News

Registered independent advisers (RIAs) plan to increase their ETF usage, according to a new Strategic Insight report.

New York State Attorney General Andrew Cuomo subpoenaed Kenneth Lewis, chairman and CEO of Bank of America (BoA), Thursday, according to published reports.

Almost one-fifth of advisers are considering a move to independence, according to Cerulli Associates.

The American Society of Pension Professionals&Actuaries (ASPPA) has begun offering education, including a new credential and certificate program, for professionals who specialize in the tax-exempt and governmental retirement...

Putnam Investments said it named David Glancy as managing director and portfolio manager.

RiverSource Investments announced the launch of the RiverSource Recovery and Infrastructure Fund.

Military officers are more likely than civilians to seek out independent financial advice, according to a survey funded by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation.

Barclays Global Investors (BGI) has tapped John Longley as head of national accounts for the U.S. iShares exchange-traded funds (ETFs) business.

The Evansville Courier Co., has suspended its 401(k) match and frozen its pension plan.

Vitesse Semiconductor Corporation, a provider of advanced IC solutions for Carrier and Enterprise networks, said it has suspended its 401(k) employer match contributions in an effort to reduce...

Asset management fees remained stable in 2008 but are likely to be under pressure in 2009, according to a report by Mercer.

More than half of advisers said the current market has caused clients to delay retirement plans, according to a report from Cerulli.

Morningstar, Inc. has launched a family of asset allocation indexes, designed to benchmark target-date and target-risk investment products.

ADP Employer Services and GuidedChoice, a provider of investment advice and managed account services, have announced a partnership to provide personalized advice to ADP retirement plan recordkeeping clients...

Retirement plan participants have a low awareness of retirement income strategies, a report from Spectrem suggests.

Blackberry maker, Research in Motion (RIM), and four of its senior executives have agreed to settle stock option backdating charges brought by the U.S. Securities and Exchange Commission...

A Jackson, Michigan-based electronics maker has become the latest to suspend its 401(k) match.

U.S. Retirement Partners, a 403(b) benefits administrator, announced that it has acquired a Florida group to be part of its national network of providers serving the K-12 teacher...

More than half of affluent 60-year-olds are changing their retirement plans—double the number from the same survey almost a year ago, according to Bell Investment Advisors.

As a busy adviser, it might be easy to drop by and pick up some fast food, but how many of you actually do?