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Mercer Drops HR from Name to Reflect Range of Business
Mercer is the new brand identification for Mercer Human Resource Consulting, effective immediately.
Hewitt Creates Defined Contribution Consulting Group
Hewitt Associates has established a U.S. Defined Contribution (DC) Consulting practice.
El-Erian Leaves Harvard and Returns to PIMCO
Newport Beach, California–based PIMCO announced Tuesday that the former head of Harvard University’s endowment is returning to help run the Golden State money manager.
Wachovia Securities Offers Practice Valuations to Adviser Firms
Wachovia Securities Financial Network (WSFN) has announced it will provide comprehensive practice valuations (a 60+ page analysis of the firms) to the top 20% of its affiliated independent...
Los Alamos is Tops in Residents' Personal Savings and Investing Behavior
Los Alamos, New Mexico, earned the top spot for the second year in a row on A.G. Edwards’ third annual Nest Egg Index, which ranks America's 500 top-performing...
Smith Barney Names New Head of Investment Advisory Services
James J. Tracy has been named Director of Investment Advisory Services for Smith Barney.
SEI and Aon Offer Errors and Omissions Insurance to Advisers
SEI has formed a strategic alliance with Aon's Affinity Insurance Services, Inc. (Affinity) to offer Errors&Omissions (E&O) Insurance to participants in its advisory market.
DoL Releases Guidance About Annuity Provider Selection
The U.S. Department of Labor (DoL) on Tuesday issued two rules under the Pension Protection Act of 2006 (PPA) relating to choosing an annuity provider for distributions from...
SEC Approves FINRA Rule for Deferred Variable Annuity Sales
The Securities and Exchange Commission (SEC) has approved a new Financial Industry Regulatory Authority (FINRA) rule governing broker-dealer sales practices with respect to purchases and exchanges of deferred...
FINRA to Check Securities Firms’ Sales Practices with Seniors
The Financial Industry Regulatory Authority (FINRA) announced the initiation of two regulatory sweeps intended to ensure that securities firms are using appropriate sales practices in their dealings with...
Lincoln Added to Morgan's Approved DC Plan Provider List
Lincoln Employer Markets, a division of Lincoln Financial Group, announced that Morgan Stanley will now offer the Lincoln American Legacy Retirement product.
S&P Launches Fixed Income Index
Standard&Poor’s has launched the S&P National Municipal Bond Index.
Delaware Investments to Introduce Four New Collective Trust Funds
Through a partnership with AST Capital Trust, Delaware Investments is launching four collective trust funds.
Municipal Bond ETF Offering Announced by State Street
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, will launch a municipal bond exchange-traded fund (ETF).
IRS Extends Deadline for 409A Compliance
The Treasury Department and the Internal Revenue Service (IRS) on Monday gave plan sponsors until December 31, 2008 to bring documents into compliance with the final nonqualified deferred...
Barclays Launches Municipal Bond ETF
Barclays Global Investors on Monday launched the first municipal bond exchange-traded fund (ETF) that trades on the American Stock Exchange.
Schwab Institutional Adds Rebalancing Solution to Platform
Advisor Software, Inc., a provider of wealth management solutions for the advice market, has announced Schwab Institutional will offer ASI Portfolio Rebalancing Solution to all advisers using the...
Fidelity, Sungard Introduce New Trading and Custody Platform Services
Fidelity Investments and SunGard have announced the addition of new services to their integrated trading and custody platform for trust institutions and third party administrators (TPAs).
Russell Paper Outlines Retirement Income Approach
A new paper from Russell takes issue with the traditional two strategies recommended by financial advisers to hedge against longevity risk: buying guaranteed annuities and/or reducing spending should...