News

A recent paper suggests the economic times people live through have a significant impact on how they invest.

Sentinel Investments, the investment management arm of Vermont-based National Life Group, announced new hires across its distribution team.

If it remains in place, the Department of Labor’s (DoL) finalized investment advice rule might help business for retirement plan advisers already giving advice.

The Board of Governors of the Financial Industry Regulatory Authority (FINRA) said it has established a search committee to find candidates to replace FINRA CEO Mary L. Schapiro,...

Commonwealth Financial Network announced that Wayne Bloom has been appointed as CEO.

The fee-based revenue model for advisers shows cracks because of volatile markets, according to research from Cerulli Associates.

One of the nation’s leading retirement plan adviser teams has broken its long-standing wirehouse ties, and embraced an independent affiliation.

The fourth quarter of 2008 was a dark time for target-maturity funds as the average offering suffered a 17.3% setback, an Ibbotson analysis found.

Great-West Retirement Services has appointed two regional sales directors to focus on development of new corporate 401(k) plan business through brokers, financial advisers, consultants, wirehouses, and third-party administrators.

Two class action law firms are investigating conduct that they believe may have caused losses to State Street’s 401(k) plan and might have violated the Employee Retirement Income...

An order from White House Chief of Staff Rahm Emanuel will delay two Department of Labor (DoL) fee disclosure regulations and possibly slow down a recently published advice...

Bank of America (BoA) today announced that Brian Moynihan has been named president of Global Banking and Global Wealth and Investment Management, replacing John Thain.

The Merrill Lynch Fund Manager Survey for January found that global investor gloom is starting to lift, with hopes of improving growth and inflation rather than deflation.

Former Merrill Lynch&Co. Chief Executive John Thain is on his way out of Bank of America Corp. (BoA), according to reports.

Tom M. Wirtshafter has been named president of American Portfolios Financial Services (APFS) and American Portfolios Advisors Inc. (APA), a registered investment adviser, according to an announcement.

Russell Investments has named Andrew S. Doman as the company’s new chief executive officer, effective February 2.

Matrix Settlement&Clearance Services, LLC (Matrix), a Matrix Financial Solutions affiliate company, announced an expansion of its Money Market Portal product, Money Fund Monitor.

UBS Corporate Employee Financial Services (CEFS), a provider of equity compensation plan administration and wealth management services, has named Michael F. Barry to the position of executive director,...

More than half (59%) of Americans responding to a survey by TD AMERITRADE said their top New Year’s resolution for 2009 was to either start or build up...

SPDR University, State Street's educational resource for investment professionals, introduced an on-demand Webcast to help financial advisers retain client relationships during uncertain times.