News

More than four-in-ten so-called “sandwich generation” parents (41%) continue to provide at least some financial support to their young adult children, according to the 2010 Families & Money...

Russell Investments has hired Ken O’Keeffe to support the firm’s index-licensing business for exchange-traded funds (ETFs).

Russell Investments has announced the appointment of Penny Zuckerwise as CEO Americas Institutional.

New York Life Investments has announced the launch of Stable Value Investments (SVI), a new unit that will create and distribute proprietary fixed-income money management solutions backed by...

Mercer has launched an online retirement planning education campaign for participants in 401(k) plans it administers.

Even with clarity from FINRA, broker/dealers have yet to christen social networking.

Half (52%) of affluent Americans believe that more could be done to assist individuals in their retirement saving efforts, according to a recent survey.

Issues related to retirement and rising health care costs continue to rank highest among financial concerns for affluent Americans, according to a recent survey.

Putnam Investments has announced two portfolio manager appointments.

Transamerica Retirement Services has hired Matthew Anderson as third-party administrator (TPA) development manager for the Central Region.

Transamerica Retirement Services has promoted Luke Szafranski to regional vice president in the company’s Central Region.

Morningstar, Inc., has launched a valuation services business that values privately-owned firms and securities for purposes such as the sale of a business, estate planning, or financial reporting.

Charles Schwab Corporation has agreed to pay $200 million to settle federal securities law claims in a civil class-action lawsuit related to the Schwab YieldPlus Fund.

Transamerica Retirement Services has hired Michael Hammerschmidt as regional vice president for the Northeast Region.

A report from Hewitt Associates suggests workers were able to recover a significant portion of the losses they sustained in 2008 simply by participating in their 401(k) plan;...

The Principal Financial Group said its new Participant Education Planning Tool gives financial professionals access to a library of education plans and materials and the flexibility to build...

Wirehouse firms still lead the market share in the wealth management industry, but independent and regional broker/dealers are catching up, a new report found.

Putnam Investments has launched a fund-of-sector-funds providing exposure to all sectors contained in the MSCI World Index.

A new whitepaper by TIAA-CREF highlights steps 403(b) plan sponsors can take to uphold their fiduciary obligations and help plan participants maximize their retirement savings.

The average expense ratios of stock and bond funds rose slightly in 2009, but the total fees and expenses paid by investors remain largely unchanged on an asset-weighted...