News

While the first quarter of 2009 saw an equity market rally, most asset classes had negative returns during the period, according to the latest data from Morningstar’s Separate...

Globally, investment manager search activity is slowing down as investors focus their attention on strategic issues, according to Mercer’s 2008 Global Manager Search Trends report.

USI Consulting Group tapped Kyle Stevens as a vice president of Retirement Services, based in Chicago.

PenChecks, Inc., said it has records of about $150 million in unclaimed retirement benefits.

The trend toward fee-based distribution of long-term mutual funds sold through brokers and financial advisers accelerated during the financial crisis.

Cincinnati Bell, Inc., announced it will suspend company contributions to its 401(k) plan for salaried and non-represented employees for the remainder of the year.

Franklin Templeton Investments announced the introduction of the Mutual International Fund.

United Capital Financial Advisers, Inc. (UCFA), launched services for its national network of advisers and regional offices.

Charles Schwab Investment Management today announced it has moved all equity and bond funds to a single share class priced at the lowest level.

Speaking at the Mutual Fund Directors Forum Annual Policy Conference in Washington, Securities and Exchange Commission (SEC) Chairman Mary Schapiro said she is “committed to a meaningful and...

How involved are advisers in retirement income planning and what products do they prefer?

An employee group finalized a deal to acquire a majority ownership stake in Neuberger Berman Group LLC, with the now-defunct Lehman Brothers continuing to hold the rest of...

Securities suits filed in the first quarter of 2009 were up significantly from the year before, with Bernard Madoff-related suits counting for a large chunk of them.

Diversified Investment Advisors unveiled a plan review document to help plan sponsors keep track of their plans' effectiveness.

MetLife Advisers (MLA) is partnering with Wilshire Funds Management for the MetLife Asset Allocation Program portfolios of Met Investors Series Trust, available primarily through MetLife Investors deferred variable...

Portland, Oregon-based Arnerich Massena&Associates, Inc., brought on Jacob O’Shaughnessy to its institutional client group.

Wells Fargo&Co. said Monday that it has rebranded its newly acquired brokerage, Wachovia Securities, as Wells Fargo Advisors.

As nursing home costs are rising, where in America are the cheapest long-term care options?

Several years ago, I bought my Dad—one of the world’s most proficient worriers—a copy of the “Worst Case Scenario Survival Handbook.″

Invesco PowerShares Capital Management announced today plans to close 19 exchange-traded funds (ETFs).