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Ex-UBS and Merrill Advisers Investigated by NYSE for Market Timing
The New York Stock Exchange appears to be investigating three advisers, known as the CBS Group, who were involved in market timing five years ago, fining their supervisors...
FL Pension Plan Accuses ING of Revenue Sharing Fraud
A Florida pension plan has sued ING Group in federal court claiming that the financial services firm charged the plan higher fees to cover revenue-sharing payments.
International Equity Managers Post 2 Years of Above Index Returns
The majority of active international equity investment managers posted their second consecutive calendar year of above index returns despite the MSCI EAFE benchmark index soaring 26.3%, according to...
Schwab Gives Start-up Advisory Firms More Help
Schwab Institutional is expanding its offering to help financial advisers leaving traditional financial companies to go it alone.
Barclays Expands iShares Fixed-Income ETF Offering
Barclays Global Investors (BGI) announced Thursday that eight new iShares fixed income exchange-traded funds (ETFs) began trading on the New York Stock Exchange.
Newkirk Adds Gap Analysis to Retirement Communication Suite
Newkirk has added a feature to its SmartSingles retirement plan communication suite that calculates how much plan participants will need to defer to have sufficient income upon retirement.
BlackRock’s Doll Delivers His 10 Predictions for 2007
Although ‘’our overall view is fairly constructive,’’ said Robert Doll, Vice Chairman and Chief Investment Officer of Global Equities at BlackRock, Inc., ‘’we think a soft landing is...
Eaton Vance Managers 'Bullish' About 2007
“Every investor should dial up their equity exposure [in 2007],″ said Duncan Richardson, Executive Vice President and Chief Equity Investment Officer of Eaton Vance Management, at a press...
Regulators Issue Guidance on Plan Distributions Under PPA
Regulators on Wednesday released guidance on how to properly implement new Pension Protection Act (PPA) rules governing a variety of qualified plan distributions.
SEC Settles ‘Shelf-Space’ Allegations with Former Putnam Chief
The former chief of Putnam Investments, Lawrence Lasser, has agreed to a $75,000 settlement with the Securities and Exchange Commission (SEC), putting an end to allegations that the...
GuideStone Adds SRI Target Date Funds
GuideStone Financial Resources has added five Christian-based, socially-screened target funds to its mutual fund offerings.
Rydex Expands Offering of Twice-a-Day Fund Pricing
Rydex Investments has announced it will expand the availability of twice-a-day pricing for a selection of Rydex mutual funds, to help brokers and their clients manage intra-day risk...
Mellon Offers Derivative Valuation Service to Institutional Clients
Mellon Financial Corporation has introduced its independent, over-the-counter (OTC) derivative valuation service for institutional clients.
CIGNA Offers HSAs to Small Businesses
CIGNA HealthCare announced it is offering the availability of health savings accounts (HSAs) through JPMorgan Chase to employers with fewer than 50 employees.
Opportunity Exists to Grow IRAs Through Plan Rollovers
The engine of growth for traditional IRAs is being powered by qualified plan rollovers and not new contributions, according to a new data analysis from the Washington, DC-based...
AllianceBernstein Promotes New Head of DC Business Development
AllianceBernstein Institutional Investments announced Tuesday that Sharon French has been named as managing director of defined contribution business development and client relations.
Admired Companies Love NQ Plans
Nearly all (92%) of the 276 US companies described as “most admired″ offer a non-qualified plan in their executive benefit package, according to a study by the Todd...
Emerging Markets Best Performer in 2006
The world’s emerging and developed markets continued to stay in positive territory in December, making a full year of positive results as oil prices remained low, Standard&Poor’s said.
BISYS Selects Mrak for SMA Post
BISYS Fund Services has tapped Joseph Mrak as senior vice president and general manager for its managed account outsourcing business, WealthSolutions.
Morningstar Unveils Fixed-Income Indexes
Morningstar, Inc. plans to come out with a family of fixed income indexes, which can be licensed to institutions for the creation of investment vehicles including such things...