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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.
Another ERISA Litigator Circles Morgan Stanley
The latest ERISA litigation firm to probe the company stock investment in the Morgan Stanley 401(k) Plan and the Morgan Stanley Employee Stock Ownership Plan is Milberg Weiss...
IRS Extends Relief for Employer Stock Account Diversification
The Internal Revenue Service (IRS) has extended transitional relief for defined contribution plans subject to the employer stock diversification rights rules put in place by the Pension Protection...
2007 DC Survey – Picking from the Tree of Providers
Advisers say that each provider has varying strengths, so “which one’s best?″ can be a thorny question
Kaplan Financial Introduces Ethics Training For Advisers Targeting Boomers and Seniors
Kaplan Financial, a provider of education and compliance solutions, has developed a new course offering for brokerage and investment firms to certify the credibility of their sales people...
You Better Watch Out – And You Had Better Not Blink
Santa Claus is coming to town – for about 34 microseconds.