As many investors are still underweight equities, the logical thing to do is rebalance back toward equities, said David Kelly, managing director, chief market strategist for J.P. Morgan Funds.
Tag: Investment Managers
The American Funds Target Date Retirement series is making plans to add a new fund to the series.
Invesco Ltd. has entered into a definitive agreement to acquire Morgan Stanley’s retail asset management business, including Van Kampen Investments.
First Mercantile Trust Company, a member of the MassMutual Financial Group, has found a new CIO.
Envestnet has brought aboard James Patrick, former co-head of U.S. Distribution for Allianz Global Investors, to head Envestnet’s managed account program.
Putnam Investments has announced two senior appointments within its Global Distribution team.
Invesco has emerged in the lead to acquire the mutual fund business from Morgan Stanley’s Van Kampen, according to The Wall Street Journal.
Barclays Global Investors (BGI) will now offer its ETF Managed Solutions Guide on the Web, in addition to the hard copy.
The Hartford has released a new package of educational materials designed to help advisers teach clients about the finer points of fixed-income diversification.
T. Rowe Price now boasts an enhanced Web site for financial intermediaries.
In a move the firm said will “better position investors to realize their retirement savings goals,” the JPMorgan SmartRetirement Fund expense caps have been lowered.
Rampart Investment Management, an asset management firm specializing in option strategies, has appointed Richard R. Davis as senior vice president of sales and consultant relations.
Prudential Annuities, the domestic annuity business of Prudential Financial, Inc., announced Tim Seifert joined the company as a vice president and director of National Sales.
Lincoln Financial Distributors, the intermediary distribution company of Lincoln Financial Group, has announced John C. Kennedy has joined the firm as head of Retirement Solutions Distribution.
Financial risk should be redefined to be viewed as the potential to lose money, rather than the average return, said Tim Knepp, CIO of Genworth Financial Asset Management, at a Genworth-hosted media event in New York City yesterday.
Northern Trust announced that Anthony Wilkins has been named global head of Defined Contribution Sales and Service for its asset management arm, Northern Trust Global Investments (NTGI).
Westrock Group, Inc., announced that Dana Reed has joined the firm as head of marketing.
American International Group, Inc. (AIG) has announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners, L.P.
The PNC Financial Services Group, Inc., has announced its intention to merge Allegiant Asset Management Company with its affiliate, PNC Capital Advisors, Inc., on or about September 29, to form PNC Capital Advisors, LLC.
Janus Capital Group Inc. has announced that Dominic Martellaro, executive vice president and managing director of Janus Global Advisors, will step down from his position effective October 31.