News

A class-action lawsuit has been filed against Spokane, Washington-based Sterling Savings Bank and its holding company, Sterling Financial Corporation, over company stock investments in the bank's 401(k) Plan.

Among the specialized units unveiled by the Securities and Exchange Commission (SEC) is a unit focusing on investigations involving investment advisers.

Charles Schwab Investment Management, Inc. (CSIM), has launched two new exchange-traded funds (ETFs) focused on emerging markets and international small-cap equities.

Sallie Krawcheck, head of the global wealth and investment management division at Bank of America (BofA), said reports of brokers leaving in droves are greatly exaggerated, Reuters reported.

Bank of America (BofA) said its latest Merrill Lynch survey of affluent Americans found that almost a third (29%) of non-retired respondents plan to retire later than originally...

Wells Fargo and its Evergreen Funds affiliate have been tidying up their fund lineups.

Institutional investment consultant Rogerscasey has struck a deal with Lowenhaupt Global Advisors (LGA) to offer Rogerscasey’s institutional investment expertise to families and individuals served by Lowenhaupt Global Advisors.

The attempted bombing of an Amsterdam-to-Detroit flight Christmas Day is not putting much of a crimp in business professionals’ travel plans, according to a new survey.

Researchers studying how best to get women and low-income workers to save for retirement were able to achieve a 56% enrollment hike among their target audience at Dartmouth...

WACO Community Schools of Wayland, Iowa, will continue offering the state’s 403(b) retirement plan to employees, after staff spoke out against its elimination.

Freedom One Financial Group has added vWise SmartPlan Enterprise to its education and communication service offering to plan participants.

The U.S. Department of Labor (DoL) announced the publication of a final rule to protect employee contributions deposited to small pension and welfare benefit plans with fewer than...

AXA Distributors, LLC, the annuity wholesale distribution unit of AXA Equitable Life Insurance Company, now offers an educational program about retirement income planning for financial professionals.

Dow Jones & Company rolled out a new service to provide financial advisers market, investment, and practice management news and analysis.

The Securities and Exchange Commission (SEC) didn’t waste a breath in filing additional charges against Bank of America (BofA).

GE Asset Management (GEAM) has named Chris Adey to the newly created role of global consultant relations leader.

BlackRock, Inc. said that global exchange-traded-fund (ETF) assets hit an all time high of $1 trillion at the end of 2009.

Archimedes Systems has announced the appointment of Stephen Daniels as director of Retirement Planning Solutions.

The U.S. Department of Labor (DoL) has filed suit against the owners of a bankrupt Chicago-area company for diverting their employees’ health care premium payments and 401(k) contributions...

DoubleLine Capital LP, the money management firm started last month by star bond fund manager Jeffrey Gundlach, is gearing up to offer some new funds.