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Federal Laws Don’t Offer Clarity on Retirement Age
Workers who are confused about when to retire cannot look for clarity from Social Security, Medicare, and pension laws, because those three groups offer conflicting incentives to retire...
BISYS Acquires Frontier Trust Company
BISYS Retirement Services has acquired Fargo, North Dakota-based Frontier Trust Company from AXA Financial, Inc.
Who Has the Best Wholesalers?
Financial advisers are most satisfied with wholesalers from GE Asset Management, BlackRock, and Russell Investment Group.
WisdomTree to Launch Emerging Markets Dividend-Weighted ETF
WisdomTree Investments, Inc. has announced that the WisdomTree Trust will launch a new dividend-weighted exchange-traded fund (ETF) on the New York Stock Exchange on July 13.
Emerging Markets Perform Well in Q207
Second quarter returns of the world’s emerging markets outpaced that of the developed markets, according to Standard&Poor’s global stock market review, The World By Numbers.
'Human Capital' Asset Allocation Concept Gets Patent
Ibbotson Associates has received a patent on its portfolio creation technique for individual investors based on the concept of human capital - an investor’s future potential savings.
New COO/CFO for MassMutual Retirement Income
MassMutual Retirement Income (MMRI) has tapped Douglas. G. Russell, 47, as senior vice president, chief operating officer (COO) and chief financial officer (CFO).
GIAC Offers Managed Account QDIA
The Guardian Insurance&Annuity Company, Inc. (GIAC) has announced it is now offering plan sponsors a managed account as a qualified default investment alternative (QDIA).
FundQuest Introduces Tool for Retirement Income Advisory Services
FundQuest has rolled out a platform that enables financial advisers to deliver advanced planning, implementation, and monitoring services to help investors achieve sustainable income during retirement.
SEC Proposes INVESCO Market Timing Distribution
The Securities and Exchange Commission (SEC) has filed a proposed plan to distribute money in a Fair Fund as part of the agency’s market timing case against INVESCO...
Prudential Launches New In-Plan Lifetime Income Option
Through an arrangement with Morningstar Associates, LLC, Prudential Retirement has created an in-plan asset allocation option that provides a guaranteed withdrawal benefit.
SEC Reveals $37M Columbia Market Timing Distribution
The Securities and Exchange Commission (SEC) on Wednesday announced a $37 million payout to more than 300,000 investors who were harmed by Columbia Funds’ fraudulent mutual fund market...
Perspective: Cast a Broad Net, Catch a lot of Suckerfish
The third of seven ineffective habits of retirement plan advisers
DB Closures Generally Paired with DC Improvements
Although a majority of defined benefit plan sponsors have either closed the plan to new hires or frozen it for all participants in the last two years, most...
Securities America Fined for Improper Commission Sharing
NASD announced on Wednesday it has fined Securities America, Inc. of Omaha, Nebraska, $375,000 for improperly sharing directed brokerage commissions from a mutual fund company with Michael Bullock,...
Wealthy Investors Include Investments of Passion in Portfolios
As high net worth individuals (HNWIs) develop an increasingly more global outlook with diversified interests, ‘investments of passion’ have become an important portfolio allocation.
Claymore Announces New International ETFs
Claymore Securities, Inc. has announced the launch of two new exchange-traded funds (ETFs), the Claymore/Zacks Country Rotation ETF (CRO) and the Claymore/Zacks International Yield Hog Index ETF (HGI).
International ETFs Experience Strong Growth in June
Despite an overall drop in assets of U.S. exchange-traded fund (ETF) assets, international funds experienced strong growth during the month of June.
Yanks a Lot
For years, football’s Dallas Cowboys called themselves “America’s Team″, but baseball has long regarded itself as the nation’s national pastime.
Auto IRAs Could Help 48 Million Americans Save
With bills pending in both the U.S. Senate and House encouraging employers to sponsor auto-enrolled IRAs, an AARP-sponsored study says such a vehicle would help as many as...