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Labor Dazed
While Labor Day has been celebrated as a national holiday for more than 100 years, it wasn’t easy.
Businesses Owned by Women Have Unique Characteristics
Most (67%) female business owners choose financial products and services based on their relationship and experience with a lender.
Marketocracy Offers Actively Managed Model Portfolio for RIAs
Marketocracy Data Services, LLC has announced it will offer an mFOLIO based on Randolph McDuff's RMG1 Value Oriented Growth model fund for registered investment advisors (RIAs).
Advisers Say Retirement Savings a Constant Concern for Clients
Sixty-one percent of financial advisers responding to Schwab Institutional's most recent Independent Advisor Outlook Study said having sufficient retirement savings to maintain their desired lifestyle is a constant...
Vanguard Proposes Benchmarking Approach for Target-Date Funds
Return-expectations and savings sufficiency can be more efficient benchmarks for target-date funds than are those used currently, according to a new paper from Vanguard Investment Counseling and Research.
Failure to Include Loan Repayments as Income Might be Bankrpuptcy Abuse
A U.S. Bankruptcy Court judge in Ohio has ruled that a 401(k) participant can't deduct $269 in monthly repayments for three plan loans from his monthly income to...
SEC Settles with Former Hedge Fund Managers for Improper Trading
The Securities and Exchange Commission (SEC) has approved two more settlements involving improper mutual fund trading with two former California hedge fund managers.
Metcalfe Resigns as WMSI CEO
Automated rollover provider Wealth Management Systems Inc. (WMSI) has appointed John Geli as Chief Executive Officer (CEO).
Vanguard to Take Control of Long/Short Fund
The Vanguard Group has announced a proposal with Charles Schwab Investment Management to reorganize the Laudus Rosenberg U.S. Large/Mid Capitalization Long/Short Equity Fund into a new Vanguard offering.
S&P Sets Index Sights on the 'Stars'
Standard&Poor’s has launched two indexes providing investors with exposure to the top stock picks of Standard&Poor’s Equity Research analysts in Europe and the United States.
Study: Advisers Helped with 67% of IRA Rollovers
Two-thirds (67%) of individuals who rolled a balance over to a personal IRA did so using a professional adviser, says a new report from Spectrem Group.
Generation Gaps
They have never rolled down a car window, never known a time when the Berlin Wall stood, and never seen anyone but Jay Leno host the Tonight Show.
Law Firms Want More Time to Comply With 409A
A group of 92 large law firms has asked the Internal Revenue Service (IRS) for a one-year extension to comply with new §409A regulations, saying the current timeline...
Marcks Named to Head Pru Retirement
Prudential Financial has tapped Christine C. Marcks as president of Prudential Retirement.
MG Advisory Demographic Report for Advisers Includes Plan Fund Data
MG Advisory Services, LLC, a subsidiary of Matrix Settlement&Clearance Services, LLC, has announced the release of its new Plan Demographic Report for advisers and third-party administrators (TPAs) that...
Dow Jones Announces Commodity Index-Based ETF
Dow Jones Indexes has announced the launch of The Dow Jones - AIG Commodity SwapEX, an exchange-traded fund (ETF) for which the Dow Jones - AIG Commodity Index...
Pacific Life Offers Guide to Retirement Products and Strategies
Pacific Life Insurance Company and Pacific Life&Annuity Company have introduced the "Road to Retirement" guide and the Retirement Income Needs fact finder to help financial professionals address the...
Few Workers Have Adviser-Driven Retirement Plan
Only 16% of respondents surveyed by Thrivent Financial Services for Lutherans said they had undertaken a formal retirement planning process with an adviser, though 34% said they had...