How Many Brokers Really Went Independent in 2009?
Top custodians said they attracted more advisers to independence in 2009.
News
Advisers Say How Fiduciary Standard Could Change Business
If implemented, financial advisers said a fiduciary standard would put an increased focus on financial planning and fee-based advisory services, according to an industry report.
TD Bank to Shut Down Advisory Unit
TD Bank Financial Group is phasing out its financial advisory business, but keeping its high-net-worth division, according to reports.
IRS to Mail 401(k) Compliance Questionnaires
New York accounting firm Eisner LLP has issued a warning that the Internal Revenue Service (IRS) will begin sending questionnaires to 401(k) sponsors to gather information about their...
Stadion Hires Regional Sales Rep for West Coast
Stadion Money Management, Inc., announced that Larry Uyeno has joined the firm as regional sales representative for the west coast.
TIAA-CREF Offers Form 5500 Service for 403(b) Plans
TIAA-CREF has introduced its new Signature-Ready Form 5500 Preparation Service, in collaboration with Deloitte.
Mattson Tapped for Aon Northeast U.S. Region Post
Tammy Mattson has joined Aon Consulting as executive vice president and director of the Northeast Region, the company announced.
Advisers Most Trusted Source for Investing Information
Brokers/advisers are the most trusted sources to provide accurate information about investments, investing, or the markets, according to the 2010 Edelman Financial Services U.S. Trust Barometer.
A(nother) Sure Thing?
Generally speaking, there’s no such thing as a sure thing – certainly when it comes to investing, and certainly not two years running.
Towers Watson Finds DB Plans Outperformed DC Plans
Rates of return for defined benefit (DB) pension plans outpaced those for defined contribution (DC) plans, including 401(k) plans, in 2007 and 2008, according to a new analysis...
Banks Capturing More IRA Rollovers from HNW Clients
A research report indicates that banks are capturing an increased share of retirement plan rollover assets from affluent investors.
Asset Management Firm Use of Social Media Still Limited
A new survey of asset management firms finds that 52% don’t use social media, despite a recognition by 84% that social media will have a lasting impact on...
Hartford Expands 403(b) Offering to TPA-serviced Plans
The Hartford Financial Services Group, Inc. is expanding its product offerings to include 403(b) retirement programs for nonprofit organizations serviced by third-party administrators (TPAs).
Klepacki to Run Delaware Investments' Third-Party B/D Distribution
Delaware Investments, a member of Macquarie Group, has hired Jeff Klepacki to run its third-party broker/dealer (B/D) distribution activities.
McDermott to Head Goldman Sachs Institutional DC Unit
Goldman Sachs Asset Management (GSAM) announced that Bill McDermott has joined GSAM as Head of the Institutional Defined Contribution business.
J.P. Morgan Asset Management Realigns DCIO Teams
J.P. Morgan Asset Management has combined all of its defined contribution investment-only (DCIO) specialist resources into a single unit, DC Investment Solutions.
Higher Ed Employees not Acting on Retirement Concerns
A recent survey conducted by ING’s U.S. Retirement Services indicates those employed in the higher education community are growing more nervous about their ability to retire comfortably, yet...
MassMutual Adds to Sales Team in South/Central Division
Dan Caple has joined MassMutual's Retirement Services sales team in the South/Central Division.
Transamerica Offers New Withdrawal Schedule for Retirement Income Products
Transamerica Life Insurance Company has introduced an enhanced withdrawal schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 riders.
Goldman Sachs Launches Dynamic Allocation Fund
Goldman Sachs Asset Management, L.P. (GSAM) announced the launch of the Goldman Sachs Dynamic Allocation Fund (GDAFX).