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Mind Over Matters
They say you get what you pay for – but maybe it just feels like you do.
Merrill Accused of Wrongdoing in MA Town’s Investments
Accusations of mismanagement have been leveled against Merrill Lynch by government clients in a second state, the Wall Street Journal reported.
WisdomTree ETF to Provide India Equity Exposure
WisdomTree Investments, Inc. has announced that the WisdomTree Trust intends to launch an earnings-weighted India exchange-traded fund (ETF) under the ticker symbol EPI in the latter part of...
Custom Performance Demands Could Mean Lost Revenues
Demand from institutional investors for precise and often-custom made indexes to allow them to meet socially responsible investment (SRI) constraints could represent a significant revenue loss problem for...
Private Equity Becoming a Beta Asset Class
A new study of the private equity market finds that securitization - bundled funds of publicly traded private equity firms - is changing the private equity asset class.
Financial Planners Cite Retirement Concern among Clients
Almost all (91%) financial planner CPAs surveyed by the American Institute of Certified Public Accountants (AICPA) cited retirement as a top personal finance concern of clients.
Legg Mason Enters 130/30 Funds Marketplace
Legg Mason, Inc. has launched the Legg Mason Partners 130/30 U.S. Large Cap Equity Fund.
Seligman Renames Time Horizon/Harvester Series Funds
J.&W. Seligman&Co. Incorporated has announced that Seligman Time Horizon/Harvester Series has been renamed and the names of the funds in the series have also been changed.
MassMutual Adds to Retirement Income Product Portfolio
Massachusetts Mutual Life Insurance Company has announced enhancements to certain deferred variable annuities in its portfolio of retirement income products.
TIAA-CREF Unveils Retirement Income Fund
TIAA-CREF has introduced the Lifecycle Retirement Income Fund, intended for investors who are nearing retirement, are looking to roll over assets to an IRA from a retirement plan,...
Fiduciary Breach Suit over ‘Transfer Adjustment’ Fee Allowed to Proceed
A federal judge in Indiana is allowing a Merrillville, Indiana law firm to continue with its lawsuit against its 401(k) investment managers and recordkeeper over the amount of...
S&P Launches Arbitrage Indexes
Standard&Poor’s has launched a family of indices designed to model common arbitrage strategies in the financial markets.
UBS, Genworth Unveil 401(k) Plan Guaranteed Life Income Option
UBS Global Asset Management is teaming with Genworth Financial to introduce a guaranteed income for life option.
IMHO: Beta Test
After months of research, informal talks with vendors, and not a few inquiries to a few “trusted advisers,″ just before Christmas, we finally made our decision.
IMHO: Beta Test
After months of research, informal talks with vendors, and not a few inquiries to a few “trusted advisers,″ just before Christmas, we finally made our decision.
International iShares Move to Semi-Annual Income Distribution
More than 50 international iShares funds, all of which previously distributed income annually, will begin distributing income twice per year.
New CPI Division Assists 403(b)s with Vendor Management
CPI Qualified Plan Consultants, Inc., has created a new division to offer common remitter and compliance services to 403(b) retirement plan sponsors.
Judge Tosses Fee/Commission Conspiracy Case against Workplace Insurers
After declaring that none of the six major insurance providers accused in a commission conspiracy were fiduciaries under the Employee Retirement Income Security Act (ERISA) a federal judge...
Two More Hours of Weekly Sales Activity Leads to Millions
Shifting two hours per week from administrative duties to selling can result in millions of dollars in incremental sales for companies.
Women over 50 Can Lag in Annuity, Pensions
As a result of a difference in their length of time in the workforce, women who were older than 50 in 2006 were much less likely to have...