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New 529 Data Reports Aid in College Savings Planning
Money Management Executive (MME) has announced the release of comprehensive, unique 529 reports to help mutual fund companies, financial advisers, and their clients more accurately plan college savings.
SSgA Announces Fixed Income ETFs
State Street Global Advisors (SSgA) has announced five new fixed income SPDRs exchange-traded funds (ETFs) that will begin trading on the American Stock Exchange on Wednesday.
Pershing Eases Managed Account Availability for Introducing Broker-Dealers
Pershing LLC has launched Managed Account Network, an open architecture platform making available a wide range of managed account solutions for introducing broker-dealer firms to offer their clients.
North America Expected to Continue to Lead REIT Market
Investments in the global real estate market are gaining traction as a way for investors to diversify their portfolios, a recent study commissioned by the National Association of...
BenefitStreet Offers Barclays’ iShares on New 401(k) Platform
BenefitStreet Inc. will offer Barclays Global Investors’ iShares exchange-traded funds (ETFs) via a new 401(k) platform.
ING Offers Online Rollover Wizard
ING has announced a change in its Rollover Wizard tool to help employees roll over money from their ING employer-sponsored retirement plan into an ING Express Individual Retirement...
Small Business Owner Retirement Security Declines
About two-thirds (68%) of small business owners say they are now more concerned about their retirement security than they were last fall.
Future Earnings Maybe Not Better Than Past
Individuals in the U.S. today may not be better off in terms of income as their father's generation, a recent study suggests.
Advisers Not as Valued as Family, Friends for Financial Advice
Workers are twice as likely to look to personal research or the advice of family and friends as they are to rely on the services of a financial...
MassMutual Retirement Services Institutional Sales Team Adds Two
MassMutual Retirement Services has two new Managing Directors of Institutional Sales, effective May 1.
Rick Capozzi Jumps from Merrill to Morgan
Morgan Stanley Global Wealth Management Group (GWMG) announced that, this July, Rick Capozzi will join the firm as a Managing Director and National Sales Manager.
Fiserv ISS Sold to TD AMERITRADE
Fiserv, Inc. has announced the signing of definitive agreements to sell its Fiserv Investment Support Services (Fiserv ISS) operations in two separate transactions.
RiverSource Unveils Two Adviser-Distributed Funds
RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, has launched two new single-strategy mutual funds.
RiverSource Introduces Guaranteed Lifetime Income Benefit
RiverSource has launched SecureSource, an optional living benefit rider, which offers guaranteed lifetime income for individuals purchasing a RiverSource annuity.
Prudential Redesigns Retirement Planning Web site
Prudential Financial has redesigned its Web site for retirement plan participants in an effort to make online retirement planning easier.
JPM Asset Management Names New CEO for Institutional Business
JPMorgan Asset Management has tapped John H. Hunt as Chief Executive Officer of JPMorgan Asset Management’s Institutional business in the Americas.
Hylant Financial Services Joins NRP
Toledo, Ohio-based Hylant Financial Services is the latest company to become a member firm of National Retirement Partners (NRP).
DB Market To Experience Major Upheaval
The U.S. defined benefit pension market is going to be hit with a massive shakeup that will see three-quarters of private-sector DB assets frozen or terminated in the...
BISYS Settles SEC's Improper Accounting Allegations for $25M
BISYS Group, Inc. has agreed to a $25 million settlement with the Securities and Exchange Commission (SEC) over charges that the financial services provider used improper accounting practices...
S&P Expands Shariah-Compliant Indexes
Standard&Poor's has launched indexes that include the most liquid stocks in Brazil, Russia, India, and China that comply with Shariah law.