTrust to Acquire Wealth Management Firms
WealthTrust LLC announced it has signed definitive agreements to acquire Fairport Asset Management, a Cleveland, Ohio-based wealth management firm, and Axiom Asset Management, a Radnor, Pennsylvania-based wealth management...
Retirement Plan Participation Falls
Although participation in an employment-based retirement plan increases with age, overall, the percentage of workers participating in an employment-based retirement plan decreased to 39.7% in 2006 from 40.9%...
SEC Looks into Merrill’s Florida Pension Consultancy Practice
Merrill Lynch is under scrutiny from the Securities and Exchange Commission (SEC) for allegations that its Florida consulting operation charged hidden fees and engaged in conflicts of interest,...
PNC Announces Acquisition of Albridge Solutions
The PNC Financial Services Group, Inc. has signed a definitive agreement to acquire Lawrenceville, New Jersey-based Albridge Solutions Inc., a provider of portfolio accounting and enterprise wealth management...
Ways and Means Hears Testimony on Appropriateness of Plan Fees
The House Committee on Ways and Means held a hearing October 30 to determine whether workers’ retirement savings are being eroded by excessive and unnecessary administrative and investment...
House Ways and Means Taps Public on Plan Fee Information Use
The U.S. House Ways and Means Committee has put a five-question survey on its Web site to garner public opinion about how participants use the fee information provided...
Partners Have Similar Savings Goals For Retirement
Men and women both think they and their partners are on the same page about saving for retirement, a new study conducted by Harris Interactive for The Wall...
Perspective: Let AUM Guide You at Your Peril
The seventh ineffective habit of retirement plan advisers
22c-2 Deadline Comes – and Goes – Without Fanfare
With an extended time to prepare, the final kick-in date for the anti-market timing rule 22c-2 came and went earlier this month with little industry fanfare.
Online 401(k) Announces New Partner in Road to Retirement Network
The Online 401(k), a provider of full-service Web-based 401(k) plans for small and single-person businesses, has announced its partnership with KG Advisors.
Merrill Sues over Racially Charged E-mails to Employees
Merrill Lynch&Co Inc. has sued an unnamed defendant it alleges impersonated a bank manager and then sent racially denigrating e-mails to civil rights leader Al Sharpton and several...